As was the case for many firms, the company engaged in a number of acquisitions in the 1970s, as a wave of consolidation spread through the industry. In 1974, the firm completed an initial public offering of the stock of its holding company, PaineWebber Inc., and listed the company on the New York Stock Exchange. The firm's holding company was incorporated in 1970 as PaineWebber Inc., of which Paine Webber Jackson & Curtis was its main subsidiary. The firm, now known as Paine Webber Jackson & Curtis moved its headquarters from Boston to New York in 1963. With its greater combined asset base Paine Webber Jackson & Curtis had become a significant participant in the New England financial market. The combined firm, Paine, Webber, Jackson & Curtis, operated a combined total of 22 branch offices. In July 1879, Charles Cabot Jackson and Laurence Curtis founded their investment banking firm Jackson & Curtis on Congress Street in Boston, Massachusetts.įollowing the difficult years of the Great Depression, in June 1942, Jackson & Curtis merged with Paine & Webber, another Boston-based brokerage firm. Paine Webber was ultimately acquired by the Swiss bank UBS AG in 2000. was created to consolidate the company's various businesses and subsidiaries under a single brand. The firm operated as Paine Webber Jackson & Curtis through 1984, when Paine Webber Inc. It was an American investment banking and stock brokerage firm that merged with Paine Webber in 1942. Members of the Boston Stock Exchange, in 1890 the company acquired a seat on the New York Stock Exchange. Operating with two employees, they leased premises on Congress Street in May 1881, not far from Paine Webber. Jackson & Curtis was founded in 1879 in Boston, Massachusetts, by Charles Cabot Jackson and Laurence Curtis.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |