Phillips & Drew was a large stockbroking partnership and company based in the City of London, England.[1] It was fully acquired by the Union Bank of Switzerland in 1986, which itself merged with the Swiss Bank Corporation in 1998, to become UBS AG.[2]
History
Founding and early history
In 1885, George Allen Phillips became a member of the London Stock Exchange. After several unsuccessful partnerships, Phillips formed a partnership with his chief clerk, Harvey Richard ('Dick') Drew, to form G.A. Phillips & Co. in 1895. The name of the firm was changed to Phillips & Drew in 1905.
In 1905, the firm assumed the Phillips & Drew name with the arrival of Geoffrey Harvey Drew, Dick's brother, as a new partner and the retirement of Phillips (though he rejoined the firm in 1907). Until the late 1940s, the Drew family continued to hold a controlling position within the firm.