Mitchell Hutchins

Mitchell, Hutchins & Co. was a leading equity research boutique in the U.S. until its acquisition by Paine Webber in 1977.[1][2]

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.[3]

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.[4]

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.[5]

References

  1. ↑ James W. Davant, Who Rose to Top of Paine Webber, Is Dead at 93. New York Times, May 4, 2009
  2. ↑ Don Marron's Dream Slips Away. New York Times, February 8, 1987
  3. ↑ The World's Billionaires: #1062 Donald Marron. Forbes 2008
  4. ↑ Mitchell Hutchins Aligns With UBS Asset Management. UBS Press Release, February 20, 2001
  5. ↑ BANKERS GIVE SONS START.; Chicago Bond Firm Launched for Mitchell-Hutchins Heirs. New York Times, June 21, 1919
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