History
The firm's earliest predecessor, Robertson, Colman & Siebel was founded in 1969 by Sandy Robertson, Robert Colman and Ken Siebel. In 1971, Thomas Weisel, who would later found Montgomery Securities and Thomas Weisel Partners, joined the firm, which was renamed Robertson, Colman, Siebel & Weisel.
In 1978, Thom Weisel, the junior partner pulled off what was described later as a "mutiny" of the firm. Weisel became chief executive of the firm and prompted the departure of Robertson and Colman. Weisel changed the name of the original firm to Montgomery Securities.
Robertson left the firm in October 1978 and founded Robertson, Colman, Stephens & Woodman along with partners Robert Colman and Dean Woodman and many of the firm's leading bankers. The name of the firm was shorted to Robertson Stephens & Company in 1989. Robertson Stephens and Montgomery Securities would remain fierce rivals for two decades.
Read more about this topic: Robertson Stephens
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