Rothschild Martin Maurel

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.

Rothschild Martin Maurel
FormerlyBanque Martin Maurel
Type Subsidiary
IndustryFinancial Services
Founded2017 (as Rothschild Martin Maurel)
1964 (as Martin Maurel)
1929 (as Banque Maurel)
1825 (as Banque Martin Frères)
Headquarters
43, rue Grignan, Marseille
,
France
Key people
Bernard Maurel
Lucie Maurel-Aubert
David René de Rothschild (director)
ProductsPrivate Banking
ParentRothschild & Co
Websitewww.rothschildandco.com

History
The subsidiary in Monaco

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[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

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 became leading independent private bank in France, with combined AUM of €34 billion.[7]

In 2017 after the close of the acquisition, Rothschild merged Martin Maurel and its own private bank to form Rothschild Martin Maurel.

Current Operations

The bank is headquartered at the historic bastide at 540 Avenue du Prado 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, Grenoble, Brussels, Neuilly-sur-Seine, and Monaco.[3][5]

It is a member of the Groupement Européen de Banques.[5][9]

References
  1. Banque Martin Maurel: History
  2. Groupement Européen de Banques: Banque Martin Maurel
  3. Company Overview of Banque Martin Maurel SA, Bloomberg Business
  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. Bray, Chad (2016-06-06). "Rothschild & Company to Acquire Compagnie Financière Martin Maurel". The New York Times. ISSN 0362-4331. Retrieved 2019-05-20.
  7. Valentini, Fabio Benedetti (June 5, 2016). "Rothschild & Co. Buying Martin Maurel to Expand in France". www.bloomberg.com. Retrieved 2019-05-20.
  8. Le trésor des Martin Maurel, Le Point, October 7, 2014
  9. Groupement Européen de Banques: Members


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