Sad to report
John Dawkins, who co-founded the Wall Street brokerage Faulkner, Dawkins & Sullivan and sold it to Sanford 'Sandy' Weill as he acquired firms that ultimately formed Citigroup, has died. He was 95.
Bloomberg News reports that he died October 13 from complications of a stroke, according to a notice posted Wednesday online.
Dawkins organized the brokerage in 1959 with Dwight Faulkner, a fellow World War II veteran and Yale University graduate, his brother Richard Dawkins, John Sullivan and Albert Fabor. The principals and 22 of the firm’s employees came from Laurence M. Marks & Co., which had just merged with Dean Witter & Co., according to an account in the New York Times. Their offices were at 51 Broad St., a block from the New York Stock Exchange.
The firm was among those that pioneered the servicing of institutional clients with in-depth quantitative research on most U.S. public companies. It had annual revenue of about $20m by the mid-1970s, according to a Times article in 1977.
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