Max Warburg
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Max Warburg (
1867 –
1946),
Paul Warburg's brother, was a German banker and was, from
1910 till
1938, director of
M. M. Warburg & Co. in
Hamburg,
Germany. Prior to his directing of the Warburg banking company, he developed appranticeship in Frankfurt, Amsterdam, Paris and London. As head of that important firm, he advised
Kaiser Wilhelm II prior to
World War I. In the
1930s, despite the rise of the
Nazi Party, Warburg felt there was hope for a better future in Germany and from
1933 served on the board of the German
Reichsbank under governor
Hjalmar Schacht. Because however he was Jewish, he ultimately had to sell the bank under duress and emigrate in
1938 to the
United States.
He has a son by the name of Eric Warburg.
See also
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