Donaldson, Lufkin & Jenrette or DLJ is a defunct U.S. investment bank founded by William H. Donaldson, Richard Jenrette and Dan Lufkin in 1959. Its businesses included securities underwriting; sales and trading; investment and merchant banking; financial advisory services; investment research; venture capital; correspondent brokerage services; online, interactive brokerage services; and asset management.
In August 2000, DLJ (which was majority ow...
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Donaldson, Lufkin & Jenrette or DLJ is a defunct U.S. investment bank founded by William H. Donaldson, Richard Jenrette and Dan Lufkin in 1959. Its businesses included securities underwriting; sales and trading; investment and merchant banking; financial advisory services; investment research; venture capital; correspondent brokerage services; online, interactive brokerage services; and asset management.
In August 2000, DLJ (which was majority owned by AXA Financial) announced that it was being acquired by Credit Suisse. The firm was headquartered at 277 Park Avenue in New York City and employed 11,300 people as of July 2000.
Donaldson, Lufkin and Jenrette founded the firm on the principle that no one else on Wall Street was doing high quality independent corporate research. They not only centered the firm around this notion but ended up being one of the best ever. As research became more of a commodity throughout the 80s and 90s they had since expanded into other businesses. One of...
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