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[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.[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]