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Jean Omer Marie Gabriel Monnet was a French entrepreneur, diplomat, financier, administrator, and political visionary. An influential supporter of European unity, he is considered one of the founding fathers of the European Union.
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Sullivan & Cromwell LLP is an American multinational law firm headquartered in New York City. Known as a white-shoe firm, Sullivan & Cromwell is recognized as a leader in business law, and is known for its impact on international affairs, such as the financing of the Panama Canal. The firm handles high profile work such as complex mergers and acquisitions, securities litigation, and white-collar defense and government investigations. It is one of the most profitable law firms in the world, with 2020 profits per partner exceeding $5 million.
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Union Securities Corporation was an independent investment banking firm in existence from 1938 through its acquisition in 1956, although the name would survive through 1972. Union Securities was created in 1938 as a spinoff of the investment banking operations of J. & W. Seligman & Co. as a result of the Glass-Steagall Act.
Philadelphia financier Jay Cooke established the first modern American investment bank during the Civil War era. However, private banks had been providing investment banking functions since the beginning of the 19th century and many of these evolved into investment banks in the post-bellum era. However, the evolution of firms into investment banks did not follow a single trajectory. For example, some currency brokers such as Prime, Ward & King and John E. Thayer and Brother moved from foreign exchange operations to become private banks, taking on some investment bank functions. Other investment banks evolved from mercantile firms such as Thomas Biddle and Co. and Alexander Brothers.
The Lombard Odier Group is an independent Swiss banking group based in Geneva. Its operations are organised into three divisions: private banking, asset management, and IT and back and middle office services for other financial institutions. As of 31 December 2020, the bank had client assets of CHF 316 billion, which makes it one of the biggest players in the Swiss private banking sector.
The China Development Finance Corporation (CDFC) was an investment company formed in 1934 to facilitate investment in the Republic of China, specifically into infrastructure development and in particular railways. Its main sponsor was Chinese financier and statesman T. V. Soong, acting on ideas formulated by then international financier Jean Monnet during Soong's trip to the United States in May 1933 and Monnet's own stay in China from November 1933.
References
- ↑ "Jean Monnet, businessman before Europe".
- ↑ ""Europe's founder" Jean Monnet" (PDF). Archived from the original (PDF) on 18 October 2015. Retrieved 31 July 2021.
- ↑ 2003, Charles D. Ellis, James R. Vertin, 'Wall Street People: True Stories of the Great Barons of Finance', Volume 2, pp. 28–30 (biography of Andre Meyer)
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