Donaldson, Lufkin & Jenrette

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Donaldson, Lufkin & Jenrette or DLJ was an 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 Ave 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, 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.

Credit Suisse still uses the DLJ brand for its private equity operations, such as DLJ Merchant Banking Partners, DLJ Investment Partners & DLJ Real Estate Capital Partners entities.^[2]

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.

1 Notable Alumni
2 Works about DLJ
3 References
4 External links

[edit] Notable Alumni

Safra A. Catz — CFO of Oracle Corporation.
Joel Cohen — Co-Founder of Sagent Advisors.
Susan Decker — President of Yahoo! Inc.
William H. Donaldson — Former chairman of the U.S. Securities and Exchange Commission (SEC).
Bennett Goodman — Founder of hedge fund GSO Capital Partners.
Hamilton James — COO of The Blackstone Group.
Ken Moelis — Founder of Moelis & Co.
Herald Ritch — Co-Founder of Sagent Advisors.
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.

[edit] Works about DLJ

Rolfe, John; Peter Troob (2000). Monkey Business: Swinging Through the Wall Street Jungle. New York: Warner Books. ISBN 0-446-52556-1.
Vault Reports (1999). Donaldson, Lufkin & Jenrette. New York: Vault Reports. ISBN 1-581-31016-1.
Wet Feet Press (1998). Donaldson, Lufkin & Jenrette, Inc.: Cash and Culture. San Francisco, CA: Wet Feet Press. ISBN 1-582-07016-4.
Jenrette, Richard H; John S Chalsty (1989). Donaldson, Lufkin & Jenrette Collection of Americana. New York: Donaldson, Lufkin & Jenrette.