Richard Jenrette
| Richard H. Jenrette | |
|---|---|
| Born |
April 5, 1929 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 |
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).
Jenrette graduated from the University of North Carolina at Chapel Hill (BA 1951), and from the Harvard Business School (MBA 1957).
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. Jenrette was also instrumental in taking DLJ public in 1970, making it the first publicly traded investment firm in the United States. 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, where he served as Chairman and CEO from 1990 until 1996.
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.
Jenrette has also commissioned new buildings, including a gate house (1997) and poolhouse (1998) at Edgewater, designed by the architect Michael Dwyer.
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