61:
551:
239:, a U.S.-based brokerage. Although the joint venture initially provided an international dimension for its three members, the relationships soured in the late 1970s and early 1980s. The joint venture was plagued by competition between Warburg and
301:. Swiss Bank Corporation merged S. G. Warburg with its own existing investment banking unit to create SBC Warburg, which became a leading player in global investment banking. In 1997, SBC Warburg was merged with U.S. investment bank
199:
in 1957 was a significant event in its rise to prominence; through this, Warburg gained a place on the
Accepting Houses Committee, which is composed of the 17 top merchant banks with access to cheap capital backed by the
669:"The Financial Times has examined the problems which caused S. G. Warburg, a Mercury Securities subsidiary, and Paribas to lift their joint stake in A G Becker-Warburg Paribas Becker to just over 50%."
187:
S. G. Warburg and Co. were recognised for its pioneering mergers and takeover work in the UK in the 1960s. These works included the first ever hostile takeover in the UK and the first-ever
247:'s death, Paribas bought out Warburg's interest in the joint venture in early 1983. Following the departure of Warburg from the joint venture, the firm was renamed A.G. Becker Paribas.
1385:
1420:
1410:
1208:
1400:
227:
The bank gained clients and grew rapidly in the 1960s and 1970s. In the early 1970s, S. G. Warburg entered into a U.S. joint venture with Paris-based
243:, as well as cultural conflicts between French, English, and American executives. Although Warburg had originally planned to buy out Paribas, after
761:
231:(Banque de Paris et des Pays-Bas, prior to the bank's nationalisation in 1982) named Mercury Securities. In 1974, S. G. Warburg and
1035:
180:
banking family. Henry
Grunfeld was a former industrialist in the German steel industry, and is also Jewish. Warburg and Grunfeld fled
827:
219:. This battle is now remembered as the "Aluminium War" and started a shift away from relational banking towards competitive banking.
1425:
701:
1430:
1415:
1405:
639:
482:
407:
949:
922:
903:
877:
793:
685:
477:
1053:
809:
1395:
981:
1375:
733:
1111:
506:
759:
Merrill Lynch and
Mercury Asset Management Combine to Create One of the World's Largest Fund Management Groups
1349:
846:
359:
599:
1183:
1116:
500:
251:
290:
Following another flawed and costly expansion into the United States, in 1994 a merger was announced with
1083:
473:
387:
509:, former minister jointly for the Department for Business, Innovation and Skills and the Cabinet Office
196:
777:
503:, joined S.G. Warburg in 1985, became a director in 1995 and from 2000 to 2002 served as vice-chairman
211:, advised by S. G. Warburg & Co, fought a fierce and ultimately successful battle to acquire
1380:
1339:
1248:
1007:
317:
495:
453:
411:
275:
271:
188:
60:
254:" reforms of the 1980s under the leadership of its chief executive Sir David Scholey, it acquired
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758:
396:
354:
165:
113:
1318:
1298:
1045:
313:
298:
144:
88:
719:
656:
278:
subsidiary) asset manager by the early 1990s. At its peak more than half the companies on the
1073:
536:
491:
302:
263:
136:
974:
430:
236:
8:
1203:
1106:
1063:
934:
574:
569:
383:
333:
328:. The Warburg name was finally retired in 2003 when the investment banking operation of
321:
306:
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635:
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967:
765:
532:
519:
486:
449:
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369:
216:
201:
1323:
1188:
1172:
632:
The House of Morgan: An
American Banking Dynasty and the Rise of Modern Finance
401:
291:
173:
169:
140:
54:
523:
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1166:
941:
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1093:
895:
887:
556:
181:
1354:
1344:
1283:
1198:
1025:
892:
The
Warburgs: The Twentieth-century Odyssey of a Remarkable Jewish Family
564:
467:
392:
325:
255:
1288:
1253:
1223:
374:
192:
527:
215:
in a bidding war with a consortium of City of London bankers led by
462:
421:
279:
282:
used
Mercury Asset Management for investment management purposes.
415:
270:
in August 1984. The bank became the preeminent UK-based M&A (
240:
232:
228:
378:
470:, Parliamentary Under Secretary of State for Work and Pensions
915:
A Man of
Influence: The Extraordinary Career of S.G. Warburg
274:) adviser, equity underwriter, research house and (via its
1386:
Defunct financial services companies of the United States
990:
959:
329:
177:
148:
135:
was a London-based investment bank. It was listed on the
92:
339:
297:
The following year S. G. Warburg was purchased by
1421:
Companies formerly listed on the London Stock
Exchange
285:
828:"Swiss Bank Steps Up to Buy Dillon, Read on Rebound"
546:
1411:
Financial services companies disestablished in 1995
933:
870:The WetFeet.com Insider Guide: Warburg Dillon Read
720:Joint Ventures, Alliances, and Corporate Strategy
368:, Member of Court and Financial Policy Committee
1401:Financial services companies established in 1946
1367:
778:"Jilted: Morgan Stanley and S. G. Warburg"
702:"French Partner To Buy British Share In Becker"
794:"Swiss Bank in deal to buy S. G. Warburg"
222:
975:
931:
803:
159:
886:
867:
982:
968:
681:
679:
59:
16:Former British investment bank (1946–1995)
657:Handbook on the history of European banks
147:in 1995 and ultimately became a part of
676:
629:
594:
592:
590:
1368:
912:
825:
404:, founder of Bramdean Asset Management
963:
663:
446:, former Shadow Environment Secretary
686:"Becker Paribus: An Ill-Fated Union"
587:
433:, board member of the Stock Exchange
340:Notable current and former employees
258:Ackroyd & Smithers, stockbroker
936:The Warburgs: The Story of a Family
917:. Bethesda, MD: Adler & Adler.
602:. Management Today. 1 November 1998
535:, one of the founding directors of
13:
872:. San Francisco, CA: WetFeet.com.
286:Swiss Bank Corporation acquisition
195:market. The firm's acquisition of
139:and was once a constituent of the
14:
1442:
734:"Four-Way Warburg Tie is Planned"
478:Member of the European Parliament
164:This bank was founded in 1946 by
660:. Edward Elgar Publishing, 1994
549:
1112:Blyth, Eastman Dillon & Co.
1054:Basler & Zürcher Bankverein
860:
840:
819:
787:
771:
768:Merrill Lynch, 19 November 1997
752:
654:Manfred Pohl, Sabine Freitag.
600:"Outsider who changed the City"
172:. Siegmund was a member of the
143:. The firm was acquired by the
1426:1946 establishments in England
726:
711:
695:
648:
623:
614:
461:, former finance minister for
353:, former managing director of
191:issue, which fostered the new
1:
1431:1995 mergers and acquisitions
1350:Wellington Management Company
1117:Kidder, Peabody & Company
826:TRUELL, PETER (16 May 1997).
810:"SBC Warburg Company History"
580:
362:, managing director 1979–1985
360:Simon Cairns, 6th Earl Cairns
1416:Banks disestablished in 1995
250:A major participant in the "
7:
847:"UBS means RIP for Warburg"
630:Chernow, Ron (2010). "26".
542:
437:
388:Power Corporation of Canada
377:, chief financial officer,
344:
294:, but the talks collapsed.
223:The 1960s, 1970s, and 1980s
10:
1447:
989:
816:. Retrieved 10 August 2010
452:, former chief executive,
160:Founding and early history
154:
1406:Banks established in 1946
1340:MFS Investment Management
1332:
1232:
1155:
1135:
1092:
1084:O'Connor & Associates
1044:
1008:Union Bank of Switzerland
1006:
997:
717:Kathryn Rudie Harrigan.
414:(1992–1998), Chairman of
318:Union Bank of Switzerland
120:
106:
98:
84:
76:
68:
50:
42:
34:
26:
913:Attali, Jacques (1985).
513:
496:UK Financial Investments
454:UK Financial Investments
412:Mercury Asset Management
397:Alliance & Leicester
276:Mercury Asset Management
1396:Former investment banks
1376:S. G. Warburg & Co.
764:3 December 2008 at the
355:Bugatti Automobiles SAS
235:took a 40% interest in
133:S. G. Warburg & Co.
114:Siegmund George Warburg
22:S. G. Warburg & Co.
1074:Dillon, Read & Co.
1046:Swiss Bank Corporation
932:Farrer, David (1974).
314:Swiss Bank Corporation
303:Dillon, Read & Co.
299:Swiss Bank Corporation
272:merger and acquisition
145:Swiss Bank Corporation
89:Swiss Bank Corporation
537:Amnesty International
492:James Leigh-Pemberton
262:, and the government
237:A.G. Becker & Co.
176:, a prominent German-
137:London Stock Exchange
1333:Largest shareholders
1107:Jackson & Curtis
868:WetFeet.com (2001).
723:. Beard Books, 2003
575:M.M.Warburg & CO
431:Peter Wilmot-Sitwell
312:After the merger of
1204:Alex Wilmot-Sitwell
1069:SG Warburg & Co
1064:Warburg Dillon Read
1031:Phillips & Drew
570:Warburg Dillon Read
494:, chief executive,
384:Paul Desmarais, Jr.
334:UBS Investment Bank
322:Warburg Dillon Read
307:Warburg Dillon Read
122:Number of employees
23:
1219:William G. Parrett
1179:Markus U. Diethelm
1143:McDonald & Co.
1102:Paine & Webber
1059:Basler Handelsbank
1016:Bank in Winterthur
853:, 13 November 2002
833:The New York Times
798:The New York Times
706:The New York Times
690:The New York Times
408:Sir Hugh Stevenson
21:
1363:
1362:
1151:
1150:
1122:Mitchell Hutchins
1021:Toggenburger Bank
459:Korn Chatikavanij
268:Mullens & Co.
260:Rowe & Pitman
213:British Aluminium
130:
129:
1438:
1381:Investment banks
1279:Jerker Johansson
1127:Union Securities
1079:Brinson Partners
1004:
1003:
984:
977:
970:
961:
960:
955:
939:
928:
909:
883:
854:
844:
838:
837:
823:
817:
814:Funding Universe
807:
801:
791:
785:
775:
769:
756:
750:
749:
747:
745:
740:. 15 August 1984
730:
724:
715:
709:
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693:
683:
674:
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661:
652:
646:
645:
627:
621:
618:
612:
611:
609:
607:
596:
559:
554:
553:
552:
526:, Kommandant of
522:, the captor of
245:Siegmund Warburg
209:Tube Investments
166:Siegmund Warburg
64:
63:
24:
20:
1446:
1445:
1441:
1440:
1439:
1437:
1436:
1435:
1366:
1365:
1364:
1359:
1328:
1309:Kaspar Villiger
1304:Olivier Sarkozy
1274:Marten Hoekstra
1244:Gary P. Brinson
1236:
1234:
1228:
1159:
1157:
1147:
1136:Other companies
1131:
1088:
1040:
999:
993:
988:
958:
952:
925:
906:
880:
863:
858:
857:
845:
841:
824:
820:
808:
804:
792:
788:
784:, December 1994
776:
772:
766:Wayback Machine
757:
753:
743:
741:
732:
731:
727:
716:
712:
708:, 24 March 1983
700:
696:
692:, 7 August 1984
684:
677:
671:Financial Times
668:
664:
653:
649:
642:
634:. Grove Press.
628:
624:
620:Chernow, p. 646
619:
615:
605:
603:
598:
597:
588:
583:
555:
550:
548:
545:
533:Anthony Marreco
520:Hanns Alexander
516:
507:Baroness Vadera
487:Lord Privy Seal
450:Robin Budenberg
444:Peter Ainsworth
440:
393:Sir Derek Higgs
370:Bank of England
347:
342:
288:
225:
217:Morgan Grenfell
202:Bank of England
162:
157:
123:
109:
58:
17:
12:
11:
5:
1444:
1434:
1433:
1428:
1423:
1418:
1413:
1408:
1403:
1398:
1393:
1391:Warburg family
1388:
1383:
1378:
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1358:
1357:
1352:
1347:
1342:
1336:
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1276:
1271:
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1240:
1238:
1230:
1229:
1227:
1226:
1221:
1216:
1211:
1206:
1201:
1196:
1191:
1189:Naureen Hassan
1186:
1184:John A. Fraser
1181:
1176:
1173:Sergio Ermotti
1170:
1163:
1161:
1153:
1152:
1149:
1148:
1146:
1145:
1139:
1137:
1133:
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1042:
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1038:
1033:
1028:
1023:
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987:
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884:
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862:
859:
856:
855:
839:
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786:
770:
751:
738:New York Times
725:
710:
694:
675:
673:, 13 July 1982
662:
647:
641:978-0802144652
640:
622:
613:
585:
584:
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579:
578:
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567:
561:
560:
544:
541:
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512:
511:
510:
504:
498:
489:
480:
474:William Hopper
471:
465:
456:
447:
439:
436:
435:
434:
428:
419:
410:, Chairman of
405:
402:Nicola Horlick
399:
395:, chairman of
390:
386:, co-chief of
381:
372:
363:
357:
346:
343:
341:
338:
292:Morgan Stanley
287:
284:
224:
221:
207:In 1958–1959,
197:Seligman Bros.
184:in the 1930s.
174:Warburg family
170:Henry Grunfeld
161:
158:
156:
153:
141:FTSE 100 Index
128:
127:
124:
121:
118:
117:
110:
107:
104:
103:
100:
96:
95:
86:
82:
81:
78:
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73:
70:
66:
65:
55:Henry Grunfeld
52:
48:
47:
44:
40:
39:
36:
32:
31:
30:Public company
28:
15:
9:
6:
4:
3:
2:
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1320:
1317:
1315:
1314:Axel A. Weber
1312:
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1307:
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1302:
1300:
1299:Marcel Rohner
1297:
1295:
1292:
1290:
1287:
1285:
1282:
1280:
1277:
1275:
1272:
1270:
1267:
1265:
1264:Oswald Grübel
1262:
1260:
1257:
1255:
1252:
1250:
1247:
1245:
1242:
1241:
1239:
1237:and directors
1231:
1225:
1222:
1220:
1217:
1215:
1212:
1210:
1209:Robert McCann
1207:
1205:
1202:
1200:
1197:
1195:
1194:Ulrich Körner
1192:
1190:
1187:
1185:
1182:
1180:
1177:
1174:
1171:
1168:
1167:Colm Kelleher
1165:
1164:
1162:
1160:and directors
1154:
1144:
1141:
1140:
1138:
1134:
1128:
1125:
1123:
1120:
1118:
1115:
1113:
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1029:
1027:
1024:
1022:
1019:
1017:
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1009:
1005:
1002:
996:
992:
985:
980:
978:
973:
971:
966:
965:
962:
953:
951:0-8128-1733-8
947:
943:
942:Stein and Day
938:
937:
930:
926:
924:0-917561-36-8
920:
916:
911:
907:
905:0-679-41823-7
901:
897:
893:
889:
885:
881:
879:1-58207-078-4
875:
871:
866:
865:
852:
851:The Telegraph
848:
843:
835:
834:
829:
822:
815:
811:
806:
800:, 11 May 1995
799:
795:
790:
783:
782:The Economist
779:
774:
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763:
760:
755:
739:
735:
729:
722:
721:
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703:
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682:
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672:
666:
659:
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633:
626:
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601:
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586:
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571:
568:
566:
563:
562:
558:
547:
538:
534:
531:
529:
525:
521:
518:
517:
508:
505:
502:
501:James Sassoon
499:
497:
493:
490:
488:
484:
483:Earl Jellicoe
481:
479:
475:
472:
469:
466:
464:
460:
457:
455:
451:
448:
445:
442:
441:
432:
429:
427:
426:Marshall Wace
423:
420:
417:
413:
409:
406:
403:
400:
398:
394:
391:
389:
385:
382:
380:
376:
373:
371:
367:
366:Michael Cohrs
364:
361:
358:
356:
352:
351:Thomas Bscher
349:
348:
337:
335:
331:
327:
324:was renamed,
323:
319:
315:
310:
308:
304:
300:
295:
293:
283:
281:
277:
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269:
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67:
62:
56:
53:
49:
45:
41:
37:
33:
29:
25:
19:
1324:Jürg Zeltner
1294:Marcel Ospel
1269:Ralph Hamers
1259:Blair Effron
1214:Chi-Won Yoon
1094:Paine Webber
1000:predecessors
940:. New York:
935:
914:
896:Random House
894:. New York:
891:
888:Chernow, Ron
869:
861:Bibliography
850:
842:
831:
821:
813:
805:
797:
789:
781:
773:
754:
742:. Retrieved
737:
728:
718:
713:
705:
697:
689:
670:
665:
655:
650:
631:
625:
616:
604:. Retrieved
557:Banks portal
332:was renamed
311:
296:
289:
249:
226:
206:
186:
182:Nazi Germany
163:
132:
131:
116:, (chairman)
99:Headquarters
27:Company type
18:
1355:Wealthfront
1345:Norges Bank
1319:Robert Wolf
1284:Peter Kurer
1249:John Costas
1199:Tom Naratil
1026:Interhandel
744:11 December
606:11 February
565:Dillon Read
524:Rudolf Höss
468:David Freud
418:(1998–2009)
326:UBS Warburg
256:stockjobber
1370:Categories
1289:Ken Moelis
1254:John Cryan
1235:executives
1224:Phil Gramm
1169:(Chairman)
1158:executives
998:Historical
581:References
375:John Cryan
305:to create
193:Eurodollar
108:Key people
102:London, UK
528:Auschwitz
485:, former
476:, former
424:, CEO of
320:in 1998,
85:Successor
890:(1993).
762:Archived
543:See also
463:Thailand
438:Politics
422:Ian Wace
345:Business
280:FTSE 100
252:Big Bang
189:Eurobond
80:Acquired
35:Industry
1156:Current
416:Equitas
266:broker
241:Paribas
233:Paribas
229:Paribas
155:History
69:Defunct
51:Founder
43:Founded
38:Banking
1233:Former
991:UBS AG
948:
921:
902:
876:
638:
379:UBS AG
178:Jewish
57:
1175:(CEO)
514:Other
126:6,000
946:ISBN
919:ISBN
900:ISBN
874:ISBN
746:2022
636:ISBN
608:2018
316:and
264:gilt
168:and
112:Sir
91:and
77:Fate
72:1995
46:1946
1036:SMH
812:.
688:.
330:UBS
149:UBS
93:UBS
1372::
944:.
898:.
849:,
830:.
796:,
780:,
736:.
704:.
678:^
589:^
336:.
309:.
204:.
151:.
983:e
976:t
969:v
954:.
927:.
908:.
882:.
836:.
748:.
644:.
610:.
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