& co. type privately held company industry diversified financial services founded 1895 ; sold to merrill lynch in 1978 . relaunched in 2012 . headquarters chicago area served worldwide services investment management investment banking capital markets website www.whiteweldco.com white weld & co. is a privately held global financial services firm engaged in asset management investment advisory investment banking and other capital market activities . relaunched in 2012 the business is headquartered in chicago . previously white weld & co. was a boston based investment bank historically managed by boston brahmins until its sale to merrill lynch in 1978 . the weld family name can be traced back to the founding of massachusetts in the 1630s . history edit white weld & co. was founded in boston in the nineteenth century originally to finance overseas trade . in 1929 it managed airstocks a short lived venture but important because it was an early financial concern exclusively pertaining to airlines and aviation . it developed into a small well connected new york investment bank by the twentieth century and a bastion of the wasp establishment . for example george herbert walker jr. uncle of the first president bush became an executive of white weld when his firm g. h. walker & co. was bought by them in the early 1970s . charles j. fuhrmann ii paul hallingby steve hammerman harold janeway charles c. lee roberts w. brokaw iii nigel s. macewan and george g. montgomery jr. were senior vice presidents when the company was sold to merrill lynch . as stock markets became more retail oriented and investment banking became more capital intensive the firm decided it could not compete and put itself up for sale . one of the firm s most prominent transactions in its final period was the ipo of walmart in 1970 with stephens inc. relationship with credit suisse edit one of its most successful ventures was an international investment banking partnership founded in 1970 by robert l. genillard as a managing partner of white weld & co with credit suisse called soci t anonyme du credit suisse et de white weld or credit suisse white weld . sir john craven later head of morgan grenfell led credit suisse white weld from 1975 to 1978 . furthermore oswald gruebel credit suisse chief from 2004 to 2007 began his career in 1970 at credit suisse white weld . when white weld was purchased by merrill lynch it left the partnership with credit suisse and was replaced by first boston thus creating the credit suisse first boston business in london . the swiss private banking division of white weld founded in 1954 as white weld & co. ag lives on as clariden bank . references edit 1 white weld & co. 2 clariden about us v t e bank of america divisions bank of america home loans bank of america merrill lynch merrill lynch u.s. trust historical components bank of america securities bank of america los angeles bank of italy bank of new england bankboston barnett bank benj . franklin savings and loan boatmen s bancshares cassatt & company central bank and trust citizens & southern national bank commercial national bank continental illinois countrywide financial e.a. pierce & co. farmers and merchants bank of los angeles first franklin first republic bank corporation fleet bank fourth financial corporation g. h. walker & co. gibraltar savings and loan lasalle bank mercury asset management mbna maryland national bank michigan national bank montgomery securities nationsbank north carolina national bank provident institution for savings rainier bancorp robertson stephens seafirst bank security pacific bank standard federal bank sovran bank summit bancorp suretrade western savings and loan white weld & co. buildings 555 california street san francisco 701 brickell avenue albuquerque plaza american security and trust company building washington d.c. bank of america building baltimore bank of america building midland bank of america building oakland bank of america building providence bank of america center baltimore bank of america center houston bank of america center los angeles bank of america center norfolk bank of america center tulsa bank of america corporate center charlotte bank of america plaza atlanta bank of america plaza charlotte bank of america plaza chicago bank of america plaza dallas bank of america plaza fort lauderdale bank of america plaza st. louis bank of america plaza tampa bank of america tower jacksonville bank of america tower manhattan bank of america tower phoenix bank of america tower st. petersburg boulder towers hearst tower charlotte miami tower museum tower category commons retrieved from https en.wikipedia.org w index.php title white weld % 26 co. & oldid 730666984 categories defunct financial services companies of the united statesformer investment banksmerrill lynchcompanies established in 1895 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages espa ol edit links this page was last modified on 20 july 2016 at 14 45 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view