Philip Lehman
Philip Lehman | |
|---|---|
| Born | Template:Birth date New York City, U.S. |
| Died | March 21, 1947 (aged 85) |
| Occupation | Investment banker |
| Known for | Partner and managing partner of Lehman Brothers; inaugural chairman of Lehman Corporation; pioneering financier advocating stock issuance for capital raising |
Philip Lehman (November 9, 1861 – March 21, 1947) was a prominent American investment banker.
Biography
Philip Lehman was born in New York City to Emanuel Lehman (1827–1907), who co-established the investment banking firm Lehman Brothers. He became a partner in the family business in 1887 and held the position of managing partner between 1901 and 1925. Additionally, he was appointed as the inaugural chairman of the Lehman Corporation. Lehman played a pioneering role among financiers advocating for the use of stock issuance as a method to raise capital for emerging enterprises.
In 1884, Philip married Carrie Lauer (1865–1937), and together they had two children: Pauline (born 1887) and Robert Lehman (1891–1969). The family resided in a limestone residence located at 7 West 54th Street, crafted by architect John H. Duncan in 1899. This building is now recognized as a New York City landmark, referred to as the "Philip Lehman Mansion."
Starting in 1911, Lehman amassed an important art collection, which he largely passed on to his son Robert. This assemblage is prominently displayed in the Robert Lehman Wing of the Metropolitan Museum of Art.