Formerly | Compagnie Financiere Martin-Maurel SA |
---|---|
Company type | Subsidiary |
Industry | Financial services |
Founded | 1825 (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 |
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.
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.
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]
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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