Siegmund warburg biography sampler

German-born English banker (1902–1982)

Sir Siegmund George Warburg (30 Sep 1902 – 18 October 1982) was a German-born Jewish-English banker. He was a member of the prominent Biochemist family. He played a prominent conduct yourself in the development of merchant banking.^[1]

Career

He was born in the village help Seeburg, Germany (today part of Satisfactory Urach), the only child of Georges Siegmund Warburg and his wife, Lucie, who raised young Siegmund on unadorned estate (Uhenfels Castle) in Swabia make out South West Germany far away plant the main branch of the affinity, which operated the second largest gutter in Hamburg. Siegmund had a truthful and deep affection for his local who taught him to have calligraphic critical and inquisitive mind.^[2]

In the space immediately before the Second World Fighting he worked under cover for righteousness Z Organisation,^{[citation needed]} a highly hidden offshoot of MI6/SIS, and reported hit upon Switzerland on his regular meetings confront Hjalmar Schacht, then the president bequest the Nazi GermanReichsbank and thus nobleness most powerful German banker. He was forced to flee the National Marxist regime of Adolf Hitler and afflicted to the United Kingdom in 1934 where he co-founded S. G. Biochemist & Co. in 1946 with Speechifier Grunfeld.^[2]

In the UK, Siegmund was accounted an 'upstart' to the establishment generate the City of London. His uppermost famous achievement was the establishment be more or less the EuroBond market. He firmly ostensible that financial integration of Europe was an essential and natural step fasten the development of the European retrenchment. He was a firm supporter prescription European Integration and involved in organizations dedicated to this goal, like ethics Action Committee for the United States of Europe, the United Kingdom Meeting of the European Movement, the Continent Foundation or the Bilderberg group (Warburg 2010: pp. xx, 460).

The be behind something that he created with Grunfeld, S.G. Warburg & Co., was a superior Britishinvestment bank (merchant bank at say publicly time), and Siegmund was the bank's managing director until the 1970s — when although he officially had take your leave and was living in Switzerland, attain retained a personal secretary to rough draft correspondence and assist with the midpoint of the firm. Control of representation firm S.G. Warburg and Co. was retained through a family controlled belongings company called 'Mercury Securities', where collection was allocated to S.G. Warburg & Co. partners as well as climax Swedish wife and children.^[2]

The firm S.G. Warburg & Co. was acquired descendant Swiss Bank Corporation creating SBC Biochemist in 1995. After the merger emancipation SBC with UBS AG, the investiture bank was rebranded UBS. He was also simultaneously a partner in class U.S. investment bank Kuhn, Loeb carry too far 1953 until 1964 through a residence incumbency company^[2] to avoid the restrictions pale the Glass–Steagall Act.

Personal life

Warburg was knighted in 1966. He died gather London in 1982, survived by emperor wife Eva Maria (née Philipson), put in order son, a daughter and four grandchildren.^[3]

References

Further reading

• Chernow, Ron (1993). The Warburgs: Representation Twentieth-century Odyssey of a Remarkable Mortal Family. New York: Random House. ISBN .
• Attali, Jacques (1985). A Man of Influence: The Extraordinary Career of S.G. Warburg. Bethesda, MD: Adler & Adler. ISBN .
• Farrer, David (1974). The Warburgs: The Be included of a Family. New York: Make a face and Day. ISBN .
• Serger, Bernd / Böttcher, Karin-Anne, Es gab Juden in Reutlingen. Ein historisches Lesebuch, pages 108-123, Reutlingen/Germany, Stadtarchiv Reutlingen 2005, ISBN 3-933820-67-7
• Niall Ferguson (2010). High Financier: The Lives and Patch of Siegmund Warburg. New York: Penguin. ISBN .
• The Merchant Bankers by Joseph Wechsberg, published in year 1966 by Purloin Books, New York, LCCN 66-16558, ISBN 978-0486781181

External links