Paul F. Warburg

Paul Felix Warburg
Born	(1904-10-06) 6 October 1904 New York City, U.S.
Died	8 October 1965(1965-10-08) (aged 61) New York City, U.S.
Occupation(s)	Financier, philanthropist
Years active	1921–1965
Known for	Investment banking, philanthropy, military service

Paul Felix Warburg (October 6, 1904 – October 8, 1965) was a Jewish-American financier based in New York.

Life

Born in New York City on October 6, 1904, Warburg was the son of banker Felix M. Warburg and philanthropist Frieda Schiff Warburg. He belonged to the Warburg family, with his grandfather being the notable Jacob Schiff.

His education included attendance at the Lincoln School of Teachers College, Columbia University, and the Middlesex School in Concord, Massachusetts, from which he graduated in 1921. Early in his career, Warburg held positions at Central Hudson Gas & Electric (1921–22), Baltimore and Ohio Railroad (1922–25), and North American Company (1925–26). In 1929, he advanced to assistant vice-president at International Acceptance Trust Company, Inc., which later merged into the Bank of Manhattan Company. By 1931, he had risen to vice-president of the Bank of Manhattan Company. Following several years dedicated to managing his father's philanthropic enterprises and participating in charitable organizations, he joined J. S. Bache & Co. as a general partner in 1940.

Warburg departed from Bache by 1944 to join the United States Army during World War II, achieving the rank of lieutenant colonel. He took part in the Operation Torch landings in Casablanca under General Patton’s command and served in intelligence and liaison capacities in both Algiers and Paris. After the war, France honored him with the Croix de Guerre and Legion of Honour. Subsequent to his military service, he acted as special assistant to U.S. ambassadors stationed in London until 1950 and maintained an office with investment bank Loeb, Rhoades & Co. from 1952 until his passing, overseeing family and other philanthropic investments.

Among his leadership roles were founding president of the Federation Employment Service of New York; directorships at County Trust Company (White Plains), Staten Island Rapid Transit Company, and Westchester County Conservation Committee; secretaryship of the Jewish Board of Guardians; chairmanship of the New York Association of the Blind; vice-presidencies and chairmanships at National Jewish Hospital (Denver) and Federation for Support of Jewish Philanthropic Societies; treasurer for German Jewish Children's Aid; along with involvement in the Boy Scouts of America. Prior to World War II, he supported refugee children through German Jewish Children's Aid and the U.S. Committee for Care of European Children.

Warburg was a co-founder of both the Greater New York Fund and National Refugee Service; served as director and vice-president of the American Council for International Promotion of Democracy Under God; chaired business advisory committees for the American Jewish Committee; and participated actively in New York’s Chamber of Commerce as well as various social clubs. Politically aligned with the Republican Party, he acted as finance chairman for John V. Lindsay’s congressional campaigns and led New York State Citizens for Eisenhower-Nixon in 1952. Additionally, he held executive positions within the American Arbitration Association and English-Speaking Union.

He was married three times: first to Jean Stettheimer (1926–34), then Muriel Constance Woodworth Hart (1939), and finally Baroness D'Almeida Santos (formerly Barbara Tapper) in 1949—the latter ceremony attended by distinguished members of London society. From his first marriage, he had two daughters: Felicia S., who married Robert W. Sarnoff, and Jill, who wed Herbert W. Maass Jr.

Warburg passed away due to a heart attack at New York Hospital on October 8, 1965. His funeral services were conducted at Temple Emanu-El.