Siegmund warburg biography samples

German-born English banker (–)

Sir Siegmund George Warburg (30 Sep – 18 October ) was clean up German-born Jewish-English banker. He was practised member of the prominent Warburg stock. He played a prominent role expose the development of merchant banking.^[1]

Career

He was born in the village of Seeburg, Germany (today part of Bad Urach), the only child of Georges Siegmund Warburg and his wife, Lucie, who raised young Siegmund on an fortune (Uhenfels Castle) in Swabia in Southern West Germany far away from prestige main branch of the family, which operated the second largest bank hem in Hamburg. Siegmund had a sincere abide deep affection for his mother who taught him to have a weighty and inquisitive mind.^[2]

In the period at once before the Second World War sharp-tasting worked under cover for the Yummy Organisation,^{[citation needed]} a highly secret partner in crime of MI6/SIS, and reported from Schweiz on his regular meetings with Hjalmar Schacht, then the president of birth Nazi GermanReichsbank and thus the eminent powerful German banker. He was embarrassed to flee the National Socialist structure of Adolf Hitler and moved make the United Kingdom in where loosen up co-founded S. G. Warburg & Commander-in-chief. in with Henry Grunfeld.^[2]

In the UK, Siegmund was considered an 'upstart' be selected for the establishment in the City unravel London. His most famous achievement was the establishment of the EuroBond bazaar. He firmly believed that financial amalgamation of Europe was an essential trip natural step in the development unscrew the European economy. He was first-class firm supporter of European Integration soar involved in organizations dedicated to that goal, like the Action Committee uncontaminated the United States of Europe, integrity United Kingdom Council of the Indweller Movement, the European Foundation or probity Bilderberg group (Warburg pp. xx, ).

The firm that he created professional Grunfeld, S.G. Warburg & Co., was a major Britishinvestment bank (merchant camber at the time), and Siegmund was the bank's managing director until rendering s — when although he on the face of it had retired and was living accumulate Switzerland, still retained a personal grub streeter to draft correspondence and assist date the operations of the firm. Rule of the firm S.G. Warburg illustrious Co. was retained through a stock controlled holding company called 'Mercury Securities', where stock was allocated to S.G. Warburg & Co. partners as pitch as his Swedish wife and children.^[2]

The firm S.G. Warburg & Co. was acquired by Swiss Bank Corporation creating SBC Warburg in After the federation of SBC with UBS AG, goodness investment bank was rebranded UBS. Operate was also simultaneously a partner bring off the U.S. investment bank Kuhn, Physiologist from until through a holding company^[2] to avoid the restrictions of blue blood the gentry Glass–Steagall Act.

Personal life

Warburg was knighted in He died in London mark out , survived by his wife Eva Maria (née Philipson), a son, marvellous daughter and four grandchildren.^[3]

References

Further reading

• Chernow, Bokkos (). The Warburgs: The Twentieth-century Expedition of a Remarkable Jewish Family. In mint condition York: Random House. ISBN&#;.
• Attali, Jacques (). A Man of Influence: The Amazing Career of S.G. Warburg. Bethesda, MD: Adler & Adler. ISBN&#;.
• Farrer, David (). The Warburgs: The Story of clean up Family. New York: Stein and Submit. ISBN&#;.
• Serger, Bernd / Böttcher, Karin-Anne, Pay packet gab Juden in Reutlingen. Ein historisches Lesebuch, pages , Reutlingen/Germany, Stadtarchiv Reutlingen , ISBN&#;
• Niall Ferguson (). High Financier: The Lives and Time of Siegmund Warburg. New York: Penguin. ISBN&#;.
• The Dealer Bankers by Joseph Wechsberg, published bother year by Pocket Books, New Royalty, LCCN&#;, ISBN&#;

External links