Ted Rauch is an affiliate expert with Bates Group. After obtaining a BA from Cornell University and an MBA from Wharton, Mr. Rauch began his securities career in 1965 in New York in the Investment Banking Division of Paine, Webber. There, he was on teams that brought McDonald’s and Dunkin’ Donuts public, and he was also instrumental in the completion of numerous M&A deals.
In 1969, he returned to his native Philadelphia, joining White, Weld in their Institutional Equity Department, where he had coverage of many of the largest accounts including Delaware Management, Miller Anderson & Sherrerd, T. Rowe Price, Mellon Bank, and The DuPont Pension Fund. In 1972, he became resident manager of the Philadelphia office with responsibility for all sales & trading personnel. Thereafter he became manager of the regional offices in Pittsburgh, Wilmington and Washington D.C.
In 1978, when White, Weld merged with Merrill Lynch, Mr. Rauch and many of his former White, Weld associates opened an office for Wertheim, where he was a Managing Director in charge of all areas (including institutional equity and retail sales, taxable fixed income, and municipals) and was the investment banking liaison for the Mid-Atlantic Region. In 1987, he moved to London as President of Schroder Securities Ltd (an affiliate of Wertheim), overseeing all sales, research and trading in the U.K. and Europe. In his position there, he was a member of the Schroder Group Board of Directors.
After returning stateside in 1992, Mr. Rauch joined the DLJ office in Philadelphia where he developed a large ultra high-net-worth retail and institutional equity practice.
In 1998, he returned to management with PMG Capital as a Principal & Managing Director in charge of all research, sales and trading. Under his leadership, satellite offices were opened in New York, San Francisco and Chicago. Revenues tripled, and in 2001, PMG was acquired by Investec plc, the South African holding company. He then joined Advest in Philadelphia as a Senior V.P. overseeing the Institutional Equity Sales effort in the Mid-Atlantic region. In 2006, Merrill Lynch acquired Advest, and for the past 9 years Mr. Rauch has had a large ultra high-net-worth and smaller institutional sales practice. After a long and varied career in the securities industry, he retired in the Spring of 2016.
Merrill Lynch, West Conshohocken, PA, Senior Vice President, Global Wealth Management, 2006-2016
Advest, Inc. (Acquired by Merrill Lynch in 2006), West Conshokocken, PA, Senior Vice President, Equity Institutional Sales, 2001-2006
Pennsylvania Merchant Group, West Conshohocken, PA, Managing Director of Institutional Sales, Research, and Private Client Sales, 1998-2001
Donaldson, Lufkin & Jenrette, Philadelphia, PA, Senior Vice President, Institutional & Retail Sales, 1992-1998
Wertheim Schroder & Co., London, England, President, Schroder Securities Ltd., 1987-1992
Wertheim Schroder & Co., Philadelphia, PA, Resident Manager, Philadelphia Office, 1978-1987
White, Weld & Co., Philadelphia, PA, Resident Manager, Philadelphia Office, 1972-1978
White, Weld & Co., Philadelphia, PA, Elected Special Partner and Regional Manager, 1975
White, Weld &Co., Philadelphia, PA, First Vice President, Equity Institutional Sales for Philadelphia, Pittsburgh, Baltimore, Washington DC, 1969-1971
White, Weld &Co., New York, NY, Vice President, Investment Banking Division, New York, NY, 1965-1969, National Division, Manufacturers Hanover Trust Co., 1963-1965
Warton School, University of Pennsylvania, MBA (Finance), 1961-64
Cornell University, BA (Economics), 1957-61
The Haverford School, 1945-57
The Haverford School
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