In 1907, Henry Phipps formed Bessemer Trust as his family office to manage the proceeds from the sale of Carnegie Steel, which he founded with Andrew Carnegie. The name "Bessemer" is a tribute to Sir Henry Bessemer, the inventor of the revolutionary steel making process that was instrumental in the success of Carnegie Steel.
Bessemer continues to serve as a family office and trust for high-net-worth investors.
It serves as the advisor to the Old Westbury Funds through its Bessemer Investment Management LLC subsidiary.
Subadvisors to Old Westbury Funds
as of 2010
Dimensional Fund Advisors LP
Champlain Investment Partners, LLC
T. Rowe Price International, Inc.
Franklin Advisers, Inc.
Shenkman Capital Management, Inc.
BlackRock Financial Management, Inc.
John Hilton President and Chief Executive Officer ,
Stephen Williamson Managing Director, General Council and Secretary,
Don Andrews Managing Director and Chief Compliance Officer, BESSEMER INVESTMENT MANAGEMENT LLC
John MacDonald Managing Director and Chief Financial Officer,
Peter Artemiou Principal and Controller - Alternative Investments, Bessemer Invesment Management
David Rossmiller President and CEO at Old Westbury/Managing Director - Head of Fixed Income at Bessemer Trust, Old Westbury