The original Drexel Morgan & Co. was founded in the mid-1800s by Anthony J. Drexel with his protégé and partner, J. Pierpont Morgan. After Drexel’s death, the company reorganized in 1895 and became J.P. Morgan & Co., one of the original predecessors of what is today JPMorgan Chase.
In 1979, George W. Connell, who spent more than 25 years with J.P. Morgan & Co. and later as Principal of Drexel & Company, (originally founded by Anthony Drexel’s father) left Drexel to create the firm now known as The Haverford Trust Company.
Mr. Connell later established the Drexel Morgan & Co. name for his bank holding company.
Our subsidiaries include The Haverford Trust Company and Drexel Morgan Capital Advisers, with combined assets under advisement or consultation in excess of $12 billion (assets as of December 31, 2016).