S. G. Warburg & Co.: Difference between revisions

The bank gained clients and grew rapidly in the 1960s and 1970s. In the early 1970s, S.&nbsp;G. Warburg entered into a U.S. joint venture with Paris-based [[Paribas]] (Banque de Paris et des Pays-Bas, prior to the bank's nationalisation in 1982) named Mercury Securities.<ref>Manfred Pohl, Sabine Freitag. ''[https://books.google.com/books?id=eXvfNDHpfWwC&pg=PA250 Handbook on the history of European banks]''. Edward Elgar Publishing, 1994</ref><ref name=FT1982>"The Financial Times has examined the problems which caused S.&nbsp;G. Warburg, a Mercury Securities subsidiary, and Paribas to lift their joint stake in A G Becker-Warburg Paribas Becker to just over 50%." ''Financial Times'', 13 July 1982</ref> In 1974, S.&nbsp;G. Warburg and [[Paribas]] took a 40% interest in [[A.G. Becker & Co.]], a U.S.-based brokerage. Although the joint venture initially provided an international dimension for its three members, the relationships soured in the late 1970s and early 1980s.<ref name=illfated>[https://www.nytimes.com/1984/08/07/business/becker-paribus-an-ill-fated-union.html "Becker Paribus: An Ill-Fated Union"]. ''The New York Times'', 7 August 1984</ref> The joint venture was plagued by competition between Warburg and [[Paribas]], as well as cultural conflicts between French, English, and American executives. Although Warburg had originally planned to buy out Paribas, after [[Siegmund Warburg]]'s death, Paribas bought out Warburg's interest in the joint venture in early 1983. Following the departure of Warburg from the joint venture, the firm was renamed A.G. Becker Paribas.<ref name=illfated /><ref>[https://www.nytimes.com/1983/03/24/business/french-partner-to-buy-british-share-in-becker.html "French Partner To Buy British Share In Becker"]. ''The New York Times'', 24 March 1983</ref><ref>Kathryn Rudie Harrigan. ''[https://books.google.com/books?id=JeY_afXHSnEC&pg=PA208 Joint Ventures, Alliances, and Corporate Strategy]''. Beard Books, 2003</ref>

 

 

===Swiss Bank Corporation acquisition===

 

===Business===

* [[Simon Cairns, 6th Earl Cairns]], managing director 1979–1985

* [[Michael Cohrs]], Member of Court and Financial Policy Committee [[Bank of England]]

* [[John Cryan]], chief financial officer, [[UBS AG]]

* [[Hugh Stevenson (investment banker)|Sir Hugh Stevenson]], Chairman of [[Mercury Asset Management]] (1992-1998), Chairman of [[Equitas]] (1998-2009)

* [[Ian Wace]], CEO of [[Marshall Wace]]

===Politics===

* [[Peter Ainsworth]], former Shadow Environment Secretary

* [[David Freud]], Parliamentary Under Secretary of State for Work and Pensions

* [[William Hopper (politician)|William Hopper]], former [[Member of the European Parliament]]

* [[George Jellicoe, 2nd Earl Jellicoe|Earl Jellicoe]], former [[Lord Privy Seal]]

 

===Other===