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Richard Jenrette

Richard Hampton Jenrette (born April 5, 1929 in Raleigh, North Carolina) was one of the founders of the Wall Street firm, Donaldson, Lufkin & Jenrette (DLJ).

Richard H. Jenrette
Born (1929-04-05) April 5, 1929 (age 88)
Raleigh, North Carolina
Citizenship United States
Alma mater University of North Carolina at Chapel Hill
Harvard Business School
Occupation Banker, Founder of Donaldson, Lufkin & Jenrette


Education and business careerEdit

Jenrette graduated from the University of North Carolina at Chapel Hill (BA 1951), and from the Harvard Business School (MBA 1957).[1]

In 1959, he founded Donaldson Lufkin Jenrette (DLJ) with William H. Donaldson, who subsequently became chairman of the U.S. Securities and Exchange Commission, and Dan Lufkin. Under Jenrette's direction, the firm concentrated on in-depth analysis, creating a new industry standard for institutional investing.[citation needed] Jenrette was also instrumental in taking DLJ public in 1970, making it the first publicly traded investment firm in the United States.[2] Taking the helm of DLJ in 1973, Jenrette successfully shepherded the firm through a recession and a later sale to worldwide insurance leader, The Equitable,[3] where he served as Chairman and CEO from 1990 until 1996.

Restoration of historic housesEdit

Since the 1960s, Jenrette has bought and restored a series of significant historic American homes including Robert William Roper House in Charleston, SC; Millford Plantation in South Carolina; Ayr Mount in North Carolina; Estate Cane Garden on St. Croix; the George F. Baker House in New York City; and Edgewater, in Barrytown, New York.[4]

Jenrette has also commissioned new buildings, including a gate house (1997) and poolhouse (1998) at Edgewater, designed by the architect Michael Dwyer.[5]

Scholastic and other honorsEdit

Professional affiliationsEdit


Jenrette's books include Jenrette: The Contrarian Manager, a memoir of his career on Wall Street, and Adventures With Old Houses, a memoir of his experiences restoring several historic buildings.


  1. ^ Ellis, Charles D. Wall Street People: True Stories of Today's Masters and Moguls, Volume 2. John Wiley & Sons. p. 299. ISBN 9780471238096. Retrieved January 5, 2015. 
  2. ^ HBS profile
  3. ^ Jenrette Reported to Decline Chairman's Job at Big Board
  4. ^ Classical American Homes Preservation Trust
  5. ^ Richard H. Jenrette, Adventures with Old Houses (Charleston, SC: Wyrick & Co., 2000). ISBN 0-941711-46-3.

External linksEdit