Haverford Trust owner raids BNY

Drexel Morgan Capital Advisers (ex-McCabe Capital Managers), an affiliate of Drexel Morgan & Co., the Philadelphia firm that also owns Haverford Trust Co., says it has hired Christine E. Walker from BNY Wealth Management's Philadelphia office as Drexel Morgan's new Senior Portfolio Manager (and VP). (Corrected)

Drexel Morgan, whose name recalls Philadelphia's formidable 1800s financier Anthony J. Drexel (see Dan Rottenberg's book about him here) and his famous protege, J.Pierpont Morgan, says it "advises or consults on approximately $4.2 billion" in other people's and institutions' money. Penn grad Walker was a veteran of Lehman Bros.. Millennium Wealth Management and Vanguard Group pre-BNY.