Siegmund George Warburg

Sir Siegmund Warburg George ( born September 30, 1902 in Seeburg, † 1982 in London) was a European banker German origin from the Hamburg banker Warburg family who is active with the private bank MM Warburg, founded in 1798 & CO today.

Life

Siegmund Warburg was the son of George and Lucie Warburg ( now a district of Bad Urach ) in Reutlingen, in the Kingdom of Württemberg was born in Seeburg. The father ran there the manor Uhenfels as model farm. Siegmund Warburg attended secondary school in Reutlingen and then moved to the Tübingen Seminary, where he received a humanistic education. 1923 died the father, and Lucie Warburg managed the estate. Siegmund Warburg made ​​after school hours as a bank clerk with his uncle Max Warburg in Hamburg and continued his training with Rothschild in London. 1934, a year after the "seizure of power " Hitler, Warburg left Germany forever. He went to London, where he founded his first bank, the " New trading company ," the predecessor of 1946 renamed SG Warburg & Co.

After Kristallnacht in 1938, Lucie Warburg emigrated to London, the estate was Uhenfels by the Nazis " arisiert " and went for 150,000 Reichsmarks to the community Trailfingen.

During the war, Warburg worked for British intelligence. He was much talked about in business with unconventional ideas. So he issued in 1963, the first euro bond issue or he cared for the hostile takeover of British Aluminium by the U.S. company Reynolds Metals in the 1950s.

Siegmund G. Warburg leaned partly vehemently against the nepotistic recruitment approach other businesses in London. He preferred selection criteria such as " character, independent thinking, intelligence, conscientiousness, interpersonal skills (not social background) as well as courage and common sense ", but warned against " arrogance, self-adulation, neglect, poor writing style and bureaucracy ".

Shortly before his death in 1982, said the 1966 "Sir" ennobled Warburg in one of his few interviews: "I repeat it again: Every day I 'm afraid to be part of the establishment. Success quickly leads to complacency and mediocrity. "

1995 S. G. was Warburg Plc. taken over by the former Swiss Bank Corporation (SBC ). This changed their name to " SBC Warburg - A Division of Swiss Bank Corporation " and integrated it as corporate investment banking department in your own company. The name " Warburg " was further used first by the SBV and after the merger with the former Union Bank of Switzerland (UBS ), of UBS as a brand name for the company's investment banking division. In June 2003, the name was definitely under favor of a uniform brand identity of UBS.