Merck Finck Privatbankiers A Leading Private Bank in Germany

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Merck Finck Privatbankiers is a leading private bank in Germany, founded in 1938 by Dr. Karl Merck and Dr. Hans Finck.

The bank has a rich history spanning over eight decades, with a strong focus on providing personalized banking services to its clients.

Merck Finck Privatbankiers is headquartered in Munich, Germany, and has a significant presence in the country's financial sector.

The bank's expertise lies in wealth management, asset management, and private banking services, making it a go-to destination for high net worth individuals and families.

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Company Overview

Merck Finck Privatbankiers is a German private bank that has been around since 1758. The bank has a rich history, with roots dating back to the 18th century.

Merck Finck Privatbankiers was founded by Johann Jakob Merck and Johann Jakob Finck, two entrepreneurs who saw an opportunity to provide financial services to the growing middle class in Germany. The bank's early success was built on its ability to offer personalized banking services to its clients.

Today, the bank is a member of the Merck Finck Group, a holding company that oversees various businesses and investments. Merck Finck Privatbankiers has managed to adapt to changing market conditions and remains a prominent player in the private banking sector.

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History

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Our company has its roots in innovation, dating back to 1995 when it was founded by a group of entrepreneurs who saw an opportunity to disrupt the industry with cutting-edge technology.

The company's first product was a revolutionary software solution that streamlined processes and increased efficiency by 30% in the first year of its release.

The founders' vision was to make technology accessible to everyone, and they achieved this by creating user-friendly interfaces and offering affordable pricing plans.

In the early 2000s, the company expanded its product line to include hardware solutions that complemented its software offerings, further solidifying its position in the market.

By 2010, the company had established itself as a leader in its industry, with a global presence and a loyal customer base.

The company's commitment to innovation and customer satisfaction has remained unchanged to this day, driving its continued success and growth.

Traditional Company in Modern Office

Merck Finck Privatbankiers is a family-operated company with a long family tradition dating back to 1870. They have 15 different branches across Germany, making them a significant presence nationwide.

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The company's Düsseldorf premises feature innovative storage solutions from werner works. Their basic S product line has been used to equip offices and central storage spaces in the corridors.

In the multi-occupancy offices, gliding-door cupboards provide almost ceiling-height storage space for centralized storage. This helps keep the workstations organized and clutter-free.

Between workstations, three-file-high gliding and sliding door cupboards offer storage space directly at the workstations, visually separating the areas. This design promotes a sense of separation and organization.

Perfectly fitted cupboards run along the walls in the corridors, providing cloakroom space, mail compartments, and storage for the central archive.

Leadership

Merck Finck Privatbankiers has a new leadership team in place, with Matthias Schellenberg taking over as the new CEO. He will assume his duties in January 2017.

The bank has a four-member board, consisting of Schellenberg, Michael Krume as his deputy, and Udo Kröger and Joachim Gorny. This structure will help drive the bank's development forward.

Schellenberg brings over 20 years of experience in the financial industry to his new role, having previously worked at UBS Deutschland for three years, where he was responsible for asset management in Germany, Austria, and Central Europe.

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Managing Directors

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The managing directors of Merck Finck Privatbankiers have played a crucial role in shaping the bank's strategy and direction.

Wilhelm von Finck led the bank from 1879 to 1924, a period marked by significant growth and expansion.

The bank has had several notable managing directors, including August von Finck Sr., who led the bank from 1924 to 1980.

Here's a list of the managing directors of Merck Finck Privatbankiers:

  • 1879–1924 Wilhelm von Finck
  • 1924–1980 August von Finck Sr.
  • 1980–1991 August von Finck Jr.
  • 1991–1995 Wilhelm Winterstein
  • 1995–2002 Gerd Schmitz-Morkramer
  • 2002–2010 Alexander Mettenheimer
  • 2010–2015 Michael Krume and Georg Freiherr von Boeselager
  • since 2017 Matthias Schellenberg, Michael Krume
  • since January 2023 Michael Savenay, CEO Merck Finck

Matthias Schellenberg has been a key figure in the bank's leadership, taking over as managing director in 2017.

Interview: Peter Toffel

Peter Toffel has been a banker for 37 years, and over 20 of those years have been spent at Merck Finck. He's seen his fair share of financial upheavals and is passionate about sharing his experiences with clients and younger colleagues.

With over two decades of experience at Merck Finck, Peter has developed a deep understanding of the importance of continuity and expertise in wealth management. He believes this is especially crucial in times of political turmoil.

Peter's extensive experience has taught him that continuity and expertise are key to making wealth "wetterfest" - a German idiom that roughly translates to making wealth more resilient to external factors.

Shareholders and Partners

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Merck Finck Privatbankiers is a private bank that has been around for over 150 years, with a rich history dating back to 1871.

The bank's shareholders are a mix of private individuals and institutional investors, including the Merck family, who have been instrumental in shaping the bank's direction over the years.

The bank has a strong partnership with the Merck Group, a global pharmaceutical and chemical company, which has helped to drive innovation and growth.

As a result of this partnership, Merck Finck Privatbankiers has been able to offer its clients a unique range of financial services and products, including investment advice and asset management.

The bank's expertise in wealth management and private banking has made it a go-to partner for high net worth individuals and families.

Merck Finck Privatbankiers has a strong presence in Germany and Europe, with a network of offices and partnerships that enable it to serve clients across the region.

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New Developments

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Merck Finck Privatbankiers has been making strides in its digital transformation. The bank has been investing heavily in its online platform, allowing clients to access their accounts and conduct transactions more easily.

The bank's efforts have paid off, with a significant increase in online banking adoption among its clients. This shift towards digital banking has not only improved the user experience but also reduced costs for the bank.

Merck Finck Privatbankiers has also been expanding its services to cater to the growing demand for wealth management solutions. The bank's expertise in investment and asset management has made it a trusted partner for high-net-worth individuals.

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Verstärkung durch Konkurrenz

Merck Finck has just welcomed nine new team members, including Till Keulen, who previously worked at BNP Paribas Wealth Management.

Till Keulen, a seasoned professional, has joined Merck Finck as the leader of the Frankfurt branch and is also responsible for the region of Mitte/Nord, covering Frankfurt, Hamburg, and Berlin.

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Christian Bewerung and Kirsten Lindemann, both experienced customer advisors, have also made the switch to Merck Finck.

Stefan Winkler, an assistant, has joined the team as well.

This transfer brings valuable expertise to the company, especially given that BNP Paribas recently acquired the private banking business of HSBC in Germany.

Neuer Fokus Auf UHNWI

Merck Finck has created a dedicated unit for Ultra-High-Net-Worth Individuals (UHNWI), led by Sönke Niefünd.

This move highlights the importance of the UHNWI segment for Merck Finck's growth and the overall Quintet Group.

Sönke Niefünd was previously the Regional Director in Hamburg and will now focus on serving the high-net-worth private clients.

Frank Harnau will take over as the new Regional Director in Hamburg.

Merck Finck is positioning itself for further growth and strengthening its Wealth Management capabilities to meet the demands of high-net-worth clients.

By doing so, Merck Finck is better equipped to cater to the unique needs of its UHNWI clients.

George Murphy

Senior Assigning Editor

George Murphy serves as a seasoned Assigning Editor, overseeing a wide range of financial articles. His expertise lies in high-frequency trading strategies, where he provides in-depth analysis and insights to his readers. Under his guidance, the publication has garnered recognition for its authoritative and forward-looking coverage in the financial sector.

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