Siegmund Warburg
| Siegmund George Warburg | |
|---|---|
 |
|
| Born |
30 September 1902 Seeburg, Germany |
| Died | 22 October 1982 (aged 80) London, United Kingdom |
| Occupation | Banker |
Sir Siegmund George Warburg (30 September 1902 – 22 October 1982) was a German-born English banker. He was a member of the prominent Warburg family. He played a prominent role in the development of merchant banking.
He was born in the village of Seeburg, Germany (today part of Bad Urach), the only child of Georges Siegmund Warburg and Lucie.
Georges Siegmund Warburg and Lucie raised a young Siegmund Warburg on an estate (Uhenfels Castle) in Swabia in South West Germany far away from the main branch of the family, which operated the second largest bank in Hamburg, up north. Siegmund had a sincere and deep affection for his mother who taught him to have a critical and inquisitive mind.
In the period immediately before the Second World War he worked under cover for the Z Organisation, a highly secret offshoot of MI6/SIS, and reported impressively from Switzerland on his regular meetings with Hjalmar Schacht, then the president of the Nazi German Reichsbank and thus the most powerful German banker.
He was forced to flee the National Socialist regime of Adolf Hitler and moved to the United Kingdom in 1934 where he co-founded S. G. Warburg & Co. in 1946 with Henry Grunfeld.
In the United Kingdom, Siegmund was considered an 'upstart' to the establishment in the City of London. His most famous achievement was the establishment of the EuroBond market. He firmly believed that financial integration of Europe was an essential and natural step in the development of the European economy. He was a firm supporter of European Integration and involved in organizations dedicated to this goal, like the Action Committee for a United States of Europe, the United Kingdom Council of the European Movement, the European Foundation or the Bilderberg group (Warburg 2010: xx, 460).
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