Erich Moritz Warburg (15 April 1900 – 9 July 1990) was a German and American businessman and a member of the prominent

Warburg family The Warburg family is a prominent German and American banking family of German Jewish and originally Venetian Jewish descent, noted for their varied accomplishments in biochemistry, botany, political activism, economics, investment banking, law, ...

German-Jewish The history of the Jews in Germany goes back at least to the year 321, and continued through the Early Middle Ages (5th to 10th centuries CE) and High Middle Ages (''circa'' 1000–1299 CE) when Jewish immigrants founded the Ashkenazi Jewish ...

bankers.

Early life and education

Warburg was born to a

Jewish Jews ( he, יְהוּדִים, , ) or Jewish people are an ethnoreligious group and nation originating from the Israelites Israelite origins and kingdom: "The first act in the long drama of Jewish history is the age of the Israelites""The ...

family in

Hamburg (male), (female) en, Hamburger(s), Hamburgian(s) , timezone1 = Central (CET) , utc_offset1 = +1 , timezone1_DST = Central (CEST) , utc_offset1_DST = +2 , postal ...

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 ...

on April 15, 1900''New York Times'': "Eric Warburg, 90, Investment Banker From Germany, Dies" By ALFONSO A. NARVAEZ
July 11, 1990 His parents were Alice (née Magnus) and

Max Warburg Max Moritz Warburg (5 June 1867 – 26 December 1946) was a German banker and scion of the wealthy Warburg family based in Hamburg, Germany. Early life Max Warburg was one of seven children born to Moritz Warburg, the director of the family's Ha ...

, director of M. M. Warburg & Co. and scion of the Warburg banking family. Warburg was educated at the in Hamburg. In 1918, he served in the

German Army The German Army (, "army") is the land component of the armed forces of Germany. The present-day German Army was founded in 1955 as part of the newly formed West German ''Bundeswehr'' together with the ''Marine'' (German Navy) and the ''Luftwaf ...

. In 1938, he fled Germany for the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

and during

World War II 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 ...

, he served as a lieutenant colonel and intelligence officer in the

United States Army The United States Army (USA) is the land service branch of the United States Armed Forces. It is one of the eight U.S. uniformed services, and is designated as the Army of the United States in the U.S. Constitution.Article II, section 2, cla ...

. As a

German language German ( ) is a West Germanic languages, West Germanic language mainly spoken in Central Europe. It is the most widely spoken and Official language, official or co-official language in Germany, Austria, Switzerland, Liechtenstein, and the Ita ...

speaker, he interrogated many prominent

Nazis 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 ...

including

Hermann Göring Hermann Wilhelm Göring (or Goering; ; 12 January 1893 – 15 October 1946) was a German politician, military leader and convicted war criminal. He was one of the most powerful figures in the Nazi Party, which ruled Germany from 1933 to 1 ...

. During the war, Warburg facilitated the migration of German scientists and their families to the United States. He was later awarded the

Legion of Merit The Legion of Merit (LOM) is a military award of the United States Armed Forces that is given for exceptionally meritorious conduct in the performance of outstanding services and achievements. The decoration is issued to members of the eight ...

by the United States, the

Order of the British Empire The Most Excellent Order of the British Empire is a British order of chivalry, rewarding contributions to the arts and sciences, work with charitable and welfare organisations, and public service outside the civil service. It was established ...

Great Britain Great Britain is an island in the North Atlantic Ocean off the northwest coast of continental Europe. With an area of , it is the largest of the British Isles, the largest European island and the ninth-largest island in the world. It is ...

, and the

Croix de Guerre The ''Croix de Guerre'' (, ''Cross of War'') is a military decoration of France. It was first created in 1915 and consists of a square-cross medal on two crossed swords, hanging from a ribbon with various degree pins. The decoration was first awa ...

France France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of Overseas France, overseas regions and territories in the Americas and the Atlantic Ocean, Atlantic, Pacific Ocean, Pac ...

Career

Warburg apprenticed in the banking business in

Berlin Berlin ( , ) is the capital and largest city of Germany by both area and population. Its 3.7 million inhabitants make it the European Union's most populous city, according to population within city limits. One of Germany's sixteen constitue ...

Frankfurt Frankfurt, officially Frankfurt am Main (; Hessian: , "Frank ford on the Main"), is the most populous city in the German state of Hesse. Its 791,000 inhabitants as of 2022 make it the fifth-most populous city in Germany. Located on its na ...

Amsterdam Amsterdam ( , , , lit. ''The Dam on the River Amstel'') is the Capital of the Netherlands, capital and Municipalities of the Netherlands, most populous city of the Netherlands, with The Hague being the seat of government. It has a population ...

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

and

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

. From 1929 to 1938 he was a managing partner of M. M. Warburg & Co. in Hamburg and of Warburg & Company of Amsterdam. In 1939, he founded E.M. Warburg & Co. in New York City (which later became the private equity firm

Warburg Pincus Warburg Pincus LLC is a global private equity firm, headquartered in New York, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. The firm currently has over ...

). Warburg is most known for his efforts to strengthen German-American relations, for which he was awarded the inaugural Eric M. Warburg Prize.

Personal life

He was married to Dorothea Thorsch. They had three children: Max of Hamburg, Germany; and two daughters, Dr. Marie Warburg of

Chestnut Hill, Massachusetts Chestnut Hill is an affluent New England village located west of downtown Boston, Massachusetts, United States. Like all Massachusetts villages, Chestnut Hill is located within one or more incorporated municipal entities. It is located partia ...

and Erica Warburg also of Hamburg, Germany.

References

1900 births 1990 deaths American bankers Jewish American military personnel United States Army personnel of World War II German bankers German Army personnel of World War I Jewish emigrants from Nazi Germany to the United States Businesspeople from Hamburg Private equity and venture capital investors Recipients of the Legion of Merit United States Army officers Eric M. Warburg Knights Commander of the Order of Merit of the Federal Republic of Germany 20th-century American Jews {{Jewish-hist-stub