M. M. Warburg & Co.
|Limited partnership with share capital (KGaA)|
Number of employees
|1,230 (Warburg Banking Group)|
M.M.Warburg & CO (AG & Co.) KGaA is a German independent private bank, located in Hamburg, Germany. A family-owned bank, it was founded in 1798 by brothers Moses Marcus Warburg and Gerson Warburg, two members of the Warburg family. The Warburg family still owns the bank, continuing a more than 200-year legacy of private ownership.
Among many notable Warburg descendants was Siegmund Warburg, who founded S. G. Warburg & Co. in London, in 1946, after fleeing Germany to escape the Nazis. The bank rose to become one of most powerful investment banks in the City during the 60s, 70s, and 80s and Warburg himself one of London's most preeminent and influential financiers of the era. The London subsidiary was sold to Swiss Bank Corporation in 1995 and is today a part UBS. Some descendants immigrated to the United States, for business reasons and to escape the persecution, and established themselves there. They include banker Paul Warburg and his nephew Eric M. Warburg, founder of Warburg Pincus.
During the last years, the bank has grown through many acquisitions. It bought several German private banks such as Marcard, Stein & Co. in Hamburg, Carl F. Plump & Co. in Bremen, Bankhaus Hallbaum & Co. in Hannover and Loebbecke & Co. in Berlin. Furthermore, there are the foreign subsidiaries M. M. Warburg Bank (Switzerland) AG and M. M. Warburg Luxembourg S.A., as well as various mutual funds. Since 2009 the Schwäbischen Bank AG in Stuttgart is part of the Warburg bank group.
The bank's headquarters are located at Ferdinandstraße 75 in Hamburg, with additional offices in Frankfurt, Berlin, Munich and Cologne. The bank also maintains several offices in Zurich and Luxembourg.
Works about M.M.Warburg & CO
- Klessmann, Eckart (2004). M. M. Warburg & CO 1798—1998: Die Geschichte des Bankhauses. Hamburg: Dölling und Galitz. ISBN 3-933374-27-8.
- Wechsberg, Joseph (1966). The Merchant Bankers. Boston: Little, Brown.
- Rosenbaum, Eduard (1979). M. M. Warburg & CO, Merchant Bankers of Hamburg; A Survey of the First 140 years, 1798 to 1938. London: Hurst. ISBN 0-905838-07-6.
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