Friday, November 27, 2015

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.

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PhillyDeals posts interviews, drafts and updates that Joseph N. DiStefano writes alongside his Sunday and Monday columns and ongoing articles about Philadelphia-area business.

DiStefano studied economics, history and a little engineering at Penn. He taught writing and research at St. Joe’s. He has written for the Inquirer since 1989, except when he left a few times to work at Bloomberg and elsewhere. He wrote the book Comcasted, and raised six kids with his wife, who is a saint.

Reach Joseph N. at, 215.854.5194, @PhillyJoeD. Read his blog posts at and his Inquirer columns at Bloomberg posts his items at NH BLG_PHILLYDEAL.

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