John MacGregor Blewer died April 7, 1991, in Salt Lake City.
Born November 18, 1930, to Julia and Francis Blewer of New York City, he attended St. Bernard's School and Phillips Exeter Academy. In 1952 he graduated from Princeton with a degree in Near Eastern Studies, having spent his junior year at the American University in Cairo. In 1955, he graduated Yale Law School. He lived in Tokyo 1955-58 while serving in the U.S. Army Counterintelligence Corps and upon his return joined Davis, Polk et al as Associate. There he worked with Nikko Securities on the establishment of the Japan Fund, the first mutual fund with assets exclusively in Japanese securities. In 1962 when he joined Nikko Securities as Resident Agent, he became the first American officer of a Japanese investment house. While at Nikko he helped market the first issues of Honda and Tokyo Marine placed inside the U.S.In 1963, when the Interest Equalization Tax undermined the development in the U.S. of capital markets for Japanese firms he arranged their marketing on the Eurodollar market. In 1964, he left to join Loomis, Sayles & Co., becoming director of its Canadian and International Fund. He received an MBA from New York University in 1965 and in 1968, he joined the investment counseling firm of J.M. Hartwell. In 1969, he formed his own investment counseling firm of John M. Blewer, Inc. The firm pioneered the global perspective for its clients maintaining strong investments in the Pacific Rim. In 1986, he sold John M. Blewer, Inc. to Financiere Credit Suisse-First Boston as an independent subsidiary maintaining control of client accounts.
In 1988 he dissolved his association with Credit Suisse and moved to Salt Lake City. Here he formed Pacific American Investors, Inc., an investment counseling firm, and organized an alumni society for Phillips' Exeter Academy. He was a member of the Japan Society, the St. Andrew's Society, and the Union Club. He served on the advisory board of the International Institute of Applied Systems Analysis in Laxenburg, Austria, a multinational scientific organization, and on the President's Council on Near Eastern Studies at New York University. He was an avid skier, reader of history, and lover of Germany music.
He is survived by: Four daughters, Cecilia, Evelyn, Victoria and Julia; a son by his second marriage, MacGregor; a grandson, Theodore Young; a sister, Patricia Phillips, Fairfield, Connecticut; a former wife, Sondra; and a friend, Marilynn Roskelley and her children, Amy and Mark.
The funeral services will be held in Salt Lake City, at noon on Wednesday, April 10, at Wasatch Presbyterian Church with a memorial service in New York at a later date. In lieu of flowers, donations to Defenders of Wildlife, 1244 19th Street NW, Washington DC 20036 or American University in Cairo, 866 United Nations Plaza, Suite 517, New York, N.Y. 10017.
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