Schroder, Munchmeyer, Hengst & Co.

Schröder, Münchmeyer, Hengst & Co., short SMH Bank, was a German private bank based in Hamburg.

The SMH Bank in 1969 was brothers emerged from the merger of banks Schröder & Co. and Münch Meyer & Co. in Hamburg and Friedrich Hengst & Co. (formerly Bank Siegmund Untermerzbach ) in Offenbach.

Alwin münchmeyer the Younger, the Hamburg banker and longtime personally liable partners, was from 1968 to 1975 Chairman of the Association of German Banks.

The Hamburg-based private bank was in 1983 under the direction of later convicted Ferdinand Graf von Galen after ruptured loans amounting to DM 900 million, eight times the equity to which also condemned construction equipment dealers Horst -Dieter Esch and whose firm IBH Holding the verge of insolvency. 20 German banks took in November 1983 together a bailout of the private bank, broke from the management and replaced it with an advisory board of the banks. On December 11, In 1983, with the exception of the liabilities to the IBH -Holding, the British bank Lloyds private banking house.

In 1997 it was acquired by the Swiss bank UBS and changed its legal form to a joint stock company. The Swiss are concentrated in Germany on the wealthy private clients and investment banking.

In 2001, the bank was renamed AG initially in UBS Private Banking AG Germany, then in UBS Wealth Management AG and UBS later in Germany and the name Schröder, münchmeyer, stallion disappeared from the German banking landscape.