Merck Finck Privatbankiers

Description

The private bank Merck Finck Privatbankiers AG, founded in 1870, is based in Munich and is also represented nationwide with a total of 16 locations. Since 2011, it has been a subsidiary of the Luxembourg bank KBL European Private Bankers , which was renamed Quintet Private Bank in January 2020.

Merck Finck was founded under the company Merck, Christian & Co. on 1 July 1870 by Adolf Karl Ludwig Christian and banker Heinrich Johann Merck. Other limited partners were the Darmstater Bank forerunner of the Danatbank and the entrepreneur Theodor von Cramer-Klett. By 1879, together with his brother August, who replaced the departing general Christian, the previous authorized representative Wilhelm von Finck already held a large part of the bank assets. As part of these changes, the bank was renamed Merck, Finck & Co.
The core business of the bank was corporate financing and issuing corporate bonds. The bank was involved in the founding of companies such as the Süddeutsche Bodencreditbank AG , the brewery Bürgerliches Brauhaus München , the Isarwerke GmbH and the Münchener Trambahn-AG. In 1890, Merck Finck subscribed for almost 40% of the share capital of Allianz Versicherungs-AG. As a representative of the bank, Wilhelm Finck often took on a supervisory board mandate with the shareholdings and thus brought his economic expertise to a wide variety of companies.

Source

Source: Wikipedia.org

Copyright: Creative Commons 3.0

More information

DE | | Public | German

Contact information

Address: München, Germany

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