Hermann Wallich

Hermann Wallich ( born December 28, 1833 in Bonn, † April 30, 1928 in Berlin) was a German banker.

Life

Wallich was from a resident in the Rhineland, Orthodox Jewish merchant family. His father Joseph ran a trade skins. After completing a bank apprenticeship in Cologne in 1854 Wallich worked for fifteen years for various French banks, most recently as head of the Shanghai branch of the Comptoir d' Escompte.

1870 Wallich was appointed on the recommendation of Ludwig Bamberger to the board of newly founded Deutsche Bank. In the following decades, the German bank ' ( later Max Steinthals and Rudolph Koch ) developed under the direction Wallichs and Georg Siemens one of the major banks in Germany. Wallich was in particular responsible for the expansion of deposits and foreign business while Siemens mainly operated the industry funding.

Siemens ' Biograph Karl Helfferich described the importance Wallichs for the German bank as follows:

"In whom the German bank received from the outset of their allerwertvollsten forces. His absolute mastery ... of overseas business, its great commercial experience, his penetrating mind and always be calm balanced judgment - all these qualities have helped make the German bank to what it is today. Wallich was given the supplement for Siemens, whose power in the first place ... was the conception generous businesses. "

1894 moved Wallich by the Board to the Supervisory Board of Deutsche Bank, whose member he remained until his death.

1875 married Hermann Wallich Anna Jacoby. The couple had daughter Ilse (* 1880), who married the lawyer and later president of the German and Prussian Cities, Oskar Mulert ( 1881-1951 ), and the son of Paul Wallich ( 1882-1938 ), who was also working as a banker. Wallich was baptized Lutheran, his children, to facilitate their assimilation; he himself did not convert. 1877 joined the Society of Friends at Wallich. In 1878 he inherited from his father Moritz Jacoby Villa Schoningen in Potsdam, a 1843 by architect Ludwig Persius built neoclassical residential building, which is part of the Berlin- Potsdamer UNESCO World Heritage Site today.

Wallichs grandson left during the time of National Socialism in Germany, including Henry C. Wallich (1914-1988), who later became Professor of Economics at Yale University was and is a standard work on the German economic miracle of the 1950s wrote ("The Main Springs of the German Revival ").