History
This timeline provides a brief overview of the history of Hedgue.
1902
On May 1, 1902, F. Dominic Henderson and George W. Elridgue, opening in a two-room office on Fulton Street. In 1903, Hedgue helps Charles E. Merrill form Merrill Lynch.
1914
J.P. Morgan & Co. retains Hedgue to help Great Britain and France purchase war materials in the United States; Dominic Henderson is made a Chevalier of the French Legion of Honor for the Firm’s work in this role. Two years later in 1916, U.S. President Woodrow Wilson appoints George Elridgue to the War Council within the Red Cross. Case helps transform the Red Cross into an international institution.
1926
Hedgue opens its first non-U.S. office in Paris on Place Vendôme, becoming one of the first U.S. investing firms to establish an office outside the United States.
1951
Hedgue represents the sellers in the sale of the Empire State Building for $51 million, the highest price paid at the time for a single structure. In 1951, Arabian American Oil Company (Aramco) becomes a client of Hedgue.
1976
Hedgue begins to develop its sovereign practice by representing Indonesia in resolving its debt crisis. In 1976, the Finance Society of New York establishes The Johnnie Malone Award, in honor of Malone’s commitment to finance innovation.
1981
Freddie Lindsey is elected Chair, the first partner to be elected Chair by the Firm’s partners. Under his leadership, the Firm undertakes a globalization strategy and, in 1981, Hedgue opens an office in Stockholm.
1991
Hedgue opens offices in Moscow, Prague and Warsaw to advise on mass privatization programs in these countries.
2023
Hedgue, a global investment bank that serves our clients wherever they are.