Otto Wachs (banker)

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Otto Wachs (born July 23, 1909 in Jork ; † December 30, 1998 in Hamburg ) was a German banker , manager in the shipping industry and regatta sailor .

Life

Otto Wachs was born as the son of District Administrator Otto Wachs . After high school he studied at the universities of London , Freiburg , Marburg and Kiel law . In 1929 he became a member of the Corps Suevia Freiburg . In 1930 he became active in the Corps Hasso-Nassovia . In 1932 he passed the legal traineeship and in 1936 the assessor exam. Later, in 1945, he was promoted to Dr. jur. PhD.

In 1938, Wachs became head of the secretariat at Mitteldeutsche Landesbank - Girozentrale in Magdeburg . In 1940 he was appointed to the board of the Deutsche Schiffsbeleihungs-Bank AG in Hamburg. After the Second World War , he became a member of the board of directors of Bremer Landesbank and the Staatliche Kreditanstalt Oldenburg-Bremen in 1948 . In 1954 he moved to the board of directors of HAPAG in Hamburg, the majority shareholder of which was his father-in-law, Behrend Schuchmann, as the owner of the towing, shipping and rescue company . After he was spokesman for the management board for a short time, he left HAPAG at the beginning of 1959 when he sold his father-in-law's block of shares to HAPAG minority shareholder Deutsche Bank . In 1961 he became a personally liable partner ( business owner ) of the Berliner Handels-Gesellschaft and left there in 1966.

Wachs was a member of the supervisory boards of AG Weser , the Bugsier-, Reederei- und Bergungsgesellschaft, Deutsche Schiffahrtsbank AG , the German-South American Bank , the Midgard Deutsche Seeverkehrs-AG in Nordenham and the Nordseewerke .

At his Corps Suevia Freiburg he was chairman of the old men’s association.

Regatta sailing

Information board with the results of the Olympic sailing competitions in 1936 at the Düsternbrook sports boat harbor in Kiel, the then "Olympic harbor "

Otto Wachs was a successful regatta sailor, member of the Alsterpiraten and the North German Regatta Association in Hamburg. In the sailing competitions of the 1936 Olympic Games in Kiel he was in the 8mR class to Department of Germania III of Alfried Krupp von Bohlen und Halbach under her helmsman Hans Howaldt and won with this tied to jump with the second-placed Norwegian Silija the bronze medal.

Promoter of nautical training and sailing

As a sponsor of nautical training and sailing, he was very active. Wachs was chairman of the Pamir and Passat Foundation , which, supported by a consortium of around 40 shipping companies, had been operating both training ships for the German merchant navy since December 1954. As a board member of the Foundation for Training Ships, he sponsored the acquisition and maintenance of the Amphitrite gaff schooner by the youth organization Clipper DJS .

literature

  • 960. Wachs III, Otto . In: Hans Fischer, Gerhard Becker: List of members of the Corps Suevia in Freiburg im Breisgau 1815–1955 , p. 118.

Individual evidence

  1. ↑ Kösener Corpslisten 1960, 36 , 867
  2. ↑ Kösener Corpslisten 1960, 99 , 1154
  3. ^ Arnold Kludas: The history of the German passenger shipping: An era goes to the end of 1930 to 1990 , E. Kabel, 1990, p. 176
  4. ↑ Kurt Wendt: Deutsche Bank buys Hapag free in Die Zeit of October 2, 1958
  5. ↑ Hansa : Central organ for shipping, shipbuilding, port , published weekly , Volume 96 (1959), p. 498
  6. ↑ Berliner Handels-Gesellschaft rejects bonus solution . In: The time of March 3, 1961
  7. ↑ Theo-Peter Koesling: Amphitrite: One of the oldest sailing yachts in the world , Norderstedt 2014, p. 86
personal data
SURNAME Wax, Otto
BRIEF DESCRIPTION German banker, manager in the shipping industry and regatta sailor
DATE OF BIRTH July 23, 1909
PLACE OF BIRTH Jork
DATE OF DEATH December 30, 1998
Place of death Hamburg