History & Heritage
Ord said to Minnett, 'You're going to lose me as a client. Minnett asked, 'Have I done something wrong?' to which Ord replied, 'No, it's just that I'm starting my own business and I'd like you to join me.'
And so, 'Charles A Ord & Minnett' was formed in 1951.
History & Heritage
A PROUD HERITAGE OF EXCELLENCE
Founded in 1951 by Charles Ord and Jack Minnett after meeting in the Australian Imperial Force in the Second World War, Ords has grown via strategic mergers and acquisitions of Australian financial firms with corporate origins dating back to 1872. Focused on service excellence, Ord Minnett is a highly respected name in the Australian investment landscape.
ord & Minnett
Charles Ord & Jack Minnett
A wartime meeting of minds
'Charles Ord was larger than life with big-picture ideas, a really boisterous sort of guy' .... 'Jack Minnett was a charming and elegant man, just about the opposite to Charles Ord'
And so it was that Charles A Ord & Minnett was formed in 1951. Over the decades its name would change many times before once more becoming Ord Minnett, the name by which it is still known today.
Timeline of 150 Years
1870 - 1940
- 1871 - Sydney Stock Exchange formed
- 1872 - TJ Thompson & Partners formed
- 1882 - Hobart Stock Exchange starts trading
- 1884 - Brisbane and Melbourne Stock Exchanges formed
- 1885 - The Broken Hill Proprietary Company lists
- 1887 - Stock Exchange of Adelaide's first meeting
- 1889 - The Stock Exchange of Perth opens its doors
1950 - 1960
- 1951 - Charles A Ord & Minnett partnership registered
- 1953 - Michael Gleeson-White joins Ords
- 1959 - Auction-based 'call' trading is replaced by the 'post' system on the SSX
- 1960 - Sydney Futures Exchange starts trading as the Sydney Greasy Wool Futures Exchange
- 1960 - Ords acquires AW Harvey, Lowe & Co, Gilles Kryger joins Ords
1960 - 1980
- 1961 - Darling & Co merchant bank formed
- 1962 - Three-letter codes for stocks introduced
- 1964 - Ord Minnett merges with TJ Thompson & Sons to form Ord Minnett, TJ Thompson & Partners
- 1969 - Ord Minnett joins forces with Bankers Trust to form Ord-BT merchant bank
- 1972 - Ord Minnett parts company with Ord-BT
- 1975 - Jean Gordan first female member of the Sydney Stock Exchange
- 1978 - First trading of gold futures on SFE
1980 - 1990
- 1984 - Deregulation of the securities industry, Westpac buys 50% of Ords moving to 100% in 1987
- 1987 - Westpac moves to 100% of Ord Minnett
- 1987 - Computerised stock trading introduced on the ASX
- 1987 - Black Monday crash
- 1988 - Ords divides into Ord Minnett (retail) and Ord Minnett Securities (institutional)
1990 - 2000
- 1993 - Westpac sells out of Ords. Staff own 50% and Jardine Fleming Australia owns 50%
- 2000 - Tech Wreck
2000 - 2020
- 2001 - Ord Minnett known as JP Morgan Group
- 2002 - Merged with Dicksons and the Ord Minnett name was relaunched
- 2007 - GFC begins
- 2008 - AWM becomes 70% owner of Ords (AWM later became IOOF)
- 2019 - Management-led buyout of Ord Minnett led by Karl Morris
- 2020 - COVID-19 sweeps the world, stocks plummet
- 2020 - Ord Minnett acquires E.L. & C. Baillieu
Proud Heritage & History
Ord Minnett has been a part of the Australian stockbroking industry since the 1800s. Founded by Charles Ord and Jack Minnett with corporate origins dating back to 1872.
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'Building Wealth for Generations'
150 years +
Proud History & Heritage
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