Eugen Gutmann Kommerzienrat a.d. | |
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![]() Gutmann portrayed by Max Liebermann, 1907 | |
Born | Eugen Gutmann 24 June 1840 |
Died | August 21, 1925 85) | (aged
Resting place | Berlin-Wedding |
Nationality | German |
Occupations |
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Known for |
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Children | 7, including Friedrich |
Eugen Gutmann (24 June 1840 - 21 August 1925) was a German banker, philanthropist and art collector who is primarily known for founding Dresdner Bank and co-founder of Deutsche Orientbank and the German-South American merchant bank. [1]
He primarily collected silverware which was partially sold to J. P. Morgan and today is exhibited at the Metropolitan Museum of Art. [2] [3] [4] Gutmann is also the namesake of the Eugen-Gutmann-Society (Eugen-Gutmann-Gesellschaft) which is the historical association preserving the history of Commerzbank. [5]
Gutmann was born 24 June 1840 in Dresden, Saxony, the third of twelve children, to Bernhard Gutmann (né Baruch Gutmann), a private banker, and Maria (née Lederer), who was originally from Bohemia. [6] He was raised in a wealthy Jewish family. [7]
In 1872, Gutmann advised the v. Kaskel family, to form a stock corporation and turn their family bank into Dresdner Bank. Between 1872 and 1920, Gutmann served as chairman of the supervisory board and is referred to as the founder of the banking institute. In 1905, he was the co-founder of Deutsche Orientbank and the German-South American merchant bank. He was also notable for being the financier and board member of several companies in the German heavy industry.
In 1873, Gutmann married Sophie Magnus-Gerson, of Leipzig. They had seven children;
Gutmann died aged 85 on 21 August 1925 in Munich. Gutmann and his family converted from Judaism to Christianity in 1889.
Dresdner Bank AG was a German bank, founded in 1872 in Dresden, then headquartered in Berlin from 1884 to 1945 and in Frankfurt from 1963 onwards after a postwar hiatus. Long Germany's second-largest bank behind Deutsche Bank, it was eventually acquired by Commerzbank in May 2009.
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