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BuildingThomas Weisel's New Trading Machine

Traders Magazine, March 1999

John A. Byrne

Tim Heekin was still running the global equity-trading desk last September in London for Salomon Smith Barney when his telephone rang. The caller needed no introduction. He was Thomas Weisel, legendary founder of Montgomery Securities, once among the largest and most lucrative securities firms on the West Coast.

In 1997, Weisel sold his firm to Charlotte-based NationsBanc for about $1.3 billion, making him a tycoon as well as a serious philanthropist on the San Francisco Bay-area scene.

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