Paul Marx (banker)

Paul Marx (born April 30, 1888 in Elberfeld , † July 4, 1952 in Düsseldorf ) was a German lawyer and banker.

Life

Paul Marx was born as the son of the Düsseldorf local politician and later mayor Wilhelm Marx . After graduating from Hindenburg-Gymnasium in Düsseldorf, he studied law at the Universities of Freiburg and Bonn. In 1907 he was reciprocated in the Corps Hasso-Borussia Freiburg . In 1911 he passed the first state examination in law and was awarded a Dr. iur. PhD . He passed the 2nd state examination in 1914 and was appointed government assessor. He last participated in World War I as a lieutenant . At the end of the war he was appointed district administrator in Düsseldorf, but retired from civil service in 1919 to begin a banking career at A. Schaaffhausen'schen Bankverein .

In 1920 Marx was appointed director of the Barmer Bankverein and head of the Düsseldorf branch. In 1922 he became the business owner of the Barmer Bankverein. In 1932 he was instrumental in the merger of the Barmer Bankverein with the Commerz- und Privat-Bank . With the merger, he joined the Berlin board of the newly created bank, where he was responsible for the West German lending business. In 1943 he became chairman of the supervisory board of the bank, which had been trading as Commerzbank AG since 1940 , as the successor to Friedrich Reinhart . At the beginning of 1945 he was instrumental in moving the bank's headquarters from Berlin to Hamburg.

After the Allies had decentralized the German banking system in 1948, he became a board member of the successor institute in North Rhine-Westphalia, the Bankverein Westdeutschland in Düsseldorf. Together with Hermann Josef Abs from Deutsche Bank AG and Carl Goetz from Dresdner Bank , he worked out a proposal in 1950 for the reorganization of major German banking, which was reflected in the 1952 Major Banks Act .

Over the decades, Marx was a member of the supervisory boards of numerous German companies. He was deputy chairman of the supervisory board of the brewery Gebr. Dietrich AG in Düsseldorf, the Deutsche Schiffskreditbank AG in Duisburg, the Feldmühle, Papier- und Zellstoffwerke AG in Stettin, the Germania-Brauerei F. Dieninghoff AG in Münster and the Rheinmühlen AG in Düsseldorf. He was a member of the supervisory board of Allgemeine Hochbau-Gesellschaft AG in Düsseldorf, Adler AG for iron trade and iron processing in Düsseldorf, Fried. Remy Nachf. AG in Neuwied, Getreide -finanz-AG in Berlin, Köln-Düsseldorfer Versicherungs-AG in Düsseldorf, Th. Goldschmidt AG in Essen, Gelsenkirchener Bergwerks AG in Essen, Vereinigte Stahlwerke AG, the Klöckner Group , the auto Union , Buderus and the Munich-based Directorate of the German Reich of the Vienna life insurance company Phoenix.

Marx died on July 4, 1952 at the age of 64 in Düsseldorf. In an obituary dated July 10, 1952, the weekly newspaper Die Zeit paid tribute to him with the words: “With Dr. jur. Paul Marx is one of the last greats from the heyday of the German banking industry, a personality of extraordinary stamp. "

literature

• Marx, Paul. In: Robert Volz: Reich manual of the German society . The handbook of personalities in words and pictures. Volume 2: L-Z. Deutscher Wirtschaftsverlag, Berlin 1931, DNB 453960294 , p. 1201.
• Paul Marx †. In: Die Zeit from July 10, 1952 ( online at www.zeit.de , last accessed on January 6, 2018)
• Herbert Wolf:  Marx, Paul. In: New German Biography (NDB). Volume 16, Duncker & Humblot, Berlin 1990, ISBN 3-428-00197-4 , p. 321 ( digitized version ).

Individual evidence

1. ↑ Kösener Corpslisten 1960, 31/257
2. ↑ Dissertation: The state of emergency according to § 228 sentence 2 BGB .