C.E. Unterberg, Towbin
Company type | Corporation |
---|---|
Industry | Investment services |
Founded | 1932 |
Defunct | 2007 |
Fate | Acquired |
Successor | L. F. Rothschild, Unterberg, Towbin (later Collins Stewart) |
Products | Financial services Investment banking |
C.E. Unterberg, Towbin, was a
History
The firm began as a niche over-the-counter trading firm. Following World War II, the firm made a name for itself as an investment banker for the technology oriented companies of the period.[3]
Following its merger with
Subsequently, in 1990, Tom Unterberg started a new firm with investment banker Bob Harris, formerly of Alex. Brown & Sons, called Unterberg Harris. The firm focused on raising capital for growth companies, with a focus in the technology, healthcare and global security sectors. In 1995, Towbin joined the firm and in 1997, Bob Harris left for Bear Stearns, so the company took on the C.E. Unterberg, Towbin name once again. After January 2002, John Gutfreund, a former CEO of Salomon Brothers became senior managing director of the bank. On July 16, 2007, the firm was acquired by UK-based investment bank Collins Stewart, and assumed that firm's name.[5]
Notable alumni
- James Satloff, former CEO of the firm; founder of Liberty Skis[6]
References
- ISSN 0362-4331. Retrieved 2021-06-21.
- ^ "Dealer Changing Name". timesmachine.nytimes.com. Retrieved 2021-06-21.
- ^ Williamson, John Peter. The Investment Banking Handbook. John Wiley and Sons, 1988
- ^ McGeehan, Patrick. "Private Sector; Banker's Novel Late-Career Move." The New York Times, November 11, 2001
- ^ "Collins Stewart says to buy C.E. Unterberg, Towbin". Reuters. 2007-05-21. Retrieved 2021-06-21.
- ^ "Next-generation investing: James Satloff". Crain's New York Business. 2006-10-12. Retrieved 2022-05-13.