Rothschild Martin Maurel Explained

Rothschild Martin Maurel
Former Name:Rothschild Martin Maurel
Type:Subsidiary
Industry:Financial services
Foundation:2017 (as Rothschild Martin Maurel)
1964 (as Martin Maurel)
1929 (as Banque Maurel)
1825 (as Banque Martin Frères)
Location City:29, Av. de Messine, Paris
Location Country:France
Key People:Bernard Maurel
Lucie Maurel-Aubert
David René de Rothschild (director)
Products:Private Banking
Parent:Rothschild & Co

Rothschild Martin Maurel (previously 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.

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 Martin Maurel Sella - Banque Privée Monaco with the Italian Banca Sella Group which 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.[8]

Current Operations

The bank is headquartered at 29 Avenue de Messine in Paris;[9] however, its main office is at another address in Marseille. The bank has branches in Paris, Marseille, Aix-en-Provence, Lyon, Brussels, Neuilly-sur-Seine, and Monaco.

It is a member of the Groupement Européen de Banques.[10]

External links

Notes and References

  1. http://www.martinmaurel.com/historique.html Banque Martin Maurel: History
  2. https://www.gebanks.com/gb/company_profile/banque_martin_maurel.jsp Groupement Européen de Banques: Banque Martin Maurel
  3. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=1001213 Company Overview of Banque Martin Maurel SA
  4. Charles Gilbert, Les Maurel, L'Express, June 27, 2002
  5. Anne de Guigné, La banque Martin-Maurel défend son identité, Le Figaro, April 14, 2011
  6. News: Rothschild & Company to Acquire Compagnie Financière Martin Maurel. Bray. Chad. 2016-06-06. The New York Times. 2019-05-20. en-US. 0362-4331.
  7. Web site: Rothschild & Co. Buying Martin Maurel to Expand in France. Valentini. Fabio Benedetti. June 5, 2016. www.bloomberg.com. 2019-05-20.
  8. Web site: La fusion-absorption de Martin Maurel par Rothschild & Co est effective . 1 March 2024 . Gomet.
  9. http://www.lepoint.fr/villes/le-tresor-des-martin-maurel-07-10-2014-1870113_27.php Le trésor des Martin Maurel
  10. https://www.gebanks.com/gb/members.jsp Groupement Européen de Banques: Members