Morgan, Grenfell & Co.
| File:Morgangrenfell.png | |
| Industry | Investment bank |
|---|---|
| Fate | Acquired |
| Successor | Deutsche Bank |
| Founded | 1838 |
| Headquarters | London, England, United Kingdom |
Morgan, Grenfell & Co. was a leading London-based investment bank regarded as one of the oldest and once most influential British merchant banks.
Contents
History
The bank was founded by the American George Peabody in 1838 as the UK branch of his US bank which subsequently became known as J.P. Morgan & Co.[1] In 1904, Edward Grenfell was made a partner in the firm, and, in 1909, it underwent a change of name to become Morgan, Grenfell and Company. It played a key role in reconstructing Europe in the 1920s and had an extremely effective corporate finance department.[1] J.P. Morgan & Co. divested 33% of its shares in Morgan Grenfell in 1933 and all the remaining shares in 1982.[2]
In 1990 Morgan Grenfell was acquired by Deutsche Bank for $1.48 billion and was renamed Deutsche Morgan Grenfell [2] until 1999 when the use of the Morgan Grenfell name was discontinued by Deutsche Bank.[3]
Notable current and former employees
Business
- Lord Bicester, former Chairman of Yule Catto & Co.
- Lord Catto, former Governor of the Bank of England
- John Craven, Non-Executive Director, Reuters Group
- Chris Grigg, Chief Executive, British Land
- Nicola Horlick, Founder of Bramdean Asset Management
- James Murren, President, Chairman of the Board and Chief Executive Officer, MGM Resorts International
- Christopher Reginald Reeves, Group Chief Executive, Morgan Grenfell ; Chairman Merrill Lynch Europe, Middle East & Africa
- Ian Wace, Founder of Marshall Wace Asset Management
- Bob Wigley, Former Chairman, Merrill Lynch Europe, Middle East & Africa
Politics
- Quentin Davies, Minister for Defence Equipment, Support and Technology
- Tan Jee Say, Singaporean politician, Regional Director ACCA Asia-Pacific
- Lord St Just former Member of Parliament for the City of London
References
- ↑ 1.0 1.1 Burk, Kathleen
- ↑ 2.0 2.1 Germans to Buy Morgan Grenfell New York Times, 28 November 1989
- ↑ Morgan Grenfell bites the dust BBC News, 4 June 1999
Further reading
- Kathleen Burk, Morgan Grenfell 1838-1988: The Biography of a Merchant Bank, Clarendon Press, 1989 ISBN 978-0-19-828306-5
- Dominic Hobson, The Pride of Lucifer: the unauthorised Biography of Morgan Grenfell, Mandarin 1991 ISBN 0-7493-0502-9
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