Mitchell Hutchins
Encyclopedia
Mitchell, Hutchins & Co. was a leading equity research boutique in the U.S. until its acquisition by Paine Webber
in 1977.
In 1959, Donald Marron
founded D.B. Marron & Company. In 1965, Marron sold his company to Mitchell Hutchins and in 1967 was named president of the company. Under Marron, the firm's prominence grew significantly and in 1977, Mitchell Hutchins was acquired by Paine Webber
. Marron would later serve as CEO of Paine Webber
from 1980 until the company's sale to UBS in 2000.
Paine Webber continued to use the Mitchell Hutchins brand over the next 23 years until the company was acquired by UBS in 2000. In 2001, the Mitchell Hutchins name was discontinued as the subsidiary was merged with UBS's Brinson Partners
division.
The firm was founded in Chicago, Illinois by William H. Mitchell and James C. Hutchins, Jr. The company's founders were the sons of two prominent Chicago banking families involved with the Illinois Bank & Trust, whose respective fathers helped finance the startup of the firm in 1919.
Paine Webber
Paine Webber and Company was an American stock brokerage and asset management firm that was acquired by the Swiss bank UBS AG in 2000. The company was founded in 1880 in Boston, Massachusetts, by William Alfred Paine and Wallace G. Webber. Operating with two employees, they leased premises at 48...
in 1977.
In 1959, Donald Marron
Donald Marron
Donald B. Marron is a financier, private equity investor and entrepreneur, notable as the chairman and chief executive officer of brokerage firm Paine Webber from 1980 through the sale of the company in 2000, as well as the founder of private equity firm Lightyear Capital and of Data Resources...
founded D.B. Marron & Company. In 1965, Marron sold his company to Mitchell Hutchins and in 1967 was named president of the company. Under Marron, the firm's prominence grew significantly and in 1977, Mitchell Hutchins was acquired by Paine Webber
Paine Webber
Paine Webber and Company was an American stock brokerage and asset management firm that was acquired by the Swiss bank UBS AG in 2000. The company was founded in 1880 in Boston, Massachusetts, by William Alfred Paine and Wallace G. Webber. Operating with two employees, they leased premises at 48...
. Marron would later serve as CEO of Paine Webber
Paine Webber
Paine Webber and Company was an American stock brokerage and asset management firm that was acquired by the Swiss bank UBS AG in 2000. The company was founded in 1880 in Boston, Massachusetts, by William Alfred Paine and Wallace G. Webber. Operating with two employees, they leased premises at 48...
from 1980 until the company's sale to UBS in 2000.
Paine Webber continued to use the Mitchell Hutchins brand over the next 23 years until the company was acquired by UBS in 2000. In 2001, the Mitchell Hutchins name was discontinued as the subsidiary was merged with UBS's Brinson Partners
Brinson Partners
Brinson Partners was an asset management firm focused on providing access for U.S. institutions to global markets. The firm was founded by noted investor Gary P. Brinson in the 1980s and established as an independent firm in 1989...
division.
The firm was founded in Chicago, Illinois by William H. Mitchell and James C. Hutchins, Jr. The company's founders were the sons of two prominent Chicago banking families involved with the Illinois Bank & Trust, whose respective fathers helped finance the startup of the firm in 1919.
Reference
- The Bottom Line: Mitchell Hutchins Says Buy. New York Magazine, Mar 17, 1975