38:
47:
1155:
478:, the bank Merck, Finck & Co. was completely paralyzed in post-war times, not least because of the involvement of the owners and senior executives in Nazi economic policy. It was not until 1949 that Merck Finck & Co. was able to resume business operations in the newly constructed bank building. The bank was now heavily involved in the securities industry. Through this and the support of
796:
has conspicuously often mediated winners of large sums of money to the bank in order to invest the money over the long term. The article argues that lottery winners have often received poor advice and that asset classes such as ship funds and open-ended real estate funds have often led to losses.
800:
In April 2014, the bank was convicted in one case because of falsely advising lottery winners. A married couple had won more than €6 million from
Westlotto and invested them with Merck Finck & Co. The bank persuaded the couple to invest in so-called closed-end funds, which turned out to be
559:, which is backed by private individuals in Qatar. These belong to the family Al-Thani, which has shaped the political events of Qatar for about 200 years. The purchase was completed in July 2012. The Quintet Group also includes Brown Shipley & Co in the UK and InsingerGilissen in the
505:
Bank Plc in
October 1990. Due to tax reforms of the previous years undisclosed reserves that had been built up over generations were used up. In order to pay the taxes due, even parts of the over 100-year-old stock portfolio had been sold. The Barclays branches in
518:
changed their name and became branches of Merck Finck & Co. However, as the broad retail banking of the new parent company was incompatible with private banking, which was firmly established in the bank, Barclays Bank sold Merck Finck in 1999 to
754:
Merck Finck has created a foundation to engage with clients for selected promotional purposes. The aim of the foundation is to support society in
Germany in the further development of important future fields. The focus is on these topics:
369:
The death of
William von Finck and the take over of the banking business by his son ushered in a new era. Merck Finck & Co. made a major contribution to the founding of aircraft construction and air traffic companies: with
486:. Together with the family of steel industrialist Fritz von Waldthausen, the banking house Waldthausen & Co. was founded in 1954. Merck Finck & Co. took over the business of the banking house Alwin Steffan from
1213:
690:
The bank is represented at 10 locations throughout
Germany. In addition to the parent company in Munich, private bankers are present in a broad network throughout the republic.
482:
and later
Wilhelm Winterstein August von Finck senior managed to re-enter the banking market. In the following years, the bank expanded by founding new branches outside of
965:
555:
On
October 10, 2011, it was announced that the Belgian KBC Group is selling its KBL European Private Bankers division for €1.05 billion to a Luxembourg holding called
549:
328:
His work was honored in 1905 with the appointment to the
Imperial Council of the Crown of Bavaria. This brought the family also the elevation to the hereditary
909:
682:
Merck Finck is wholly owned by the
European private banking group Quintet, which in turn is owned by private investors through the Precision Capital holding.
580:
In
January 2020, KBL European Private Bank changed its name to Quintet Private Bank and Merck Finck has since carried the addition "A Quintet Private Bank".
363:
847:
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The offer ranges from strategic asset planning and asset management to advice on asset and company succession, family office and foundation consultancy.
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262:
on 1 July 1870 by Adolf Karl Ludwig Christian and banker Heinrich Johann Merck. Other limited partners were the Darmstater Bank forerunner of the
423:) close ties to Nazi regime, the bank took part in numerous hostile overtaking of Jewish owned companies all across Germany and annexed Austria.
1169:
352:
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Another turning point was the death of Wilhelm von Finck in 1924. His share of the bank of nearly 100% was shared equally between his son
655:
This Luxembourg parent Quintet Private Bank enables the bank to initiate and conduct cross-border transactions throughout the euro area.
471:
the remaining values were given back to Louis Nathaniel von Rothschild, but he renounced the rebuilding of the bank S. M. v. Rothschild.
583:
In December 2020, Merck Finck Privatbankiers AG was integrated into the parent company, the European Quintet Private Bank (Europe) S.A.
463:" by the newly founded bank E. v. Nicolai in Vienna; here Merck, Finck & Co. was involved with 71% and the German industrial bank (
1111:
649:
The main focus of business activity is the consulting and management of large assets with a private or entrepreneurial background.
270:. By 1879, together with his brother August, who replaced the departing general Christian, the previous authorized representative
973:
355:
also prevented further expansion. Despite falling revenues, the bank was able to continue its operations without external help.
404:
imposed further restrictions on banking from 1929 onwards. Nevertheless, it was possible to participate in businesses like the
242:
and is also represented nationwide with a total of 10 locations. Since 2011, it has been a subsidiary of the Luxembourg bank
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552:(CSSF) refused to approve the sale. Thus, Merck Finck remained in the possession of the Belgian financial group KBC.
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530:'s German private banking unit. In 2005, the private banking business of Westfalenbank AG was acquired.
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until 1931. From July 1938 it was provisionally administered by Merck, Finck & Co.. In 1940 it was "
427:
was one of many privately held companies forced to be sold to Hitler's entrepreneurs in the process of
619:
2015–2016 Michael Krume, Thilo H. Wendenburg, Georg Freiherr von Boeselager, Udo Kröger, Joachim Gorny
602:
596:
548:
for €1.35 billion. However, on 16 March 2011 it became known that the Luxembourg financial regulator
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already held a large part of the bank assets. As part of these changes, the bank was renamed
797:
Westlotto denies that the employee would have had financial benefits from the negotiations.
401:
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186:
494:, to which it had longstanding connections, with the death of the senior partner in 1963.
336:
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563:. On 1 September 2016, the private bank Merck Finck & Co changed its legal form, the
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announced that it would take over the KBL European Private Bankers division from the
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established a false counsel and sentenced the bank to pay €510,000 to the couple.
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interrupted the upswing. The capital market was heavily regulated. The period of
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uncertain, so that the couple lost a large part of the lottery prize. The
737:
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310:. In 1890, Merck Finck subscribed for almost 40% of the share capital of
325:
and thus brought his economic expertise to a wide variety of companies.
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After a period between state influence and free enterprise under the
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since 2018 Matthias Schellenberg, Michael Krume, Olivier Kuetgens
317:. As a representative of the bank, Wilhelm Finck often took on a
286:. The bank was involved in the founding of companies such as the
1085:
Dahlkamp, Jürgen; Latsch, Gunther; Schmitt, Jörg (26 May 2014).
442:
in 1938, Merck, Finck & Co. took the opportunity to acquire
378:
340:
848:"Die Firmengeschichte von Merck Finck & Co, Privatbankiers"
792:
reported in May 2014 that the adviser for large winners of the
497:
Surprisingly August von Finck junior sold the bank for about
1142:
221:
966:"Privatbank Merck Finck geht im zweiten Anlauf nach Katar"
616:
2010–2015 Michael Krume and Georg Freiherr von Boeselager
449:. This highly renowned Austrian private bank, owned by
640:
since January 2023: Michael Savenay, CEO Merck Finck
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637:since March 2021: Reinhard Krafft, CEO Merck Finck
631:since June 2020 Thomas Rodermann, Olivier Kuetgens
622:2016–2017 Michael Krume, Udo Kröger, Joachim Gorny
777:Monument protection and preservation of monuments
634:since December 2020: Michael Savenay, CEO Germany
523:(KBL epb), to which it has belonged ever since.
625:since 2017 Matthias Schellenberg, Michael Krume
550:Commission de Surveillance du Secteur Financier
408:, the sparkling wine cellar J. Oppmann and the
335:After the bank had developed positively in the
393:, important industry pioneers were created in
8:
1214:Financial services companies based in Munich
406:Vereinigte Werkstätten für Kunst im Handwerk
362:and his daughters Margarete von Stengel and
30:
1052:
1050:
1048:
1027:"Company Overview of Merck Finck & Co"
258:Merck Finck was founded under the company
36:
29:
1112:"Investmentfonds verschluckt Lottogewinn"
996:"Katar kauft KBL fĂĽr eine Milliarde Euro"
940:"Scheich aus Katar ĂĽbernimmt Merck Finck"
347:business at the turn of the century, the
51:Munich headquarter of Merck Finck in 2024
658:The Quintet group owns private banks in
1080:
1078:
1021:
1019:
1017:
814:
410:Gesellschaft fĂĽr Markt und KĂĽhlhallen
7:
771:Nature and environmental protection
884:"Missmanagement als Markenzeichen"
353:inflation after the end of the war
278:The core business of the bank was
236:Merck Finck A Quintet Private Bank
31:Merck Finck A Quintet Private Bank
25:
1058:"Zeit vergeht, Geschichte bleibt"
972:. 10 October 2011. Archived from
1153:
613:2002–2010 Alexander Mettenheimer
610:1995–2002 Gerd Schmitz-Morkramer
45:
916:. 30 March 2011. Archived from
444:Wiener Privatbankhaus S. M. v.
238:, founded in 1870, is based in
1219:1870 establishments in Germany
823:"Karte mit den KBL Standorten"
526:In 2002, Merck Finck acquired
288:SĂĽddeutsche Bodencreditbank AG
1:
607:1991–1995 Wilhelm Winterstein
456:Ă–sterreichische Kreditanstalt
451:Louis Nathaniel de Rothschild
910:"Neue Pläne für Merck Finck"
521:KBL European Private Bankers
244:KBL European Private Bankers
592:1879–1924 Wilhelm von Finck
572:Merck Finck Privatbankiers
501:600 million to the British
377:, a predecessor of today's
117:Adolf Karl-Ludwig Christian
1235:
1062:Merck Finck Privatbankiers
855:Merck Finck Privatbankiers
827:Merck Finck Privatbankiers
260:Merck, Christian & Co.
60:Merck, Christian & Co.
384:SĂĽddeutsche Aero Lloyd AG
246:(KBL), which was renamed
44:
35:
434:After the annexation of
268:Theodor von Cramer-Klett
1087:"Die unheilige Allianz"
759:Education and parenting
670:and the Grand Duchy of
425:de:J. Dreyfus & Co.
914:Frankfurter Allgemeine
762:Youth and elderly help
750:Merck Finck Foundation
565:Merck Finck & Co.
467:) with 19%. After the
402:global economic crisis
276:Merck, Finck & Co.
168:Michael Savenay (CEO),
115:Heinrich Johann Merck,
92:July 1, 1870
794:Westdeutsche Lotterie
774:Public health service
453:, had controlled the
364:Elisabeth Winterstein
307:MĂĽnchener Trambahn-AG
296:BĂĽrgerliches Brauhaus
266:and the entrepreneur
786:The weekly magazine
765:Science and research
662:, Denmark, Germany,
603:August von Finck Jr.
597:August von Finck Sr.
533:On 21 May 2010, the
480:August von Finck Jr.
421:August von Finck Sr.
419:Due to its owner's (
360:August von Finck Sr.
248:Quintet Private Bank
201:Quintet Private Bank
62:Merck Finck & Co
18:Merck Finck & Co
1185:48.1410°N 11.5697°E
1181: /
920:on 10 November 2012
803:Landgericht MĂĽnster
537:investment company
387:, a predecessor to
280:corporate financing
208:Number of employees
142:Number of locations
32:
27:German private bank
976:on 3 February 2018
587:Managing directors
183:investment banking
170:Florian Kayl (COO)
125:PacellistraĂźe 16,
106:Kingdom of Bavaria
83:Financial services
70:Aktiengesellschaft
1002:. 10 October 2011
557:Precision Capital
321:mandate with the
319:supervisory board
272:Wilhelm von Finck
250:in January 2020.
234:The private bank
232:
231:
191:wealth management
179:corporate banking
16:(Redirected from
1226:
1209:Banks of Germany
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1190:48.1410; 11.5697
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1143:Official website
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864:on 24 March 2012
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857:. Archived from
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768:Arts and culture
469:Second World War
373:Udet-Flugzeugbau
315:Versicherungs-AG
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187:asset management
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1118:. 25 April 2014
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1033:. 7 August 2018
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944:SPIEGEL ONLINE
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890:. 15 July 2001
888:SPIEGEL ONLINE
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1161:Banks portal
1120:. Retrieved
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1094:. Retrieved
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1065:. Retrieved
1061:
1035:. Retrieved
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1004:. Retrieved
999:
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978:. Retrieved
974:the original
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948:. Retrieved
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922:. Retrieved
918:the original
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892:. Retrieved
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859:the original
854:
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830:. Retrieved
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678:Shareholders
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440:German Reich
433:
429:Aryanization
418:
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300:(1880), the
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290:(1871), the
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282:and issuing
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235:
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122:Headquarters
67:Company type
1188: /
1147:(in German)
1091:DER SPIEGEL
1000:L'essentiel
789:Der Spiegel
668:Netherlands
561:Netherlands
476:Nazi regime
224:.merckfinck
152:Area served
1203:Categories
1176:11°34′11″E
1173:48°08′28″N
809:References
702:DĂĽsseldorf
672:Luxembourg
645:Operations
601:1980–1991
595:1924–1980
465:DĂĽsseldorf
461:made aryan
446:Rothschild
345:securities
164:Key people
96:1870-07-01
1122:26 August
1096:26 August
1067:26 August
1037:26 August
1031:Bloomberg
1006:23 August
980:23 August
950:23 August
924:23 August
894:23 August
868:21 August
832:21 August
782:Criticism
719:Stuttgart
708:Frankfurt
686:Locations
512:Stuttgart
488:Frankfurt
390:Lufthansa
264:Danatbank
738:Augsburg
546:KBC Bank
503:Barclays
175:Products
112:Founders
75:Industry
57:Formerly
970:Reuters
729:MĂĽnster
725:Cologne
715:Hamburg
710:am Main
660:Belgium
570:became
543:Belgian
508:Hamburg
484:Bavaria
438:to the
436:Austria
414:Hamburg
395:Germany
341:lending
337:deposit
330:peerage
313:Allianz
298:MĂĽnchen
292:brewery
254:History
217:Website
157:Germany
134:Germany
94: (
89:Founded
79:Banking
742:2008:
736:2006:
723:2002:
713:1992:
706:1963:
700:1954:
696:Munich
694:1870:
666:, the
535:Indian
528:WestLB
516:Berlin
381:, and
240:Munich
128:Munich
102:Munich
862:(PDF)
851:(PDF)
744:Essen
197:Owner
1124:2018
1098:2018
1069:2018
1039:2018
1008:2018
982:2018
952:2018
926:2018
896:2018
870:2018
834:2018
514:and
492:Main
400:The
379:DASA
375:GmbH
343:and
567:oHG
490:am
412:in
226:.de
222:www
100:in
1205::
1114:.
1089:.
1077:^
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1047:^
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1016:^
998:.
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912:.
886:.
853:.
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