Eric M. Warburg

Eric M. Warburg
Historical photo of Eric M. Warburg
Born	Eric Moritz Warburg (1900-04-15)April 15, 1900 Hamburg, Germany
Died	July 9, 1990(1990-07-09) (aged 90) Hamburg, West Germany
Occupation(s)	Investment banker, businessman
Known for	founder of Warburg Pincus
Spouse	Dorothea Thorsch
Children	three

Erich Moritz Warburg (15 April 1900 – 9 July 1990) was a German and American businessman and a member of the prominent Warburg family of German-Jewish bankers.

Early life and education

Warburg was born to a Jewish family in Hamburg, Germany on April 15, 1900 His parents were Alice (née Magnus) and Max Warburg, director of M. M. Warburg & Co. and scion of the Warburg banking family.

Warburg was educated at the Heinrich Hertz-Realgymnasium in Hamburg. In 1918, he served in the German Army. In 1938, he fled Germany for the United States and during World War II, he served as a lieutenant colonel and intelligence officer in the United States Army. As a German language speaker, he interrogated many prominent Nazis including Hermann Göring.

During the war, Warburg facilitated the migration of German scientists and their families to the United States. He was later awarded the Legion of Merit by the United States, the Order of the British Empire by Great Britain, and the Croix de Guerre by France.

Career

Warburg apprenticed in the banking business in Berlin, Frankfurt, Amsterdam, London and New York City. From 1929 to 1938 he was a managing partner of M. M. Warburg & Co. in Hamburg and of Warburg & Company of Amsterdam. In 1939, he founded E.M. Warburg & Co. in New York City (which later became the private equity firm Warburg Pincus).

Warburg is most known for his efforts to strengthen German-American relations, for which he was awarded the inaugural Eric M. Warburg Prize.

Personal life

He was married to Dorothea Thorsch. They had three children: Max of Hamburg, Germany; and two daughters, Dr. Marie Warburg of Chestnut Hill, Massachusetts and Erica Warburg also of Hamburg, Germany.