Rothschild Martin Maurel

Last updated
Rothschild & Co Martin Maurel (Rothschild Martin Maurel)
FormerlyCompagnie Financiere Martin-Maurel SA
Company type Subsidiary
Industry Financial services
Founded1825 (as Banque Martin Frères)
Headquarters
29, Av. de Messine, Paris
,
Key people
Bernard Maurel
Lucie Maurel-Aubert
David René de Rothschild (director)
Products Private Banking
Parent Rothschild & Co (2017–present)
Martin Maurel (1964–2017)
Banque Maurel (1929–1964)
Website www.rothschildandco.com

Rothschild Martin Maurel (formerly Banque Martin Maurel) is a French private bank headquartered in Paris, with a significant presence in France, Belgium, and Monaco. Its origins date back to 1825.

Contents

History

Martin Maurel Sella, a Monaco private banking subsidiary Martin Maurel Sella.jpg
Martin Maurel Sella, a Monaco private banking subsidiary

Early history

The Banque Martin Maurel was established in 1964 as a result of a merger of Banque Martin Frères (founded in 1825) and Banque Maurel (founded in 1929) by Robert Maurel. [1] [2] At the time, the bank became a subsidiary of the holding company Compagnie Financière Martin Maurel Société Anonyme. [3] [4]

In 2000, Martin Maurel co-founded the Martin Maurel Sella Banque Privée – Monaco S.A.M. with the Italian Banca Sella Group which [1] as of 2011 held over 1.8 billion Euros in assets. [5] This is in addition to the existing Monaco operations, which have dated back to 1987.

Acquisition by Rothschild & Co

In June 2016, Rothschild & Co announced plans to acquire Banque Martin Maurel for €240 million ($270 million). [6] At the time Martin Maurel had €10 billion of assets under management in France, most of which part of its private banking business. As a result, Rothschild Matin Maurel became leading independent private bank in France, with combined AUM of €34 billion. [7]

By 2 January 2017, the merger between Banque Martin Maurel and Rothschild & Cie Banque was complete, creating Rothschild Martin Maurel. [8]

Current Operations

The bank is headquartered at 29 Avenue de Messine in Paris; [9] however, its main office is at another address in Marseille. [3] The bank has branches in Paris, Marseille, Aix-en-Provence, Lyon, Brussels, Neuilly-sur-Seine, and Monaco. [3] [5]

It is a member of the Groupement Européen de Banques. [5] [10]

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References

  1. 1 2 Banque Martin Maurel: History
  2. "Groupement Européen de Banques: Banque Martin Maurel". GEB E.E.I.G.
  3. 1 2 3 Company Overview of Banque Martin Maurel SA, Bloomberg Business
  4. Charles Gilbert, Les Maurel, L'Express , June 27, 2002
  5. 1 2 3 Anne de Guigné, La banque Martin-Maurel défend son identité, Le Figaro , April 14, 2011
  6. Bray, Chad (2016-06-06). "Rothschild & Company to Acquire Compagnie Financière Martin Maurel". The New York Times. ISSN   0362-4331 . Retrieved 2019-05-20.
  7. Valentini, Fabio Benedetti (June 5, 2016). "Rothschild & Co. Buying Martin Maurel to Expand in France". Bloomberg . Retrieved 2019-05-20.
  8. "La fusion-absorption de Martin Maurel par Rothschild & Co est effective". Gomet. Retrieved 1 March 2024.
  9. Le trésor des Martin Maurel, Le Point , October 7, 2014
  10. "Banque Martin Maurel". Groupement Européen de Banques.