List of mergers of securities firms

Year Merger closed Acquirer Acquired firm Name of merged entity
1931 Harriman Brothers & Company Brown Bros. & Co. Brown Brothers Harriman & Co.
1938 Charles D. Barney & Co. Edward B. Smith & Co. Smith Barney & Co.
1940 Merrill Lynch E. A. Pierce & Co. Merrill Lynch
1940 Merrill Lynch Cassatt & Co. Merrill Lynch
1942 Paine, Webber & Co. Jackson & Curtis Paine, Webber, Jackson & Curtis
1946 First Boston Corporation Mellon Securities Corporation First Boston Corporation
1947 Lonsdale Investment Trust Robert Benson & Co. Robert Benson Lonsdale
1956 Eastman Dillon & Co. Union Securities Eastman Dillon Union Securities & Co.
1957 S. G. Warburg & Co. Seligman Bros. S. G. Warburg & Co.
1961 Robert Benson Lonsdale Kleinwort, Sons & Co. Kleinwort Benson Limited
1965 Drexel and Company Harriman, Ripley and Company Drexel Harriman Ripley
1965 Philip Hill, Higginson, Erlanger’s Limited M. Samuel & Co. Hill Samuel & Co.
1970 Cogan, Berlind, Weill & Levitt Hayden, Stone & Co. CBWL-Hayden, Stone, Inc.
1970 Mason & Co. Legg & Co. Legg Mason & Co.
1972 Eastman Dillon Union Securities & Co. Blyth & Co. Blyth, Eastman, Dillon & Co.
1973 Burnham and Company Drexel Harriman Ripley Drexel Burnham and Company
1973 Hayden Stone H. Hentz Hayden Stone
1973 Hayden Stone Saul Lerner & Company Hayden Stone
1974 Hayden Stone Shearson, Hammill & Co. Shearson Hayden Stone
1975 Lehman Brothers Abraham & Co. Lehman Brothers
1975 Smith Barney & Co. Harris, Upham & Co. Smith Barney, Harris Upham & Co.
1976 Shearson Hayden Stone Lamson Brothers Shearson Hayden Stone
1976 Shearson Hayden Stone Faulkner, Dawkins & Sullivan Shearson Hayden Stone
1976 Drexel Burnham and Company William D. Witter Drexel Burnham Lambert
1977 Lehman Brothers Kuhn, Loeb & Co. Lehman Brothers, Kuhn, Loeb
1977 Morgan Stanley Shuman, Agnew & Co Morgan Stanley
1977 Paine Webber Mitchell Hutchins Paine Webber
1978 Loeb, Rhoades & Co. Hornblower, Weeks, Noyes & Trask Loeb, Rhoades, Hornblower & Co.
1978 Dean Witter Reynolds & Co. Dean Witter Reynolds
1978 Merrill Lynch White Weld & Co. Merrill Lynch
1979 Shearson Hayden Stone Loeb, Rhoades, Hornblower & Co. Shearson Loeb Rhoades
1979 Paine Webber Blyth, Eastman Dillon & Co. Paine Webber
1981 Goldman, Sachs & Co. J. Aron & Co. Goldman, Sachs & Co.
1981 Philipp Brothers Salomon Brothers Phibro-Salomon Inc.
1981 Prudential Insurance Halsey, Stuart & Co. Prudential Securities
1981 American Express Shearson Loeb Rhoades Shearson/American Express
1984 Shearson/American Express Investors Diversified Services Shearson/American Express
1984 Shearson/American Express Lehman Brothers, Kuhn, Loeb Shearson Lehman/American Express
1987 Primerica Smith Barney Primerica
1987 Union Bank of Switzerland Phillips & Drew Union Bank of Switzerland
1987 TSB Group Plc. Hill Samuel & Co. TSB Group Plc.
1988 Shearson Lehman/American Express E.F. Hutton Shearson Lehman Hutton
1988 Credit Suisse First Boston Corporation Credit Suisse First Boston
1988 Commercial Credit Primerica Primerica
1990 Deutsche Bank Morgan Grenfell Deutsche Bank
1993 Primerica Shearson Lehman Hutton (Brokerage and Asset Management) Primerica (Smith Barney Shearson)
1993 Lehman Brothers (Spinoff from American Express) Shearson Lehman Hutton Lehman Brothers
1995 Paine Webber Kidder, Peabody & Co. PaineWebber Group
1995 Swiss Bank Corporation S. G. Warburg & Co. Swiss Bank Corporation
1995 Dresdner Bank Kleinwort Benson Dresdner Kleinwort Benson
1996 Chemical Bank Chase Manhattan Bank Chase Manhattan Bank
1996 Morgan Stanley Van Kampen American Capital Morgan Stanley
1997 Bankers Trust Alex. Brown & Sons Bankers Trust (BT Alex. Brown & Sons)
1997 Swiss Bank Corporation Dillon, Read & Co. Swiss Bank Corporation (Warburg Dillon Read)
1997 Travelers Group Salomon Brothers Travelers Group (Salomon Smith Barney)
1997 Dean Witter Discover & Co. Morgan Stanley Morgan Stanley Dean Witter
1998 Union Bank of Switzerland Swiss Bank Corporation UBS AG (UBS Warburg)
1998 Travelers Group Citicorp Citigroup (Salomon Smith Barney)
1998 Société Générale Hambros Bank Société Générale (SG Hambros Bank Ltd)
1999 Deutsche Bank Bankers Trust Deutsche Bank (Deutsche Bank Alex. Brown)
1999 Chase Manhattan Bank Hambrecht & Quist Chase Manhattan Bank
2000 PaineWebber Group J.C. Bradford & Co. PaineWebber Group
2000 UBS AG PaineWebber Group UBS AG (UBS Paine Webber)
2000 Credit Suisse First Boston Donaldson, Lufkin & Jenrette Credit Suisse First Boston
2000 Dresdner Kleinwort Wasserstein Perella & Co. Dresdner Kleinwort Wasserstein
2000 Chase Manhattan Bank Robert Fleming & Co. Chase Manhattan Bank
2001 Lehman Brothers Cowen & Co. (PCS Business) Lehman Brothers
2001 Chase Manhattan Bank J. P. Morgan & Co. JPMorgan Chase & Co.
2001 Société Générale TCW Group Société Générale
2002 Deutsche Bank Scudder Investments Deutsche Bank
2003 Lehman Brothers Crossroads Group Lehman Brothers
2003 Lehman Brothers Neuberger Berman Lehman Brothers
2006 Lehman Brothers H.A. Schupf & Co. Lehman Brothers
2007 Wachovia A. G. Edwards Wachovia Securities
2008 JPMorgan Chase & Co. Bear Stearns JPMorgan Chase & Co.
2008 Bank of America Merrill Lynch BofA Securities
2008 Ameriprise Financial J. & W. Seligman & Co. Ameriprise Financial
2009 Morgan Stanley Smith Barney Morgan Stanley (Morgan Stanley Smith Barney)