Rothschild Martin Maurel
 | |
| Formerly | Banque Martin Maurel |
|---|---|
| Type | Subsidiary |
| Industry | Financial services |
| Founded | 2017 (as Rothschild Martin Maurel) 1964 (as Martin Maurel) 1929 (as Banque Maurel) 1825 (as Banque Martin Frères) |
| Headquarters | 43, rue Grignan, Marseille , |
Key people | David René de Rothschild (director) |
| Products | Private Banking |
| Parent | Rothschild & Co |
| Website | www |
Rothschild Martin Maurel (previously Banque Martin Maurel) is a French private bank headquartered in Marseille, with a significant presence in France, Belgium, and Monaco. Its origins date back to 1825.
History[]
Early History[]
The Banque Martin Maurel was established in 1964 as a result of a merger of Banque Martin Frères (founded in 1825) 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 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.[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]
In 2017 after the close of the acquisition, Rothschild merged Banque Martin Maurel and its own private bank Rothschild & Cie Banque to form Rothschild Martin Maurel.
Current Operations[]
The bank is headquartered at the historic bastide at 540 in Marseille;[8] 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][9]
References[]
- ^ a b Banque Martin Maurel: History
- ^ Groupement Européen de Banques: Banque Martin Maurel
- ^ a b c Company Overview of Banque Martin Maurel SA, Bloomberg Business
- ^ Charles Gilbert, Les Maurel, L'Express, June 27, 2002
- ^ a b c Anne de Guigné, La banque Martin-Maurel défend son identité, Le Figaro, April 14, 2011
- ^ Bray, Chad (2016-06-06). "Rothschild & Company to Acquire Compagnie Financière Martin Maurel". The New York Times. ISSN 0362-4331. Retrieved 2019-05-20.
- ^ Valentini, Fabio Benedetti (June 5, 2016). "Rothschild & Co. Buying Martin Maurel to Expand in France". www.bloomberg.com. Retrieved 2019-05-20.
- ^ Le trésor des Martin Maurel, Le Point, October 7, 2014
- ^ Groupement Européen de Banques: Members
External links[]
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- Companies based in Marseille
- Banks of France
- Banks established in 1964
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