Famous 19th Century Bankers

The son of wealthy Pittsburgh banker Thomas Mellon, Andrew William Mellon had followed in his father’s footsteps, to be a banker. He had also been the American ambassador to the U.K. and the American secretary of the treasury. He owned companies such as Alcoa, Old Overholt whiskey, and Gulf Oil.

Amadeo Giannini was an American banker best remembered for founding the Bank of Italy, which later became Bank of America. He is credited with inventing numerous modern banking practices. Amadeo Giannini is also credited with establishing one of the first trans-national institutions.

J. P. Morgan Jr. was an American finance executive, banker, and philanthropist. He became the head of the investment banking institution, J.P. Morgan & Co., after his father J. P. Morgan's demise in 1913. J. P. Morgan Jr. was also an important philanthropist, who donated his London residence to the U.S. government in 1920.

Jacob Schiff was a German-born American banker, philanthropist, and businessman. He is credited with financing the expansion of American railroads. Jacob Schiff also played an important role during the Russo-Japanese War where he helped finance the Japanese military efforts.  

James Forrestal was an American financier who served as the first US Secretary of Defense from 1947 to 1949. He is also remembered for his service as the US Secretary of the Navy from 1944 to 1947. James Forrestal was honored with the Medal of Merit and the Distinguished Service Medal by President Harry S. Truman.

Legendary American investment banker Marcus Goldman was born into a German Jewish family of farmers and was part of the first wave of Jewish immigration to America. He went from being a peddler to founding Goldman Sachs, which is now one of the largest investment banks of the world.

Walter Rothschild, 2nd Baron Rothschild was a British soldier, politician, zoologist, and banker. He is best remembered for his service as the president of the largest Jewish communal organization in the UK, the Board of Deputies of British Jews, between 1925 and 1926. Walter Rothschild also made immense contributions to the field of zoology.

Junius Spencer Morgan was an American financier and banker. The patriarch to the famous Morgan banking house, Morgan is credited with establishing J. S. Morgan & Co. in 1864. He then transformed his banking house into a financial empire with the help of his son, John Pierpont Morgan Sr. 

Samuel Sachs was an American investment banker best remembered for co-founding the popular investment banking company Goldman Sachs along with his father-in-law Marcus Goldman. Samuel Sachs is also credited with pioneering the practise of issuing stock as a method to raise funds.

Thomas Sutherland was a British politician and banker best remembered for founding The Hongkong and Shanghai Banking Corporation (HSBC),  the founder member of HSBC Group. After his demise, a street in Sheung Wan was named after him.

Born into a samurai noble family of Japan, industrialist Iwasaki Yatarō started his career working for the Yamauchi clan. He later joined a shipping company and later transformed it into Mitsubishi, which formed strong ties with the Japanese government and prospered, branching out to other industrial ventures.

Part of the famous Rothschild banking family from Frankfurt, Alfred de Rothschild started his career with his family’s N.M. Rothschild Bank in London. He later had a 20-year stint as the director of the Bank of England. A passionate art collector, he later also served as a trustee of the National Gallery.

H. H. Kung was a Chinese politician and banker best known as the husband of Soong Ai-ling, one of the Soong sisters. Kung was highly influential in formmulating the economic policies of the Nationalist government in the 1930s and 1940s.

British banker John Lubbock, 1st Baron Avebury, better known as Sir John Lubbock, had also been an MP. However, he is best known for his contribution to ethnography and archaeology. He is also credited with coining the terms Paleolithic and Neolithic, and is known for his books on animal behavior.

Barthold Georg Niebuhr was a Danish-German banker, statesman, and historian. A symbol of national spirit in Germany, Barthold Georg Niebuhr helped invigorate a sense of patriotism and nationalism in students at the University of Berlin.