Knut Agathon Wallenberg

Knut Agathon Wallenberg (19 May 1853 – 1 June 1938) was a Swedish banker and politician, he was also a Knight of the Order of the Seraphim. Wallenberg was Minister for Foreign Affairs 1914–1917, and member of the Riksdag's Första kammaren (the Upper house) 1907–1919. Together with his wife, he created Knut and Alice Wallenberg Foundation, which is one of the main contributors to the private university Stockholm School of Economics. Wallenberg was one of the founders of the Stockholm School of Economics, and is also seen as the founder of the community of Saltsjöbaden and an associated railroad.

Knut Agathon Wallenberg
Minister for Foreign Affairs
In office
1914–1917
Preceded byAlbert Ehrensvärd
Succeeded byArvid Lindman
Personal details
Born(1853-05-19)19 May 1853
Stockholm, Sweden
Died1 June 1938(1938-06-01) (aged 85)
Stockholm, Sweden
Political partyNational Party
Spouse(s)Alice Nickelsen (m. 1878)
OccupationBanker

Early life

Wallenberg was born on 19 May 1853 in Katarina Parish, Stockholm,[1] the son of André Oscar Wallenberg (1816–1886) and his first wife Catharina Wilhelmina Andersson (1826–1855). He was the brother of Oscara (1847–1863), Jacob (1851–1872), and Wilhelm (1855–1910).[2][3] He also had 14 half-siblings, including Marcus (1864–1943) and Victor (1875–1970).

Career

In 1874 Wallenberg was commissioned as a naval officer and became Acting Sub-Lieutenant (Underlöjtnant) in the Swedish Navy the same year and joined the board of Stockholms Enskilda Bank.[4] In 1876 he went to Georgiis' Banking Institution (Georgiis bankinstitut), and he was appointed lieutenant in the navy in 1876, from which he resigned in 1882. Wallenberg was then employed by the Crédit Lyonnais in Paris from 1877 to 1878. After his father's death, Wallenberg, who has long been involved in the management of Stockholms Enskilda Bank, took over as the CEO. In many respects his father's spiritual heir, the company led by him became one of Sweden's foremost, which mediated the taking up of large government loans and other significant deals. He was also the driving force for many in the economic field, including in the creation of the residential community Saltsjöbaden near Stockholm and the railways connecting these places. From 1883 he belonged to the Stockholm City Council (Stockholms stadsfullmäktige) and from 1890 its Drafting Committee (Beredningsutskottet).[4]

Personal life

In 1878 he married Alice Olga Constance Nickelsen (1858–1956).[4] The couple adopted Jeanne Nyström (1885–1962), who was then two years old, in 1887 and she was named Nannie Wallenberg. She was born out of wedlock to Jean Karadja Pasha, and thus half-sister to Constantin Karadja.

Death

Wallenberg died on 1 June 1938 in Skeppsholm Parish, Stockholm.[1]

Awards

Swedish

Foreign

Honours

See also

References

Notes
  1. Sveriges dödbok 1901-2009 [Swedish death index 1901-2009] (in Swedish) (Version 5.0 ed.). Solna: Sveriges släktforskarförbund. 2010. ISBN 9789187676598. SELIBR 11931231.
  2. Key 1916, pp. 26, 265.
  3. Key 1916, pp. 200-201.
  4. Hofberg, Herman; Heurlin, Frithiof; Millqvist, Viktor; Rubenson, Olof (1906). Svenskt biografiskt handlexikon: alfabetiskt ordnade lefnadsteckningar af Sveriges namnkunniga män och kvinnor från reformationen till nuvarande tid. Senare delen, L-Ö ; Samt supplement (in Swedish) (Ny uppl. /grundligt genomsedd, omarbetad och till våra dagar framförd af Frithiof Heurlin ... ed.). Stockholm: Bonnier. p. 687. SELIBR 81314.
  5. Sveriges statskalender för året 1925 (in Swedish). Uppsala: Almqvist & Wiksell. 1925. p. 806.
  6. Sveriges statskalender för året 1931 (in Swedish). Uppsala: Fritzes offentliga publikationer. 1931. p. 6.
  7. Sveriges statskalender för året 1925 (in Swedish). Uppsala: Almqvist & Wiksell. 1925. p. 935.
  8. Sveriges statskalender för år 1905 (in Swedish). Stockholm: P.A. Nordstedt & Söner. 1904. p. 527.
  9. Sveriges statskalender för år 1915 (in Swedish). Uppsala: Fritzes offentliga publikationer. 1915. p. 731.
  10. Sveriges statskalender för år 1905 (in Swedish). Stockholm: P.A. Nordstedt & Söner. 1904. p. 512.
  11. Svensk rikskalender 1910 (in Swedish). Stockholm: P. A. Nordstedt & Söner. 1909. p. 756. SELIBR 498191.
  12. Sveriges statskalender för år 1915 (in Swedish). Uppsala: Fritzes offentliga publikationer. 1915. p. 66.
  13. Svensk rikskalender 1908 (in Swedish). Stockholm: P. A. Nordstedt & Söner. 1908. p. 725. SELIBR 498191.
  14. Sveriges statskalender för år 1915 (in Swedish). Uppsala: Fritzes offentliga publikationer. 1915. p. 636.
  15. Sveriges statskalender för år 1915 (in Swedish). Uppsala: Fritzes offentliga publikationer. 1915. p. 655.

Print

Further reading
  • Olsson, Ulf (2006). Finansfursten: K A Wallenberg 1853-1938 (in Swedish). Stockholm: Atlantis. ISBN 9173531367. SELIBR 10154528.
Business positions
Preceded by
André Oscar Wallenberg		 CEO of Stockholms Enskilda Bank (SEB)
1886–1911		 Succeeded by
Marcus Wallenberg Sr.
Government offices
Preceded by
Albert Ehrensvärd		 Minister for Foreign Affairs
1914–1917		 Succeeded by
Arvid Lindman
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