Dennis Weatherstone
Encyclopedia
Sir Dennis Weatherstone KBE
(29 November 1930 – 13 June 2008) was the former CEO and Chairman of J. P. Morgan & Co.. He attended the Northwest Polytechnic. In 1946, at age 16, he was hired as a bookkeeper and was quickly promoted to the foreign exchange trading desk at the Guarantee Trust Company, a predecessor firm in London.
Weatherstone rose through the ranks, becoming the Chairman in 1980 and the CEO in 1990. He retired from J. P. Morgan in 1994 and was succeeded by Douglas Warner III "Sandy"
.
Sir Dennis became a Vice Chairman and director in 1979, Chairman of the Executive Committee a year later and President in 1987. In 1990, he was named Chairman and Chief Executive Officer and was knighted by Queen Elizabeth II—the first J.P. Morgan employee to receive the honour.
Later that year, Sir Dennis helped the firm earn Federal Reserve authority to trade and sell corporate stocks, making J. P. Morgan the first bank-related securities firm with a full range of securities powers. A decade later, the Glass–Steagall Act was repealed, allowing banking companies to provide any service, whether it be a loan, advice or a securities offering.
Sir Dennis served as an independent member of the Board of Banking Supervision of the Bank of England
from 1995 through 2001.
He was also a board member of Merck & Co.
, General Motors
and the NYSE, and a director of Air Liquide
.
Order of the British Empire
The Most Excellent Order of the British Empire is an order of chivalry established on 4 June 1917 by George V of the United Kingdom. The Order comprises five classes in civil and military divisions...
(29 November 1930 – 13 June 2008) was the former CEO and Chairman of J. P. Morgan & Co.. He attended the Northwest Polytechnic. In 1946, at age 16, he was hired as a bookkeeper and was quickly promoted to the foreign exchange trading desk at the Guarantee Trust Company, a predecessor firm in London.
Weatherstone rose through the ranks, becoming the Chairman in 1980 and the CEO in 1990. He retired from J. P. Morgan in 1994 and was succeeded by Douglas Warner III "Sandy"
Douglas A. Warner III
Douglas 'Sandy' Warner is an American banker who joined Morgan Guaranty Trust Company of New York out of college in 1968 as an officer's assistant and rose through the ranks to become chairman of the board of J.P. Morgan & Co. Inc. in 2000...
.
Sir Dennis became a Vice Chairman and director in 1979, Chairman of the Executive Committee a year later and President in 1987. In 1990, he was named Chairman and Chief Executive Officer and was knighted by Queen Elizabeth II—the first J.P. Morgan employee to receive the honour.
Later that year, Sir Dennis helped the firm earn Federal Reserve authority to trade and sell corporate stocks, making J. P. Morgan the first bank-related securities firm with a full range of securities powers. A decade later, the Glass–Steagall Act was repealed, allowing banking companies to provide any service, whether it be a loan, advice or a securities offering.
Sir Dennis served as an independent member of the Board of Banking Supervision of the Bank of England
Bank of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in the world...
from 1995 through 2001.
He was also a board member of Merck & Co.
Merck & Co.
Merck & Co., Inc. , also known as Merck Sharp & Dohme or MSD outside the United States and Canada, is one of the largest pharmaceutical companies in the world. The Merck headquarters is located in Whitehouse Station, New Jersey, an unincorporated area in Readington Township...
, General Motors
General Motors
General Motors Company , commonly known as GM, formerly incorporated as General Motors Corporation, is an American multinational automotive corporation headquartered in Detroit, Michigan and the world's second-largest automaker in 2010...
and the NYSE, and a director of Air Liquide
Air Liquide
L'Air Liquide S.A., or Air Liquide , is a major French company supplying industrial gases and services to various industries including medical, chemical and electronic manufacturers. Founded in 1902, it is first in the world market in its field, now operating in over 80 countries. It is...
.