COMPANYHISTORIES
NAIC 52591

Open-End Investment Funds

How the companies in this industry began, and the forces that shaped them.

12companies1812–1976founding years12still active0no longer operating
§ 01

The industry over time

Companies foundedEconomyTechnologyEnvironmentHistory
FoundedCitigroup Inc.
1812
FoundedThe Bank of Nova Scotia
1832
FoundedAustralia and New Zealand Banking Group Limited
1835
FoundedCredit Suisse Group
1856
FoundedHVB Group
1869
1903
TechnologyThe Wright brothers achieve powered flight.
FoundedUBS AG
1912
1914
EconomyWorld War I begins; global trade reorders.
FoundedSerco Group plc
1929
1939
EconomyWorld War II begins; wartime production surges.
1945
EconomyThe war ends; a long global expansion begins.
1947
TechnologyThe transistor is invented.
FoundedFirst Albany Companies Inc.
1953
1958
TechnologyThe integrated circuit is demonstrated.
FoundedCanadian Imperial Bank of Commerce
1961
1962
EnvironmentSilent Spring launches the modern environmental movement.
FoundedThe Ziegler Companies, Inc.
1971
FoundedSoros Fund Management LLC
1973
1975
TechnologyThe personal-computer era begins.
FoundedGabelli Asset Management Inc.
1976
1981
TechnologyThe IBM PC launches and sets a standard.
1984
TechnologyApple ships the Macintosh; the GUI era begins.
1989
HistoryThe Berlin Wall falls; global markets open up.
1991
TechnologyThe World Wide Web is released to the public.
1993
TechnologyThe Mosaic browser brings the web to everyone.
1995
TechnologyWindows 95 launches; the internet goes mainstream.
1997
EnvironmentThe Kyoto Protocol sets the first climate targets.
2004
TechnologySocial media and Web 2.0 take hold.
2007
TechnologyThe iPhone launches the smartphone era.
2010
TechnologyCloud computing goes mainstream for business.
2015
EnvironmentThe Paris Agreement sets global climate targets.
2020
EconomyThe COVID-19 pandemic upends the global economy.
2022
EconomyInflation spikes; central banks raise rates sharply.
2023
TechnologyGenerative AI reaches mainstream business use.
§ 02

The companies

Citigroup Inc. →
Active · founded 1812
The largest financial services company in the world, with assets in excess of $1 trillion, Citigroup Inc.
The Bank of Nova Scotia →
Active · founded 1832 · Canada
The Bank of Nova Scotia, the second oldest bank in Canada, was the second largest Canadian bank in 2003 in term of…
Australia and New Zealand Banking Group Limited →
Active · founded 1835 · Australia
Australia and New Zealand Banking Group Limited (ANZ) is the second largest of the "Big Four" banks in Australia,…
Credit Suisse Group →
Active · founded 1856 · Switzerland
Credit Suisse Group, which began as a commercial bank in 1856, at a time when Switzerland was first embracing the…
HVB Group →
Active · founded 1869 · Germany
Early 1920s:BV allies itself with Bayerische Handelsbank AG.
UBS AG →
Active · founded 1912 · Switzerland
UBS AG was formed from the 1998 megamerger of Swiss Bank Corporation and Union Bank of Switzerland.
Serco Group plc →
Active · founded 1929 · United Kingdom
Serco Group plc provides facilities management and other engineering services for a variety of governmental and…
First Albany Companies Inc. →
Active · founded 1953
First Albany Companies Inc., acting through its subsidiaries, conducts a full-service investment banking and brokerage…
Canadian Imperial Bank of Commerce →
Active · founded 1961 · Canada
The Canadian Imperial Bank of Commerce (CIBC) is Canada's third largest bank, trailing only Royal Bank of Canada and…
The Ziegler Companies, Inc. →
Active · founded 1971
The Ziegler Companies, Inc.
Soros Fund Management LLC →
Active · founded 1973
Soros Fund Management LLC runs a group of pools of money, called hedge funds, that trade in an array of financial…
Gabelli Asset Management Inc. →
Active · founded 1976
Gabelli Asset Management Inc.
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