Business: Schroder Rockefeller

Day after John Davison Rockefeller turned 97 last week another Rockefeller also made news. He was Avery Rockefeller, 33, son of the late Percy Avery Rockefeller and grandson of John D. Sr.'s younger brother William. Along with two other executives, Avery Rockefeller resigned from Manhattan's J. Henry Schroder Banking Corp. to set up a new investment house called Schroder Rockefeller & Co. which will handle the underwriting and general securities business given up by the U. S. branch of the famed old London firm under the Banking Act of 1933.

J. Henry Schroder...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!