M. M. Warburg & Co.
Management
- Christian OLEARIUS (speaker, partner, gp )
- Max Warburg (partner, gp )
- Henneke Lütgerath (Partner)
- Joachim OLEARIUS (Partner)
- Eckhard Fiene (Partner)
- Peter Rentrop -Schmid (Partner)
The MM Warburg & CO KGaA in Hamburg with a balance sheet total of 4181.7 million EUR one of the major private banks in Germany. The Member of the Warburg Group are represented at 20 locations in 13 German cities as well as in Switzerland ( Zurich ) and in Luxembourg.
The Bank's capital individuals are exclusively involved and the leadership of the House is in the hands of the co-owners. The oldest client relationships date back to the beginnings of the 19th century.
History
The bank was founded in 1798 by brothers Moses Marcus Warburg and Gerson Warburg.
The main business in the early days was the trading of foreign exchange and changes. Because they were Jews who were forced to leave in the 1930s, the Warburg Germany. The Loyal General Agents Rudolf Brinckmann and a business friend Johann Jacob Paul Wirtz took over in 1938 by Max Warburg Bank. The silent partnership, which continues the Warburg family at the bank, was seized at the outbreak of war. The bank had to Brinckmann, Wirtz & Co. umfirmieren. In 1946, Eric M. Warburg from the United States back to Germany. The Warburg family received their property back to the bank. 1956 Eric Warburg re-entered as a co-owner. Since 1969, the bank MM Warburg - Brinckmann was said Wirtz & Co. 1991. They took back to their original names.
Recent past
The Bank has in recent years through the acquisition of German private banks - grown - Marcard, Stein & Co in Hamburg, Bankhaus Carl F. Plump & Co. in Bremen, Bankhaus Hall Tree in Hanover and in 2003 the Berlin private bank Löbbecke. Then there are the foreign subsidiaries MM Warburg Bank ( Switzerland ) AG, Warburg Alternative Investments AG and MM Warburg & CO Luxembourg SA, as well as several investment companies.
The acquired in 2007, Degussa Bank was spun off into a separate holding company in 2011. In 2009, parts of the bank Wölbern & Co. were acquired. These included their asset management and deposit business of the bank. Since 2009, the Swabian Bank AG, headquartered in Stuttgart Warburg Banking Group.
Core business
The core business areas of the house are now private banking, asset management and investment banking. Target customers of the bank are high net worth individuals, institutional investors and corporate clients. East Capital Co cared very wealthy private clients over the family office. The assets managed by the Group was in fiscal 2011 to 38.1 billion euros.
Abroad, MM Warburg & CO is present at various locations in Luxembourg and Switzerland. The core business areas of the Luxembourg subsidiary bank, the administration of externally managed investment funds, institutional client and independent asset managers, private banking and asset management. The comprehensive private wealth management is the focus of activity in Switzerland. The investment company Warburg Invest is based in Hamburg and Luxembourg.
Head, Private Banking and Berlin offices
Since 1867, the headquarters is located in Ferdinand Straße 75 in Hamburg. Designers was the Hamburg architect Martin Haller. The Bank is also actively beside their daughters with Private Banking in Cologne, Frankfurt and Munich. Since January 2007, the Bank launched its new representative office in Behren- Palais in Berlin -Mitte. MM Warburg & CO was set up in 1926 a "Berlin office " as a contact point for the business world and the political events in the capital. The building on the Behrenstraße 36 is part of the OpernCarrée and was reconstructed conservation practice in the years 2003 to 2006. In the former headquarters of the Dresdner Bank and later home of the State Bank of the GDR is also home to the headquarters of the Bank Löbbecke.
Warburg Network
For Warburg Group members are summarized in the VIGOR subsidiary companies and the Degussa Bank mbH. The VIGOR and Degussa Bank holding company are of MM Warburg & CO KGaA close group and its subsidiary and associated companies due to their ownership structure ( GmbH & Co. ), without forming these consolidated. They are thus not part of the group. Throughout the composite approximately 2,200 employees (2011) work.
Company name and spelling
Since 1991, the Bank has reverted to its original name " MM Warburg & CO". The notation is carried out without spaces between the components before the ampersand and with two capital letters in the component after the ampersand. The detailed company is MM Warburg & CO partnership limited by shares.