Sad to report.
Josiah O. Low III, an investment banker with deep New York City roots and a cowboy heart who helped build the corporate finance department at Donaldson, Lufkin & Jenrette, has died. He was 75.
Bloomberg News reports that he died on June 20 at his home in Riverside, Connecticut, according to his wife, Penny. He was diagnosed with cancer five years ago, said Joe Roby, a former chief executive officer at DLJ.
Low joined DLJ in 1985, a year after its acquisition by Equitable Life Assurance Society, and led the New York-based firm’s corporate finance department as a managing director for about 15 years.
'We were just getting into investment banking, so we had to recruit some veteran bankers and Joe was one of them', Richard Jenrette, DLJ’s co-founder and longtime chairman, said Tuesday in an interview. 'I knew him quite well. He was a lovely person and knew everybody'.
Low was with DLJ through its acquisition by Credit Suisse in 2000. Roby, who helped recruit Low to DLJ, stayed on to lead Credit Suisse’s investment-banking arm, Credit Suisse First Boston. He said Low stood out on Wall Street for his Western cowboy tastes.
Though born in Michigan, Low spent part of his youth on a Wyoming ranch and loved riding horses, singing cowboy songs and collecting tractors.
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