Metzler Bank

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  B. Metzler seel. Sohn & Co. Limited partnership based on shares
logo
Country GermanyGermany Germany
Seat Frankfurt am Main
legal form KGaA
Bank code 502 307 00
BIC METZ DEFF XXX
founding 1674
Website www.metzler.com
Business data 2019
Total assets 3.606 billion euros
Employee 850
management
Corporate management
  • Kim Comperl
  • Emmerich Müller
  • Harald Illy
  • Mario Mattera
  • Marco Schulmerich
  • Gerhard Wiesheu
Letter to Johann Maria Farina across from Jülichs-Platz in Cologne, 1830

The B. Metzler seel. Sohn & Co. Kommanditgesellschaft auf Aktien is a private bank based in Frankfurt am Main . Bankhaus Metzler is the second oldest bank in Germany and has been owned continuously and exclusively by the founding family since it was founded in 1674.

From 1971 Friedrich von Metzler led the bank in the 11th generation as a personally liable partner . At the end of May 2018, he left the management.

history

The origins of the Metzler bank go back to a trading company founded by Benjamin Metzler in 1674 .

The name B. Metzler seel. Sohn & Co. is derived from the son of the company founder Benjamin Metzler, who wanted to remember his deceased (i.e. blessed ) father by giving this name .

Already at the end of the 17th century there was a link between goods and money transactions due to the important long-distance trade activities.

18th century

The company's first money and exchange transactions can be traced back to 1728. In 1742 the founder's son was elected to the Frankfurt Stock Exchange Board. Since then, the owners of the bank have been represented on the management bodies of the Frankfurt Stock Exchange and Deutsche Börse AG almost without interruption .

The development from trading to banking largely came to an end around 1760. In 1769 Friedrich Metzler became a partner in the family company, and in 1771 its director. He got into the government bond business . It began in 1779 with a loan in favor of the Electorate of Bavaria . He was followed by the Electoral Palatinate as a borrower, and in 1795 the Kingdom of Prussia with a loan of one million  guilders . Also Saxe-Meiningen and the House of Nassau were just like the House of Orange client of Metzler. Because of his dealings with the Prussian royal family, he was awarded the title of Royal Prussian secret councilor .

19th century

Towards the end of the 19th century, competition with the newly established joint stock banks led to a strategic alignment of business with the core competencies of a private bank: abandoning the on-balance sheet business and concentrating on individual financial services. Asset management was of particular importance.

20th century

At the beginning of the 20th century, Metzler restricted the current account and credit business. At the same time, trading in securities was systematically expanded.

The Metzler bank was involved in the compulsory "Aryanization" of Jewish banks in 1938, such as the Bass & Herz , J. Dreyfus & Co. and Jacob SH Stern banks .

In order to secure the independence in the long term and to strengthen the capital base, the company was converted in 1986 from a partnership to a corporation in the form of a partnership limited by shares . The personal liability of the management, which is characteristic of a private bank, was thus retained.

At the same time B. Metzler became seel. Sohn & Co. Holding AG established as the parent company of a holding based on the Anglo-Saxon model.

Since then, the various business areas have been the responsibility of independent subsidiaries of the bank. B. Metzler GmbH was founded in 1994, in which corporate finance advice is combined.

The history of the bank in the 20th century was largely shaped by Albert von Metzler .

21st century

In 2001 a branch was opened in Tokyo and in 2009 another in Beijing. In 2007, the Metzler bank celebrated its 333rd anniversary.

The bank, which is exclusively owned by the founding family, published the following figures in the consolidated financial statements for the 2019 financial year:

  • Balance sheet total: 3.606 billion euros
  • Assets under management in asset management: 86 billion euros
  • Core capital ratio:> 20%
  • Balance sheet profit: 2.31 million euros

The number of employees was 850 at the end of 2019. The bank would like to remain independent, a merger with another private bank that was mentioned by the business press was repeatedly rejected.

Business areas

Metzler focuses on capital market services for institutions and private customers in the core business areas of asset management, capital markets, corporate finance and private banking. One of the customers of Metzler Asset Management is the federal and state pension fund . In addition to asset management for wealthy private individuals and institutional customers, Metzler is also active in the mutual fund business.

With around 850 employees, the Metzler banking house has branches and subsidiaries in Bedburg (for the Düsseldorf / Cologne region ), Hamburg , Munich , Stuttgart , Atlanta , Dublin , Los Angeles , Beijing , Seattle and Tokyo .

Personally liable partner

In the company's history, personally liable partners who were not members of the Metzler family have been active, including:

See also

literature

  • Bank portrait Bankhaus B. Metzler. In: Bernd Baehring et al. (Ed.): Finanzzentrum Frankfurt. Düsseldorf, Vienna, New York 1987, pp. 81-84.
  • Stefan Ohmeis: Insights - history and stories about the Metzler banking house and about the Metzler family in Frankfurt am Main . Frankfurt am Main 2nd, expanded edition 2007.

Web links

Individual evidence

  1. ↑ a b Master data of the credit institute at the Deutsche Bundesbank
  2. ↑ a b The 2019 financial year . B. Metzler seel. Sohn & Co Holding AG, accessed on May 28, 2020 .
  3. ↑ "Even if I experienced a real nightmare myself, I believe in the good in people" . In: Zeit Magazin . May 31, 2018, ISSN  0044-2070 ( zeit.de [accessed May 31, 2018]).
  4. ↑ A long name. In: youtube.com. Retrieved May 28, 2020 .
  5. ^ Trenkler law firm: Glossary and the common abbreviation in legal language and banking. (No longer available online.) In: trenkler.de. Archived from the original on February 28, 2017 ; accessed on February 27, 2017 .
  6. ^ Manfred Pohl : Handbook on the History of European Banks . Edward Elgar Publishing, Cheltenham 1994, ISBN 1-78195-421-6 , pp.  450 ( limited preview in Google Book Search).
  7. ^ Markus Plate: Large German family businesses . Vandenhoeck & Ruprecht, Göttingen 2011, ISBN 978-3-525-40338-9 , pp. 66 ( limited preview in Google Book search).
  8. ↑ Advertisement : Notifications . In: Frankfurter Ober-Post-Amts-Zeitung . No.  73 , March 14, 1825, p. 5 ( online in Google Book Search).
  9. ^ Ingo Köhler: The Aryanization of the private banks in the Third Reich : displacement, elimination and the question of reparation, Munich: CH Beck 2005, pp. 312-315 and 585
  10. ↑ "We will definitely not take over any competitors" Editorial meeting with Emmerich Müller. in: Journal for the entire credit system, volume 73, May 1, 2020, accessed on May 28, 2020 .
  11. ↑ locations. In: www.metzler.com. Accessed May 31, 2018 .

Coordinates: 50 ° 6 ′ 40.7 ″  N , 8 ° 40 ′ 23 ″  E