Billy richardson paine webber plus#

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.

Billy richardson paine webber plus#

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. Army Reserve.Paine Webber and Company was an American stock brokerage and asset management firm that was acquired by the Swiss bank UBS AG in 2000. Air Force Aerospace Medical Division and School of Aerospace Medicine and rose to the rank of Colonel in the U.S. Richardson served as Program Executive Officer for Chemical/Nuclear Technical Director for the Chemical Research, Development, and Engineering Center, U.S. Significant program initiatives involved demilitarization, close-out of offensive chemical weapons programs, removal of weapons from Europe, arms control, defense measures to support Operation Desert Shield and Operation Desert Storm, and a host of others.ĭuring his career, Dr. Richardson was charged with oversight of programs with an annual budget of $1.3 billion for chemical and biological warfare defense, chemical weapons destruction, and research, development, and U.S. He recently retired from government service after a distinguished career in which he served in numerous positions of increasing complexity, culminating in the position of Deputy Assistant to the Secretary of Defense.ĭr. He earned a BS, MS and PhD in plant physiology/biochemistry from Texas A&M University. Billy Richardson was born in Channelview, Texas. ARMY CHEMICAL CORPS Distinguished Member of the Corps 1994ĭr.