Morgan, Grenfell & Co.

Morgan, Grenfell & Co. was a leading London-based investment bank. The bank was founded by the American George Peabody in 1838 as the UK branch of his US bank which subsequently became known as J.P. Morgan & Co. In 1904, Edward Grenfell was made a partner in the firm, and, in 1909, it underwent a change of name to become Morgan, Grenfell and Company. It played a key role in reconstructing Europe in the 1920's and had an extremely effective corpor... more

Morgan, Grenfell & Co. was a leading London-based investment bank. The bank was founded by the American George Peabody in 1838 as the UK branch of his US bank which subsequently became known as J.P. Morgan & Co. In 1904, Edward Grenfell was made a partner in the firm, and, in 1909, it underwent a change of name to become Morgan, Grenfell and Company. It played a key role in reconstructing Europe in the 1920's and had an extremely effective corporate finance department. J.P. Morgan & Co. divested 33% of its shares in Morgan Grenfell in 1933 and all the remaining shares in 1982. In 1990 Morgan Grenfell was acquired by Deutsche Bank and was renamed Deutsche Morgan Grenfell. The use of the Morgan Grenfell name was discontinued by Deutsche Bank in 1999. less