Founded in 1922, Bank Gutmann AG, a private bank based in

Vienna en, Viennese , iso_code = AT-9 , registration_plate = W , postal_code_type = Postal code , postal_code = , timezone = CET , utc_offset = +1 , timezone_DST ...

Schwarzenbergplatz Schwarzenbergplatz is a square in Vienna, Austria. It is actually more like a small, open street than a square, and it runs between the Kärntner Ring section of the Ringstraße and Lothringerstraße. Travelling south, the street, Schwarzenbergs ...

, specializes in

asset management Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

and is the market leader in

Austria Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous ...

. The

private bank Private banks are banks owned by either the individual or a general Partner (business rank), partner(s) with limited partner(s). Private banks are not incorporation (business), incorporated. In any such case, creditors can look to both the "enti ...

is 80 percent owned by the Kahane family and 20 percent by executive and non-executive partners. Gutmann currently manages client assets of €20.5 billion (as of 2019). Clients include domestic and foreign entrepreneurs as well as entrepreneurial families, foundations, wealthy private clients and institutional investors.

History

Founded in 1922, Bank Gutmann was active in all areas of the banking business at the time, with the exception of accepting savings deposits and issuing bonds and mortgage bonds. Its clientele included the most important companies in the Gutmann Group as well as a number of companies not belonging to the Gutmann Group. Bank Gutmann managed the finances for the companies of the Gutmann Group, but did not hold any shares in them. The Gutmann Group was hit hard by the global

economic crisis An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the p ...

in the 1930s. After the

National Socialists Nazism ( ; german: Nazismus), the common name in English for National Socialism (german: Nationalsozialismus, ), is the far-right totalitarian political ideology and practices associated with Adolf Hitler and the Nazi Party (NSDAP) in Na ...

seized power in 1938, the assets of the Gutmann family were " aryanised". In this context, the liquidation of Bank Gutmann was initiated, but not completed until the end of the

Second World War World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...

. In 1947, the Gutmann family successfully applied to the Austrian Ministry of Finance for the liquidation to be terminated and for the bank license to be revived. However, Bank Gutmann did not subsequently develop any activities other than the payment of pensions for former employees. In 1957, Karl Kahane acquired the bank from the Gutmanns and began to rebuild the banking business. Initially, the focus was on

foreign exchange The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all as ...

transactions for leading Austrian companies. After the expansion of further business areas, Bank Gutmann was converted into a

public limited company A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company ...

in 1971. In the 1980s, Bank Gutmann placed bonds of the Republic of Austria and state-owned utilities and road construction companies with the country's leading insurance institutions. Bank Gutmann was also involved in the establishment of external pension funds in the 2000s as an investor and consultant.

Business area

Bank Gutmann has specialized in asset management and investment consulting since the 1980s. Gutmann's clients include domestic and foreign entrepreneurs, foundations, wealthy private clients and families as well as institutional investors. In addition to asset management and investment advice for private clients, Gutmann's area of activity also includes institutional clients. Over the years, private equity and real estate have also developed into specific areas of expertise. In addition to its core business in Austria, Bank Gutmann serves clients from

Central Central is an adjective usually referring to being in the center of some place or (mathematical) object. Central may also refer to: Directions and generalised locations * Central Africa, a region in the centre of Africa continent, also known as ...

and

Eastern Europe Eastern Europe is a subregion of the Europe, European continent. As a largely ambiguous term, it has a wide range of geopolitical, geographical, ethnic, cultural, and socio-economic connotations. The vast majority of the region is covered by Russ ...

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

and

Latin America Latin America or * french: Amérique Latine, link=no * ht, Amerik Latin, link=no * pt, América Latina, link=no, name=a, sometimes referred to as LatAm is a large cultural region in the Americas where Romance languages — languages derived f ...

. The bank has its own local branches in

Hungary Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia a ...

(

Budapest Budapest (, ; ) is the capital and most populous city of Hungary. It is the ninth-largest city in the European Union by population within city limits and the second-largest city on the Danube river; the city has an estimated population ...

) and the

Czech Republic The Czech Republic, or simply Czechia, is a landlocked country in Central Europe. Historically known as Bohemia, it is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the southeast. The ...

(

Prague Prague ( ; cs, Praha ; german: Prag, ; la, Praga) is the capital and largest city in the Czech Republic, and the historical capital of Bohemia. On the Vltava river, Prague is home to about 1.3 million people. The city has a temperate ...

Teaching and Research

The "WU Gutmann Center for Portfolio Management" was founded in 2001.

The Gutmann Kapitalanlageaktiengesellschaft KAG

''Gutmann Kapitalanlageaktiengesellschaft'' is a wholly owned subsidiary of Bank Gutmann AG and currently manages around 130 investment funds with a total volume of around €20.5 billion (as of 2019).

External links

Official Website

References

Banks of Austria Companies based in Vienna Mortgage lenders Banks established in 1922 Austrian companies established in 1922 {{Austria-company-stub