Banking house, brothers Arnhold
The banking house Gebrüder Arnhold was a private bank based in Dresden and Berlin .
history
It was founded in October 1864 by the Dessau- born Max Arnhold and Ludwig Philippson . Philippson left the company in 1876, and Arnhold's brother Georg joined in 1881 . Initially, you had to be content with modest rooms in Galeriestraße, from 1873 on Seestraße and from 1878 on Altmarkt . The house also initially lagged far behind the established Dresden financial institutions and in some cases even had to refinance itself from them.
One focus of the Arnhold brothers was the financing of companies in the brewing industry . The most important customers included the Dresdner Feldschlößchen Brewery , the Radeberger Export brewery that Vereinsbrauerei Rixdorf , the brewery Brunn near Vienna , the Reichelbräu Kulmbach and Hofbierbrauerei Schöfferhof . In 1898 a bank for the brewing industry was founded, which until the end was regarded as the company's fillet. Other important customers of the Arnhold brothers came from the porcelain and ceramics industry, such as CM Hutschenreuther AG or Triptis AG .
In the 1890s, the Arnhold bank rose to become the leading bank in Dresden, among other things by taking over the renowned Schie (1891) and Koppel & Co. (1897); In 1907 a branch was opened in Berlin , the then leading financial center in the Reich. Increasingly, it also made equity available to its customers, often turning from a pure financier into a co-entrepreneur. Before the First World War , the Arnhold brothers were represented on the supervisory bodies of 46 companies and thus gained considerable influence on regional industrial development. In 1901 they helped transform the Kummer-Werke , which was threatened with bankruptcy, into what would later become the very renowned Sachsenwerk AG .
In the 1920s, the bank, now run by Georg Arnhold's sons, including Heinrich Arnhold , employed over 500 people and was one of the five largest German private banks.
In 1931 the bank entered into an interest group with the Berlin bank S. Bleichröder . In 1935 the headquarters of the bank in Dresden was aryanized by the Dresdner Bank . Two years later, the owners founded a new bank in New York and relocated part of the business there. In 1938, the Dresdner Bank also took over the remaining branch in Berlin, partly through its subsidiary Hardy & Co . The re-establishment in New York later operated under the name Arnhold and S. Bleichroeder Advisers . In 2009 the company was renamed First Eagle Investment Management .
literature
- Simone Lässig: Jewish private banks in Dresden . In: Hans-Peter Lühr (Ed.): Industrial City of Dresden? Economic growth in the empire . Dresden booklets. No. 61 . Dresdner Geschichtsverein , Dresden 2000, ISBN 3-910055-53-2 , p. 85 ff .
Web links
- Literature by and about banking house Gebrüder Arnhold in the catalog of the German National Library
- Newspaper article about the banking house Gebrüder Arnhold in the press kit 20th Century of the ZBW - Leibniz Information Center for Economy .
Individual evidence
- ↑ corporate information of First Eagle Investment Management of firsteaglefunds.com, accessed March 7, 2013.