G. H. Walker & Co.

Last updated
G. H. Walker & Co.
Industry Banking, Finance
Founded1900;121 years ago (1900) in New York City, United States
Founder George Herbert Walker
Defunct1974 (1974)
FateSold to White Weld & Co.

G.H. Walker & Co. was an investment banking and brokerage firm founded in 1900 by George Herbert Walker, grandfather and great-grandfather of Presidents George Herbert Walker Bush and George Walker Bush, and located at 1 Wall Street.

Background

The firm was originally based in St. Louis, Missouri.

In July 1973, the firm acquired the securities brokerage business of Laird, Inc. [1] The company, later known as G.H. Walker, Laird & Co., was sold to White Weld & Co. in October 1974. [2] [3] White Weld, in turn, was sold to Merrill Lynch in 1978.

Other notable former employees include Bill Donaldson, later founder of Donaldson, Lufkin & Jenrette and chairman of the Securities and Exchange Commission. [4] Bert Walker, later served as chairman and CEO of Stifel Financial in the late 1970s and 1980s. [5]

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References

  1. G. H. WALKER & CO. TO BUY LAIRD ASSETS. New York Times, July 18, 1973
  2. Weld & Co announces plans to take over G H Walker, Laird & Co. New York Times, October 1, 1974
  3. MERGER PLANNED BY WHITE, WELD. New York Times, October 1, 1974
  4. Wall Street figure tapped to head SEC . San Francisco Chronicle, December 11, 2002
  5. History of Stifel Nicolaus. (Stifel Financial website)