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Samuel Montagu & Co. was a British merchant bank founded by Samuel Montagu in 1853.
Set up as a bullion broking business, it aimed to make money from the Australian gold rush by brokering deals between sellers and buyers. From 1911 onwards, it became part of the group of companies which formed the London bullion exchange.[1]
After the death of founder Samuel Montagu, the bank was owned by the family trut, Montagu Trust. In 1967, the Midland Bank acquired a minority share in the bank from the trust, and by 1993 owned the bank completely.
Today, Samuel Montagu & Co. forms part of the private banking service of HSBC.
References
- ^ "Samuel Montagu & Co". underprints.com. Retrieved 2012-01-02.
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