G. H. Walker & Co.

G. H. Walker & Co.
IndustryBanking, Finance
Founded1900; 125 years ago (1900) in New York City, United States
FounderGeorge 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]

References

  1. ^ "G. H. WALKER & CO. TO BUY LAIRD ASSETS". The New York Times. 1973-07-18. ISSN 0362-4331. Retrieved 2023-01-05.
  2. ^ "Weld & Co announces plans to take over G H Walker, Laird & Co". New York Times. October 1, 1974. Retrieved 2023-01-05.
  3. ^ Cole, Robert J. (1974-10-01). "MERGER PLANNED BY WHITE, WELD". The New York Times. ISSN 0362-4331. Retrieved 2023-01-05.
  4. ^ Zuckerman, Sam; Coile, Zachary (2002-12-11). "Wall Street figure tapped to head SEC / Donaldson's 'mission' to police corporations". San Francisco Chronicle. Retrieved 2023-01-05.
  5. ^ History of Stifel Nicolaus. (Stifel Financial website)