Samuel Ritscher

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Samuel Ritscher (born January 17, 1870 in Graz , † January 26, 1938 ) was a high-ranking bank manager in Germany. In the 1920s he was director of the state-owned Reichs-Kredit-Gesellschaft and since 1932 a leading figure at Dresdner Bank .

Life

Before the First World War he worked for Austrian and German banks in the Balkans. Between 1906 and 1915 he was the first director of the branches of the Deutsche Orientbank in Egypt . Between 1916 and 1924 he was a deputy member of the board at Dresdner Bank. From 1924 Ritscher was director and board member of the state credit company. He held this post until 1932. As such, he played an important mediating role between industry and politics. In the 1920s he was also involved in Friedrich Flick's expansion efforts in Eastern Upper Silesia. In 1929 he joined the Society of Friends .

After the Dresdner Bank came under the control of the Reich, Ritscher was again a member of the board and director based in Berlin at Heinrich Brüning's instigation in 1932. Until the merger with the Darmstädter und Nationalbank , he was chairman of the bank's newly established credit and personnel committee, which was its main center of power. That made him the leading figure in the bank. Even after the merger with Danatbank, he remained the central leader of Dresdner Bank alongside Carl Goetz .

He was also a member of numerous supervisory boards. These included Deutsche Orientbank AG, Preußische Hypotheken-Aktienbank, Hermes Kreditversicherung Bank AG and the British and German Trust LtD. In London. From 1932 to 1936 he was also a member of the Krupp Group's supervisory board .

After the National Socialists came to power, Goetz actually assumed the role of CEO at Dresdner Bank because Ritschler was exposed to attacks because of his Jewish origins. Finally, in December 1933, Goetz officially became the spokesman of the board. Despite his origins, Ritscher, in contrast to the other Jewish members of the management board, was able to assert himself on the board of Dresdner Bank until 1936. In the de facto nationalized bank, he was listed as a “protected non-Aryan” within the meaning of the Professional Civil Service Act of 1933 .

Although Rietscher was already 65 years old, the bank made him responsible for the branches in the Balkans and the Middle East after he left the board. With that he could leave Germany. Since it was possible to present the stay abroad in the economic interests of the Reich, Ritscher did not need to pay so-called Reichsfluchtsteuer and was able to save his assets abroad. Ritscher, who from the past was well acquainted with the conditions in the Orient and particularly in Egypt, has proven to be advantageous for the bank's business in this region.

Individual evidence

  1. ↑ Norbert Frei u. a .: Flick. The corporation, the family, the power. Munich, 2009 p. 76, p. 83
  2. ^ Dresdner Bank in the Third Reich. P. 77
  3. ^ Dresdner Bank in the Third Reich, p, 81
  4. ^ Dresdner Bank in the Third Reich, p. 91
  5. ^ Dieter Ziegler: Continuity and discontinuity of the German business elite 1900 to 1938. In: Ders. (Ed.): Upper citizens and entrepreneurs. The German business elite in the 20th century. Göttingen, 2000. p. 50
  6. ↑ Dresdner Bank in the Third Reich p. 96
  7. ^ Dresdner Bank in the Third Reich, p. 263

literature

Web links

personal data
SURNAME Ritscher, Samuel
BRIEF DESCRIPTION Bank manager
DATE OF BIRTH January 17, 1870
PLACE OF BIRTH Graz
DATE OF DEATH January 26, 1938