Hauck & Aufhäuser

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  Hauck & Aufhäuser Privatbankiers AG
logo
Country GermanyGermany Germany
Seat Frankfurt am Main
legal form Corporation
Bank code 502 209 00
BIC HAUK DEFF XXX
founding 1796
Website www.hauck-aufhaeuser.com
Business data 2017
Total assets 4.9 billion euros
Employee 726
management
Board Michael Bentlage (Chairman)
Supervisory board Wolfgang Deml (Chairman)

The Hauck & Aufhauser Private Bankers AG is a private bank based in Frankfurt am Main . Hauck & Aufhäuser also has offices in Munich, Hamburg , Düsseldorf , Cologne , London , Luxembourg and Zurich and focuses on advising and managing assets for private and corporate clients as well as institutional investors and working with independent asset managers. The credit institute was created in 1998 from the merger of Georg Hauck & Sohn Bankiers in Frankfurt am Main and Bankhaus H. Aufhäuser in Munich . It has been part of the Chinese conglomerate Fosun since 2016 . In March 2020, Hauck & Aufhäuser acquired the family business Dr. August Oetker KG founded Bankhaus Lampe .

history

Georg Hauck & Sohn banking house

Development since it was founded in 1796

On January 1, 1796, Friedrich Michael Hauck (1769–1839) became a new partner in the Gebhard & Platz business in Frankfurt am Main, which had existed since 1753 . Gebhard & Hauck, as the business was now called, operated bills of exchange , commission and forwarding business . Gebhard & Hauck did banking - like many trading houses of the time - at least at the beginning probably only incidentally. However, it is known that as early as 1800 Gebhard & Hauck granted the Upper Rhine District a loan of 100,000 guilders at an interest rate of 4.5 percent. Friedrich Michael Hauck was a member of the Permanent Citizens' Representation from 1815 to 1825 and of the Legislative Body of the Free City of Frankfurt from 1817 to 1819 . From 1821 to 1829 he was a senior manager of the Frankfurt Chamber of Commerce. During this time he made services to Frankfurt's trade policy , for example by founding the Central German Trade Association in 1828.

In 1839 Georg Heinrich (1812–1884) and Ferdinand Hauck (1813–1888) took over Gebhard & Hauck after the death of their father Friedrich Michael (whose partner Peter Gebhard had died in 1814), but in 1861 they went their separate ways. The two Hauck brothers founded the banking houses Georg Hauck & Sohn and Ferdinand Hauck . The latter bank was also quite successful for a while, but was finally liquidated in 1926 and transferred to Georg Hauck & Sohn. The bank Georg Hauck & Sohn took part in the founding and development of numerous companies in the Rhine-Main area , including the Frankfurter Bank 1854 and the Metallgesellschaft .

In 1888, under the management of Otto Hauck (born April 10, 1863 Frankfurt am Main, † November 25, 1934 ibid), together with the bank JJ Weiller Söhne , Farbwerke Hoechst was listed on the stock exchange. A few years later, the Hauck bank acquired a limited partner in Brown, Boveri & Cie .

The Georg Hauck & Sohn banking house also survived difficult phases such as the German War in 1866 , the Franco-German War in 1870/71 , the Founders' Crash in 1873, the November Revolution and the phase of hyperinflation after the First World War, as well as the global economic crisis of the late 20s and early 30s Years relatively unscathed.

National Socialism - Reprisals

On March 31, 1933 Otto Hauck resigned as long-time President of the Frankfurt Chamber of Commerce and Industry, including the entire Presidium. In connection with the National Socialist boycott of the Jews on April 1, 1933, he was attacked as a half-Jew because his mother Anna Hauck b. Reiss (1839–1925) came from the long-established Jewish families Reiss and Flersheim. After Otto Hauck's death in 1934, his son Alexander Hauck (1893–1946) took over the management of the bank. According to the National Socialist race laws , he was considered a " second degree Jewish half- breed ", which led to a restriction of his civil rights. In order to secure the future of the bank, the Hauck bank acquired the majority in the banking business J. Ph. Keßler, founded in 1804 in 1938 . Its previous owner, Adolf Melber (1894–1972), joined Bankhaus Hauck in 1939 as managing director, who now represented the bank externally.

War and reconstruction, the last Hauck is eliminated

After the complete destruction of the Georg Hauck & Sohn banking house at Neue Mainzer Straße 30 during the air raids on Frankfurt am Main in March 1944, it was rebuilt after the war. In 1946 August Oswalt , Anne Marie Hauck and Michael Hauck (1927–2018) became personally liable partners. In 1950 Georg Hauck & Sohn became a limited partnership (KG), in 1980 a limited partnership based on shares (KGaA). At the end of 1993, Michael Hauck, the last representative of the family, left the bank after 47 years as a personally liable partner. Michael Hauck remained honorary chairman of the Hauck & Aufhäuser bank, and members of the Hauck family continue to be among the bank's shareholders.

Bank house H. Aufhäuser

Founded in 1870

Bankhaus H. Aufhäuser at Löwengrube 20 with founder Heinrich Aufhäuser and his sons Martin and Siegfried, around 1905

By Henry Aufhauser (1842-1917) and Samuel scarlet was on 14 May 1870 established Bankhaus Aufhauser & scarlet in Munich. Already in the first years from 1870 to 1876 the total assets of the new bank increased fivefold. After Heinrich Aufhäuser had paid out his former partner Scharlach by 1892, the institute traded under the name Bankhaus H. Aufhäuser from 1894. The bank quickly gained a good reputation and soon counted among others. a. Duke Luitpold in Bavaria and the family of Thomas Mann as well as Neuberger and Einstein ( Alfred Einstein ) to their customers. At the turn of the century, the bank, which initially specialized in securities commission business , became a high-turnover credit institution. In 1913, H. Aufhäuser's total assets for the first time exceeded 10 million gold marks .

S. Bleichröder limited partner and successful 1920s

One of the most renowned German private banks since the German Empire and the former house bank of the former Chancellor Otto von Bismarck , the Berlin bank S. Bleichröder , became a limited partner of Bankhaus H. Aufhäuser in 1918 - also a hallmark of the process of concentration among banks since the turn of the century. The official name was now: H. Aufhäuser Kommandite von S. Bleichröder in Berlin. In 1921, when Martin Aufhäusers (1875–1944) took part in S. Bleichröder, the two Jewish banks became cross-sharers. At the same time, Ernst Kritzler, who had been a partner in S. Bleichröder since 1917, joined the H. Aufhäuser Bank. The 1920s were very successful years for H. Aufhäuser. Martin Aufhäuser also sat on the supervisory board of the Golddiskontbank , newly founded in 1924, which was founded as a subsidiary of the Reichsbank after the hyperinflation in order to provide German foreign trade with a convertible means of payment again.

"Aryanization"

Announcement by Seiler regarding the takeover of the H. Aufhäuser banking house, 1938

The successful years were interrupted by the " seizure of power " by the National Socialists. Since the Aufhäusers belonged to the Jewish faith, the bank was exposed to massive reprisals and it lost a large part of its customers - through coercive measures ( Jewish boycott etc.), emigration or deportation .

Bankhaus H. Aufhäuser was “ forced to argue ” as a result of the so-called Reichspogromnacht at the beginning of November and in December 1938 Friedrich Wilhelm Seiler took over the bank; H. Aufhäuser was thus one of the last private banks and one of the most important to be “Aryanized” in this way. The bank changed its name to Seiler & Co. and the Jewish employees had to be fired. It must be noted, however, that Martin Aufhäuser conducted the first negotiations with Friedrich Seiler in the summer of 1938 more or less voluntarily; Seiler was the one to whom the Aufhäusers wanted to hand over their bank. Only after the “Reichspogromnacht” did the National Socialist authorities intervene massively in the negotiations and determine the path to “Aryanization”. From the end of 1938 onwards, the business was mainly run by Josef Bayer (1897–1965), who had been working at the H. Aufhäuser bank since the 1920s and was a close confidante of the Aufhäusers . He was married to a Jew himself, but because of his knowledge of the bank could not be fired by the National Socialist authorities. The Aufhäuser / Seiler bank succeeded in making profits until 1944 without getting involved in arms deals or the like. Josef Bayer as well as Otto Schniewind , personally liable partner since 1939 , who was temporarily designated as Minister of Finance and Economics in the planned Goerdeler government , were brought to concentration camps or imprisoned in camps as a result of the assassination attempt on July 20, 1944 , but survived the National Socialist regime Time.

Reconstruction, Aufhäusers are finally out

The brothers Martin and Siegfried Aufhäuser (1877–1949, partner in the bank since 1921 and English citizen) had to leave Germany penniless and humiliated and emigrated to London and the Netherlands to the USA. In 1954, the Munich institute was renamed Bankhaus H. Aufhäuser again, and the descendants of the Aufhäusers were offered a 40 percent stake in the limited partnership capital retroactively to 1948. In 1955, however, the Aufhäuser family sold all of their shares due to incidents during the National Socialist era and has not held a stake in the bank since then; personal relationships continue to exist.

Since 1998: Hauck & Aufhäuser

On January 1, 1998, the Frankfurt bank Georg Hauck & Sohn and the Munich bank H. Aufhäuser merge to form Hauck & Aufhäuser KGaA. The group of partners of the bank consists of the spokesman Michael Bentlage as well as Stephan Rupprecht and Wolfgang Strobel. Hauck & Aufhäuser sees itself as a traditional and at the same time modern private bank.

Until August 2016, Hauck & Aufhäuser was one of the few private banks that was run independently by personally liable partners and independent of a group. In addition to descendants of the founding family, the partners also included Hans Joachim Langmann , former CEO of Merck KGaA , Frank Asbeck , CEO of SolarWorld AG and the Findel-Mast family, which is the owner of Mast-Jägermeister SE.

On July 8, 2015, it was announced that Hauck & Aufhäuser was holding sales talks with the Chinese subsidiary Fosun International. According to media reports, Fosun's offer amounted to 210 million euros. In August 2016, the takeover was confirmed by the European Central Bank (ECB) and the banking and financial supervisory authority (BaFin) after a year-long review. This was the first time that a German bank went to a majority owner from China. Until the acquisition by the Chinese conglomerate Fosun in September 2016, only entrepreneurial families were among the shareholders. The management of Hauck & Aufhäuser remained unchanged as of January 2017.

In December 2016, the private bank announced that Sal. Oppenheim's fund platform business in Luxembourg and, as part of this, the two companies based there, Sal. Oppenheim jr. & Cie. Luxemburg SA and Oppenheim Asset Management Services S.à rl. With Zeedin, the bank is also expanding its private customer business with digital asset management in 2018.

Operational subsidiaries

  • Hauck & Aufhäuser (Switzerland) AG (Zurich)
  • Hauck & Aufhäuser Fund Services SA (Luxembourg)
  • Hauck & Aufhäuser Alternative Investment Services SA (Luxembourg)
  • FidesKapital Gesellschaft für Kapitalbeteiligungen mbH (Munich)
  • easyfolio GmbH (Frankfurt am Main)

literature

  • Verita Mohr: track reading. Georg Hauck & Son 1796–1996. Fritz Knapp Verlag, Frankfurt am Main 1996, ISBN 3-7819-0573-X

Web links

Individual evidence

  1. ↑ a b Master data of the credit institute at the Deutsche Bundesbank
  2. ↑ Waymarks - Hauck & Aufhäuser Privatbankiers. In: www.hauck-aufhaeuser.de. Retrieved September 5, 2016 .
  3. ^ Hauck & Aufhäuser Privatbankiers: Annual Report 2015 . Ed .: Hauck & Aufhäuser Privatbankiers. Frankfurt am Main April 22, 2016, p. 33 .
  4. ↑ https://www.hauck-aufhaeuser.com/fileadmin/Publikationen/Geschaeftsbericht/180606_HA-jahresbericht-2017_DE.pdf
  5. ^ Hauck & Aufhäuser - independent private bank since 1796. In: www.hauck-aufhaeuser.de. Retrieved September 5, 2016 .
  6. ^ Hauck & Aufhäuser - independent private bank since 1796. In: www.hauck-aufhaeuser.de. Retrieved September 5, 2016 .
  7. ^ Hauck & Aufhäuser: Fosun successful with takeover of a private bank. Retrieved December 28, 2018 .
  8. ^ Georg Winters: Dr. Oetker sells Bankhaus Lampe to the Chinese. In: Rheinische Post Online. March 5, 2020, accessed March 6, 2020.
  9. ↑ Dr. Felix Höpfner: Independent - Personal - Entrepreneurial A chronicle of Hauck & Aufhäuser private bankers since 1796 . Ed .: Hauck & Aufhäuser Privatbankiers. ISBN 978-3-937996-31-8 , pp. 10 .
  10. ↑ a b c Sabine Hock : Hauck, banking family in the Frankfurter Personenlexikon , status of the article: March 10, 2018, accessed on August 17, 2018
  11. ↑ Dr. Felix Höpfner: Independent - Personal - Entrepreneurial A chronicle of Hauck & Aufhäuser private bankers . Ed .: Hauck & Aufhäuser Privatbankiers. ISBN 978-3-937996-31-8 , pp. 16 .
  12. ↑ Andreas Hansert, Sabine Hock: Hauck, Otto im Frankfurter Personenlexikon , status of the article: September 5, 2016, accessed on August 17, 2018
  13. ↑ Dr. Felix Höpfner: Independent - Personal - Entrepreneurial A chronicle of Hauck & Aufhäuser private bankers . Ed .: Hauck & Aufhäuser Privatbankiers. ISBN 978-3-937996-31-8 , pp. 105 .
  14. ↑ Dr. Felix Höpfner: Independent - Personal - Entrepreneurial A chronicle of Hauck & Aufhäuser private bankers . Ed .: Hauck & Aufhäuser Privatbankiers. ISBN 978-3-937996-31-8 , pp. 169 ff .
  15. ↑ Dr. Felix Höpfner: Independent - Personal - Entrepreneurial A chronicle of Hauck & Aufhäuser private bankers . Ed .: Hauck & Aufhäuser Privatbankiers. ISBN 978-3-937996-31-8 , pp. 66 .
  16. ↑ Dr. Felix Höpfner: Independent - Personal - Entrepreneurial A chronicle of Hauck & Aufhäuser private bankers . Ed .: Hauck & Aufhäuser Privatbankiers. ISBN 978-3-937996-31-8 , pp. 108 .
  17. ↑ Dr. Felix Höpfner: Independent - Personal - Entrepreneurial A chronicle of Hauck & Aufhäuser private bankers . Ed .: Hauck & Aufhäuser Privatbankiers. ISBN 978-3-937996-31-8 , pp. 111 ff .
  18. ↑ Waymarks - Hauck & Aufhäuser Privatbankiers. In: www.hauck-aufhaeuser.de. Retrieved September 6, 2016 .
  19. ↑ Michael Bentlage. Retrieved August 4, 2017 .
  20. ^ History - Hauck & Aufhäuser private bankers. In: www.hauck-aufhaeuser.de. Retrieved September 5, 2016 .
  21. ↑ New investors: Hauck & Aufhäuser now fully privately owned . In: Handelsblatt , January 17, 2010.
  22. ↑ Fosun buys Hauck & Aufhäuser: German business elite sells traditional bank to the Chinese. Retrieved September 5, 2016 .
  23. ↑ n-tv news television: Hauck & Aufhäuser goes to Fosun: Chinese buy traditional German bank. Retrieved September 5, 2016 .
  24. ↑ Overview - FONDS professionell Multimedia GmbH. In: www.fondsprofessionell.de. Retrieved September 5, 2016 .
  25. ↑ Fosun buys Hauck & Aufhäuser: Frankfurt private bank becomes Chinese. In: www.wiwo.de. Retrieved September 5, 2016 .
  26. ↑ Hauck & Aufhäuser takeover: Bafin gives Chinese Fosun the green light - DAS INVESTMENT. In: www.dasinvestment.com. Retrieved September 5, 2016 .
  27. ↑ Reuters Editorial: Chinese Fosun buys traditional bank Hauck & Aufhäuser . In: Reuters Germany . ( reuters.com [accessed January 18, 2017]).
  28. ^ Hauck & Aufhäuser - independent private bank since 1796. In: www.hauck-aufhaeuser.de. Retrieved September 5, 2016 .
  29. ↑ About us. In: www.hauck-aufhaeuser.com. Retrieved January 18, 2017 .
  30. ^ Hauck & Aufhäuser acquires the Luxembourg Sal. Oppenheim companies of Deutsche Bank. In: www.hauck-aufhaeuser.com. Retrieved January 18, 2017 .
  31. ↑ Hauck & Aufhäuser takes over Sal. Oppenheim's Luxembourg business . In: www.fondsprofessionell.de . ( fondsprofessionell.de [accessed July 3, 2018]).
  32. ↑ Markus Jordan: Zeedin: Hauck & Aufhäuser with digital asset management. In: EXtra-Magazin - Everything about ETFs. October 25, 2018, accessed January 29, 2019 .
  33. ↑ anesa: Hauck & Aufhäuser starts digital asset management with Bionic Robo Advisor from CREALOGIX. In: CREALOGIX - We Create Digital Leaders. Retrieved January 29, 2019 .
  34. ↑ 26th October 2018: Hauck & Aufhäuser launches robo-advisor Zeedin. Retrieved January 29, 2019 (UK English).
  35. ↑ About us. Retrieved November 13, 2018 .
  36. ↑ Luxembourg (ots): Hauck & Aufhäuser Group bundles its strengths in Luxembourg in the new Hauck & Aufhäuser Fund Services SA In: wallstreet-online.de. February 27, 2018, accessed March 8, 2018 .
  37. ↑ About us. Retrieved November 13, 2018 .
  38. ↑ About us. Retrieved November 13, 2018 .
  39. ↑ Laura de la Motte: Private bank relies on "Robo-Advisor". In: Handelsblatt.com. May 3, 2016, accessed March 8, 2018 .
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Coordinates: 50 ° 6 ′ 37.5 ″  N , 8 ° 40 ′ 27.9 ″  E