Rothschild Martin Maurel
French private bank
From Wikipedia, the free encyclopedia
Rothschild Martin Maurel (formerly Banque Martin Maurel) is a French private bank headquartered in Paris, with a significant presence in France, Belgium, Monaco and Luxembourg. Its origins date back to 1825.
 | |
| Formerly | Compagnie Financiere Martin-Maurel SA |
|---|---|
| Company type | Subsidiary |
| Industry | Financial services |
| Founded | 1825 (as Banque Martin Frères) |
| Headquarters | 29, Av. de Messine, Paris , France |
Key people | Bernard Maurel Lucie Maurel-Aubert David René de Rothschild (director) |
| Products | Private Banking |
| Parent | Rothschild & Co (2017–present) Martin Maurel (1964–2017) Banque Maurel (1929–1964) |
| Website | www |
History
Early history
The Banque Martin Maurel was established in 1964 as a result of a merger of Banque Martin Frères (founded in 1825) and 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 S.A.M. 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 ($270 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]
By 2 January 2017, the merger between Banque Martin Maurel and Rothschild & Cie Banque was complete, creating 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.[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][10]
