Nelson Leighton "Pete" Bond Jr., business owner, dies

Former Alex. Brown executive founded medical equipment services business

  • Nelson Bond Jr.
Nelson Bond Jr.
February 17, 2011|By Frederick N. Rasmussen, The Baltimore Sun

Nelson Leighton "Pete" Bond Jr., a former Alex. Brown & Sons investment executive and business owner, died Monday of complications from diabetes at Good Samaritan Hospital. He was 75.

Mr. Bond, whose father was executive vice president of McGraw Hill Publishing Co. and president of McGraw Hill International and whose mother was a homemaker, was born in Montclair, N.J., and raised in Essex Fells, N.J.

After graduating from Montclair High School in 1953, he earned a bachelor's degree in history in 1957 from Lehigh University.

He served as an Army intelligence officer stationed at Fort Bragg, N.C., from 1957 to 1959, and then earned a master's degree in business in 1966 from Harvard Business School.

Mr. Bond began his investment career with McKinsey & Co. in New York City. He subsequently worked for Faulkner, Dawkins and Sullivan and Drexel, Harriman & Ripley before joining Alex. Brown & Sons in 1971, where he headed the firm's institutional department.

In 1975, he left Alex. Brown when he founded Blood Pressure Testing Inc., a medical equipment services business, and also owned and operated a consulting firm. He retired from both businesses because of failing health in 2006.

The longtime Caves Road resident was an avid Civil War and World War II buff and collector of first-edition books. He enjoyed playing golf and was a member of the Green Spring Valley Hunt Club.

Mr. Bond was a communicant of St. Thomas Episcopal Church, 232 St. Thomas Lane, Owings Mills, where a memorial service will be held at 3:30 p.m. Saturday.

Surviving are his wife of 28 years, the former Gwendolen Gorman; two sons, Nelson L. Bond III of Hazelton, Pa., and Trevor P. Bond of Short Hills, N.J.; three daughters, Betsy B. Brennen and Susan B. Kearney, both of Owings Mills, and Sally L. Bond of Chapel Hill, N.C.; a stepson, Timothy W. Burdette of Baltimore; a stepdaughter, Shari B. Tompkins of Owings Mills; and 12 grandchildren. An earlier marriage to Susan P. McDonald ended in divorce.

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