Hermann de Stern
Hermann de Stern, Baron de Stern | |
|---|---|
| Born | 1815 Frankfurt am Main, Germany |
| Died | 1887-10-20 London, England |
| Occupation | Banker |
| Known for | Senior partner at Stern Brothers; involvement in Portuguese, Spanish, and Italian loans; Baron title from King Luís I of Portugal |
| Notable work | Financial institution Stern Brothers; Danubian 7% loan of 1864 |
Hermann de Stern, Baron de Stern (1815–1887) was a British banker of German origin who served as a senior partner at Stern Brothers.
Early life and career
Stern was born in 1815 in Frankfurt am Main into the distinguished Stern banking dynasty. He moved to London in 1844 to collaborate with his brother David, establishing the financial institution Stern Brothers together. His financial expertise extended to Portuguese affairs, where he played a significant part in issuing the Danubian 7% loan of 1864, as well as contributing to the Spanish mortgage and Italian tobacco-monopoly loans.
He also held board positions at several institutions, including the Imperial Bank, Bank of Rumania, London and San Francisco Bank, East London Waterworks Company, and the London Banking Association.
In recognition of his services, King Luís I of Portugal conferred upon him the noble title of barão (baron) in 1869.
Personal life
Hermann married Julia Goldsmid, daughter of Aaron Asher Goldsmid. Their child was Herbert Stern, 1st Baron Michelham.
Between 1883 and 1887, he owned Strawberry Hill House located in Twickenham, although he did not live there. He was engaged with organizations such as the Anglo-Jewish Association and the Jews' Free School.
He passed away in London on 20 October 1887 and was interred at Balls Pond Road Cemetery. Recognized as one of the wealthiest men in Britain during his time, his estate was valued at £3,544,978, which is roughly equivalent to £2 billion today.