Marcus Wallenberg Sr.

Marcus Wallenberg, Sr.
Marcus Wallenberg, Sr.; RoKKMO
Born	Marcus Laurentius Wallenberg; 5 March 1864; Stockholm, Sweden
Died	22 July 1943 (aged 79); Lovö, Stockholm County, Sweden
Resting place	Malmvik, Ekerö Municipality
Nationality	Swedish
Alma mater	Uppsala University
Occupation	Bank Manager, Board member of Royal Swedish Academy of Sciences (1939-1943)
Spouse(s)	Amalia Wallenberg (1890–1943)
Children	Jacob Wallenberg (1892–1980); Marcus Wallenberg (1899–1982); Ebba Wallenberg (1896–1960)
Parent(s)	André Oscar Wallenberg ; Anna Eleonora Charlotta von Sydow
Awards	Knight of Royal Order of the Seraphim

Marcus Laurentius Wallenberg, Sr. RoKKMO (5 March 1864 in Stockholm – 22 July 1943 on Malmvik in Lovö) was a Swedish banker.

Education and career

Marcus Wallenberg left his position as NCO in the Swedish Navy at the age of 18 to pursue a Candidate of Law degree at Uppsala University; he received the title of Circuit Judge 1892.[1] In the same year, Marcus’s older brother, Knut Agaton Wallenberg, served as CEO of Stockholms Enskilda Bank and induced Marcus to come work for him as vice president of the bank; an offer Marcus accepted. His older brother retired as CEO in the year of 1911 and Marcus replaced him as CEO. He served as CEO until the year of 1920. Marcus laid the very foundation of the bank for decades with his emphatic defense of his own banking policy and constant emphasis on the importance of family traditions.[2]

Family

Marcus’s father, André Oscar Wallenberg, was the founder of Stockholms Enskilda Bank. His mother was Anna Wallenberg. Marcus’s married Gertrud Amalia Hagdahl on 19 August 1890. The couple had two sons and one daughter; Jacob, Marcus and Ebba.[3] Marcus raised both his sons in a systematic way to prepare them for a career in the family bank. A successful upbringing considering both sons served as CEO of the bank.

Marcus Wallenberg died at the age of 79 and is today buried in Wallenberg-Mausoleum in Malmvik, Ekerö Municipality.[4]

Awards and decorations

Wallenberg's awards:[5]

Knight of Royal Order of the Seraphim
Commander Grand Cross of the Order of Vasa
Grand Cross of the Order of the Crown of Italy
Grand Cross of the Order of St. Olav
Grand Cross of the Decoration of Honour for Services to the Republic of Austria
Grand Officer of the Legion of Honour
Third Class of the Order of the Rising Sun
Member of the Royal Swedish Academy of Sciences
First honorary member of the Royal Swedish Academy of Engineering Sciences

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References

http://runeberg.org/nfck/0259.html
"Archived copy" (PDF). Archived from the original (PDF) on 3 March 2016. Retrieved 7 August 2014.CS1 maint: archived copy as title (link)
http://runeberg.org/nfck/0259.html
"Archived copy" (PDF). Archived from the original (PDF) on 3 March 2016. Retrieved 7 August 2014.CS1 maint: archived copy as title (link)
Sveriges statskalender för skottåret 1940 (in Swedish). Uppsala: Fritzes offentliga publikationer. 1940. p. 7.

External links

Newspaper clippings about Marcus Wallenberg Sr. in the 20th Century Press Archives of the ZBW

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[1] ttp://runeberg.org/nfck/0259.html

[2] "Archived copy" (PDF). Archived from the original (PDF) on 3 March 2016. Retrieved 7 August 2014.CS1 maint: archived copy as title (link)

[3] ttp://runeberg.org/nfck/0259.html

[4] "Archived copy" (PDF). Archived from the original (PDF) on 3 March 2016. Retrieved 7 August 2014.CS1 maint: archived copy as title (link)

[Sveriges_statskalender_(1940),_p._7-5] Sveriges statskalender för skottåret 1940 (in Swedish). Uppsala: Fritzes offentliga publikationer. 1940. p. 7.