Both Ltd. and Cie's customers were European banks. Shortly after Kaplan and staff joined Paine Webber, Albert Kaplan & Cie. was put into mothballs. In 2007 Albert Kaplan &

Co. Ltd was also put in mothballs.

Albert Kaplan, 79 years old, is retired.

Paine Webber (now Union Bank of Switzerland) recruited Albert Kaplan and staff, but Paine Webber did not acquire either Albert Kaplan & Co. Ltd. or Albert Kaplan & Cie.