...dates back to 1896, a time of strong investment interest in Western Australia associated with one of the world's major gold discoveries, the so-called Golden Mile at Kalgoorlie, east of Perth.
Donald J. Carmichael, of Scottish origin, emigrated to Western Australia from Dunedin in New Zealand and in 1896 established his firm in Kalgoorlie. He also acted as the representative of S.C. Ward & Co, the leading Adelaide stockbroker of the era.
His business success led to expansion and the eventual takeover of the Perth offices of S.C. Ward & Co in 1915. Often described as the "Canny Old Scot" Carmichael held the position of Chairman of the Perth Stock Exchange from 1913 to 1928 and remained active in the business until his death in 1942.
The changing of the guard following Carmichael's death resulted in the establishment of a partnership between Lex Lamb, who joined the firm in 1915 and George Maloney who started as an office boy in 1910. Lex Lamb was noted for his "rod of iron" chairmanship of the Perth Stock Exchange for 22 years while George and his brother Jim were considered two of the more prominent stockbrokers of their time in Western Australia.
Following the retirement of Lex Lamb in 1963, Don Maloney (son of George) took over the reins of D.J. Carmichael. Don was to lead the firm for over 3 decades, including the hectic days of the nickel boom of 1969-1971 and the "crash" of 1987. During Don's stewardship, the industry saw many changes from the days of hand written ledgers and "call room" trading through to the sophisticated computerisation of all facets of the business in the 1990s.
As one of Western Australia's oldest brokerage houses, the Carmichael name has a century long history of providing professional service to its clients. This tradition continues as the Company sets itself to meet the challenges of the 21st century and its second 100 years.
Today, in what is a truly global business and financial environment, D.J. Carmichael is highly sophisticated with real-time access to the latest worldwide business, financial and commodity trends, computerised trading, electronic settlement and registration and a state of the art client information and reporting system. Coupled with the latest development in online settlement facilities, D.J. Carmichael is positioned to provide the highest level of service and investment advice to its institutional, private and corporate clients, both locally and overseas.