![]() was a prominent American investment bank from the 1920s into the 1960s. UBS AG - Infobox Company company name = UBS AG company company type = Public (nyse|UBS SWX: tyo|8657) foundation = 1998 merger of the Union Bank of Switzerland and the Swiss Bank… … Wikipediaĭillon, Read & Co. Jimmy Connors - en 2007 … Wikipédia en Français In 1965, Marron sold his company to Mitchell Hutchins and in 1967… … Wikipedia until its acquisition by Paine Webber in 1977. was a leading equity research boutique in the U.S. Mitchell Hutchins - Mitchell, Hutchins Co. Former type Subsidiary (Inactive) of UBS AG Industry Investment banking Fate A … Wikipedia Marron Born July 21, 1934(1934 07 21) New York City Nationality USA … Wikipedia Der nahe Savannah geborene… … Deutsch Wikipediaĭonald Marron - Donald B. Er vertrat den Bundesstaat Georgia im Repräsentantenhaus der Vereinigten Staaten. September 1854 in Savannah, Georgia) war ein US amerikanischer Politiker und Jurist. Dezember 1796 in Cedar Hill, Georgia † 29. September 24 1929) was an American businessman who co founded the stock brokerage firm, Paine Webber.He began his career in finance in 1873 as a clerk at a bank in Boston. ![]() January 29 1855, Amesbury, Massachusetts d. Webber (surname) - People with the surname Webber:*Chris Webber, American basketball player *Dakota Webber, American football player *Danny Webber, English footballer *Andrew Lloyd Webber, English composer of musical theatre *Diane Webber, American model and… … Wikipedia The CEO of the Switzerland based UBS AG is Marcel Rohner and the company's Chairman of the Board is Peter Kurer. Initially the business was given the divisional name "UBS PaineWebber" but in 2003 the 123-year-old name Paine Webber disappeared when it was renamed "UBS Wealth Management USA." The current President of US operations is Marten Hoekstra. The acquisition pushed UBS to the top Wealth and Asset Management Firm in the world. On November 3, 2000, the company merged with UBS AG, a banking conglomerate headquartered in Zurich, Switzerland. The deal was less than profitable for PaineWebber as a great number of brokers left the firm, taking their clients with them. In 2000, two months before the merger with UBS, PaineWebber acquired Southeastern brokerage firm J.C. With a significant nationwide presence, and operating as PaineWebber Group Inc., by late 2000 they were the fourth largest private client firm in the United States with 385 offices employing 8554 brokers. 1995 saw a significant expansion with the acquisition of the brokerage firm, Kidder, Peabody & Co. With profitable growth and capital raised from its IPO, the company was able to make significant acquisitions over the ensuing two decades, most notably that of "Mitchell Hutchins" in 1977 which provided them with a major equity research base, plus " Blyth, Eastman Dillon & Co." in 1979.īy 1980 Paine Webber had 161 branch offices in 42 states and six offices in Asia and Europe. In 1972, Paine Webber became a publicly traded company, its shares listed on the New York Stock Exchange. Because of the importance of Wall Street, in 1963 the Board of Directors made the decision to move corporate headquarters to New York City. ![]() At the time, Paine Webber was the fourth largest brokerage firm in the United States. The partnership eventually reverted to the Paine, Webber name and in 1955 the last member of the Paine family to run the company died. The combined operation had twenty-three offices and with their greater asset base were a significant force in the New England financial market. Ward Paine became head of the firm and the difficult years during the Great Depression of the 1930s saw Paine Webber merge with a brokerage firm owned by Charles Cabot Jackson and Laurence Curtis, creating "Paine, Webber, Jackson & Curtis" on June 29, 1942. ![]() Paine died just weeks before the Wall Street Crash of 1929. After nearly fifty years at the head of the company, the successful and wealthy William A. Webber retired after the business weathered a major financial crisis that hit the market in 1893.Ĭontrolled by the Paine family, in the 1920s, Paine, Webber & Co. Members of the Boston Stock Exchange, in 1890 the company acquired a seat on the New York Stock Exchange. when Charles Hamilton Paine became a partner. The company was renamed Paine, Webber & Co. ![]() Operating with two employees, they leased premises at 48 Congress Street and in May 1881. The company was founded in 1880 in Boston, Massachusetts, by William Alfred Paine and Wallace G. Paine Webber and Company was an American stock brokerage and asset management firm that was acquired by the Swiss bank UBS AG in 2000. ![]()
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