Oscar Schlitter
| Oscar Schlitter | |
|---|---|
| Born | 10 January 1868 Lennep, Rhine Province, Prussia |
| Died | 30 November 1939 (aged 71) Berlin, Germany |
| Nationality | German |
| Occupation | Banker |
| Spouse(s) | Anna Bandhauer |
| Children | Oskar Hermann Artur Schlitter |
"Schlitter – das ist ein Mann der keine Feinde hat"
"Schlitter – that is a man without enemies"
Oscar Schlitter (10 January 1868 – 30 November 1939) was a German banker. Reflecting the long-standing "hands-on" approach of banks in Germany, Schlitter was involved in several major commercial and industrial mergers. He played a leading role in the 1929 merger of the indebted German VGF company with the Dutch ENKA business, creating one of the leading European producers of rayon.
Schlitter's father, Albert, served as a soldier as a young man and later worked in a post office at Lennep, at that time a separate town, but subsequently subsumed into Remscheid. Oscar was born in Lennap in 1868. The family relocated to Düsseldorf in 1869. Düsseldorf was becoming a centre for the rapidly expanding railway network, and Albert took work as a train conductor. Schlitter grew up in Dusseldorf, attended school and then undertook commercial training.
After a banking apprenticeship with the Bergisch-Märkische Bank in Elberfeld, he switched in 1894 to the Credit-Anstalt Bank in Essen, where he drove an expansion of the bank's activities into large-scale industrial investment. He was appointed to the Executive Board of Directors in 1901.
In 1906, at the instigation of Carl Klönne, he took a directorship with Deutsche Bank. Just two years later he moved on again, becoming in 1908 the General Director of the Bergisch-Märkische Bank. The move took place in the context of an existing close relationship between the two banks, though it was not until 1914 that Deutsche Bank formally took over the Bergisch-Märkische Bank. In 1912 he returned to Deutsche Bank, now as a full member of the executive board, and was much involved in the fusion of the two banks which was, at the time, the largest such bank merger to date.
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