Donaldson, Lufkin & Jenrette or DLJ was a 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.
The firm was headquartered at 277 Park Avenue in New York City and employed 11,300 people as of July 2000.
In August 2000, DLJ (which was majority owned by AXA Financial) announced that it was being acquired by Credit Suisse.[1] The acquisition closed in November 2000 with a purchase price of approximately $11.5 billion.
DLJ's online brokerage business was first called the Personal Computer Financial Network (PCFN). It was later renamed DLJDirect in 1997. DLJDirect, was spun off from DLJ in 1999. Following DLJ's acquisition by Credit Suisse, DLJDirect was renamed CSFBDirect. CSFBDirect was renamed HarrisDirect after being sold to the Bank of Montreal in 2002 and was eventually re-sold to E-Trade in early 2006. The Pershing Division of DLJ (Harris) remained until being sold to the Bank of New York in 2003.
DLJ may be best known to the general public as the investment bank portrayed in the book Monkey Business: Swinging Through the Wall Street Jungle, by John Rolfe and Peter Troob.
Daniel Scotto ? Former Director of Research at Bear Stearns, DLJ, Rothschild, and S&P, Institutional Investor ranked First Team Nine Years in a row and the Top U.S. Bond Analyst while at Bear Stearns, Financial Analyst, President & CIO of Whitehall Financial Advisors LLC.
Wayne Van Dyck ? Founder & CEO of Six Degrees Media, Inc., the creators of Smart Money Websites.
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