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. 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 entiites.
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.We currently have the following pieces in our inventory that were issued to this once proud firm: