Winthrop H. Smith
|Winthrop H. Smith|
|Born||Winthrop Hiram Smith
South Hadley, Massachusetts
|Died||January 10, 1961
|Residence||East 72nd Street
|Education||Amherst College (1916)
Phillips Academy (1912)
|Employer||Merrill Lynch, Pierce, Fenner & Smith|
Winthrop Hiram Smith (June 30, 1893 – January 10, 1961), also known as Win Smith, was an American businessman and investment banker. He was notable as a name partner of Merrill Lynch, Pierce, Fenner & Smith.
Upon graduation from Amherst, Smith joined Merrill Lynch & Co. in 1916, just two years after the firm's predecessor Charles E. Merrill & Co. was founded. Smith, who began as a junior runner and clerk at Merrill, was groomed by founder Charles E. Merrill, who also was an Amherst alumnus.
Smith's career would span more than four decades as he would ultimately serve as directing partner of the firm. In 1940 and 1941, Smith was an architect of Merill's transformative mergers including E.A. Pierce & Co. and Cassatt & Co. in 1940 followed by the acquisition of Fenner & Beane in 1941. Smith is often credited with having implemented Charles E. Merrill's strategy of bringing Wall Street to Main Street and received both respect and affection from his colleagues in the industry and at his firm.
In 1958, Smith handed over day-to-day control of the firm, at the time known as Merrill Lynch, Pierce, Fenner & Beane. In recognition of his role in building Merrill into a leading national brokerage, Smith's name was added to that of the firm becoming Merrill Lynch, Pierce, Fenner & Smith. Smith's name replaced that of Alpheus Beane's who firm Fenner & Beane had merged with Merrill in 1941.