White, Weld & Co. is a privately held global financial services firm engaged in asset management, investment advisory, investment banking and other capital market activities. Relaunched in 2012, the business is headquartered in Chicago.[1] Previously, White, Weld & Co. was a Boston-based investment bank, historically managed by Boston Brahmins until its sale to Merrill Lynch in 1978.[2] The Weld family name can be traced back to the founding of Massachusetts in the 1630s.
History
White, Weld & Co. was founded in Boston in the nineteenth century, originally to finance overseas trade. In 1929 it managed Airstocks, a short-lived venture but important because it was an early financial concern exclusively pertaining to airlines and aviation.[3] It developed into a small, well-connected New York investment bank by the twentieth century and a bastion of the WASP establishment. For example, George Herbert Walker Jr., uncle of the first President Bush, became an executive of White, Weld when his firm