Morgan, Grenfell & Co. was a leading London-based investment bank regarded as one of the oldest and once most influential British merchant banks.
[edit] History
The bank was founded by the American George Peabody in 1838 as the UK branch of his US bank which subsequently became known as J.P. Morgan & Co.[1] In 1904, Edward Grenfell was made a partner in the firm, and, in 1909, it underwent a change of name to become Morgan, Grenfell and Company. It played a key role in reconstructing Europe in the 1920's and had an extremely effective corporate finance department.[1] J.P. Morgan & Co. divested 33% of its shares in Morgan Grenfell in 1933 and all the remaining shares in 1982.[2]
In 1990 Morgan Grenfell was acquired by Deutsche Bank for $1.48 billion and was renamed Deutsche Morgan Grenfell [2] until 1999 when the use of the Morgan Grenfell name was discontinued by Deutsche Bank.[3]
[edit] Notable current and former employees
[edit] Business
- Lord Bicester, former Chairman of Yule Catto & Co.
- Lord Catto, former Governor of the Bank of England
- Sir John Craven, Non-Executive Director, Reuters
- Nicola Horlick, Founder of Bramdean Asset Management
- James Murren, President, Chairman of the Board and Chief Executive Officer, MGM Resorts International
- Christopher Reginald Reeves, Group Chief Executive, Morgan Grenfell ; Chairman Merrill Lynch EMEA (Europe, Middle East & Africa)
- Ian Wace, Founder of Marshall Wace Asset Management
- Bob Wigley, Former Chairman, Merrill Lynch Europe, Middle East & Africa
[edit] Politics
[edit] References
[edit] Further reading
- Kathleen Burk, Morgan Grenfell 1838-1988: The Biography of a Merchant Bank, Clarendon Press, 1989 ISBN 978-0198283065
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