M. M. Warburg & CO
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M. M. Warburg & CO | |
Type | Limited partnership |
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Founded | 1798 |
Headquarters | Hamburg, Germany |
Key people | Dr. Christian Olearius, Spokesman Max Warburg Hans-Detlef Bösel Harald Boberg |
Products | Private Banking Asset Management Investment Banking |
Employees | 1200 |
Website | www.mmwarburg.net |
M. M. Warburg & CO KGaA is a large German private and investment bank in Hamburg, Germany. It was founded in 1798 by the brothers Moses Marcus and Gerson Warburg.
Today, the firm's core business is in private banking, asset management and investment banking.
For over 200 years the company has been held only in private hands. Its independence enables the bank to make decisions free from conflict of interests.
Two partners liable to unlimited extent and two other partners manage the business. The "CO" in the name, written with two capital letters, stands also for one of the partners liable to unlimited extent, Dr. Christian Olearius.
During the last years the bank has grown through a large number of acquisitions. It bought several German private banks such as Marcard, Stein & Co. in Hamburg, Carl F. Plump & Co. in Bremen, Bankhaus Halbaum & Co. in Hannover and Loebbecke & Co. in Berlin. Furthermore there are the foreign subsidiaries M. M. Warburg Bank (Switzerland) AG and M. M. Warburg Luxembourg S.A. as well as various mutual funds, real estate companies and a shipping issuing house.
The bank has offices at Cologne, Berlin and Frankfurt.