Monday, December 29, 2014

Haverford Trust owner raids BNY

Drexel Morgan Capital Advisers adds Christine E. Walker

Haverford Trust owner raids BNY

Christine E. Walker
Christine E. Walker

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.

Joseph N. DiStefano
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PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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