Sir Ernest Cassel (* 3. March 1852 in Cologne, "† 1921) was a British banker of German descent.

Youth and vocational ascent

Ernest Cassel was born as Ernst Cassel in Cologne. It was that youngest of three children of the married couple Amalaia and Jacob Cassel. Its father was a Jewish banker established in Cologne. With fourteen years Cassel began bank teachings in the bank of J.W. Eltzbacher in Cologne, which had specialized in the financing of large industrial trusts and from foreign businesses. 1869 came Cassel in the age from not completely 17 years to England, where he found employment in a company in Liverpool, which had specialized in the trade with grain. Owing to its fine sense of business and his extraordinary worker, it it made possible to master daily an enormous Pensum, found it soon thereafter occupation with the Anglo Egyptian bank in Paris.

The French-German war of 1870 and the anti-German tendency in Paris, caused by it, forced the Cassel originating from Prussia to return to London. There he took over a position as an accountant with the banking house Bischoffsheim and Gildschmidt. Only nineteen-year old Ernst makes friends itself fast with the family of the partner Louis Bischoffsheim.

Cassels good relations with the family Bischoffsheim, as well as its rapid apprehension, a tough will and a instinct-safe judgement in financial affairs led him with only twenty-two years into the leadership level of the outstanding banking house. There it succeeded to it, some for a long time lost believed risky investments to secure, in addition, its own salary within a yearly of 200 to 5000 Pound to increase plus commission. Also it was able to invest its own money profitably. Still before its 30. Lebensjahr had Cassel a considerable private fortune at a value of over 150000 Pound.

The arrivierte businessman

Increasing success opened the entrance to the most outstanding Londoner circles from aristocracy, politics and high finance for Cassel. 1878 married Cassel Annette Maxwell. From the marriage a daughter, Amalia Mary Maud (Maudie) followed Cassel, the Sir Wilfred Ashley - the later 1. Baron OF Temple - married. Cassels grandchild daughter from this connection was Edwina Ashley, which became as a wife of Louis Mountbatten 1922 member of the royal family.

Annette Maxwell Cassel died 1881 after only three years marriage at Tuberkulose. Their desire on the dying bed following Cassel, which certainly always as a Jew felt, converted to the catholicism. After the death of its nut/mother (1874), as well as its father and its brother max (1875) Cassel left its own inheritance of the sister Wilhelmina and their children Felix and Anna. Later it got Wilhelmina Cassel - and their children - to London and could by it the household be led.

1884 began Cassel to lead own business operated however still from its areas in the banking house of the Bischoffheims in the Throgmorton Street out. Its own office opened it only 1898. It invested in Siberian gold mines and the ore promotion in Sweden. Besides it held portions of steel concerns and railway companies, financed irrigation projects in Egypt and government loans for Mexico, China and Uruguay.

it created 1889 together with lord Willoughby de Broke its own stud. At 1896 it began to participate with bred race horses in horse running. With one these running learned he Edward, who princes of Wales - a well-known horse fool and a frequent visitor of running -, which remained in a friendly manner connected he for time of its life. Besides Cassel maintained also relations with the liberals politicians and later prime ministers Herbert Henry Asquith and Winston Churchill and made themselves than art collecting tanks a name.

At the beginning 20. Century carried out it the name change of Ernst Cassel too "The right Honourable Sir Ernest Cassel ". 1902 appointed his friend Edward, now more than Edward VII. the king crowned, Cassel his private financial adviser and secret treasurer. In addition it became 1902 the Privy Councillor.

Cassel, which had long karitativ worked its whole life, donated than 2.000.000 Pound of Sterling in the course of the years more. 1921, briefly before its death, he created the Cassel hospital for psychologically damages of the First World War.

When Cassel died 1921, he left a fortune of converted 270 million euro. Its grandchild daughter Edwina Ashley got the majority of his fortune: Two million Pound, its countryseat in Hampshire and its Londoner city hall Brooke House. Numerous medals and honors witness from the high social rank, which Cassel had at its time.

Articles in category "Ernest Cassel"

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