- Hill Samuel
Hill Samuel is a wholly owned
subsidiaryof Lloyds TSB's Offshore Private Banking unit. It was formerly a leading British merchant bankand financial servicesfirm before the takeoverby TSB Group Plc. in 1987, which itself merged with Lloyds Bankto become Lloyds TSBin 1995.
Marcus Samuelfounded a company near the Tower of Londonto importgoods from the Far East. M. Samuel & Co. was successful in the importing business, so by the middle of the 19th century it expanded to the re-exporting business, importing goods worldwide and re-exporting them to Europeand North America.
Recognising the opportunities offered by the emerging rise of the
oilindustry, in the 1880s Marcus shipped case oilfrom Russian oil fields to Japansuch that by 1888 that he was able to commission his own ships for bulk oil transportation. His first ship, the 'Murex', was the first tanker to pass through the Suez Canalin 1892 and this division of the company exists today as the Royal Dutch Shell Company; originally named the Shell Transport and Trading Company after the popular imports of sea shellsof the time. [ [http://www.lloydstsb-offshore.com/Products+-+Services/Hill+Samuel/Why+Hill+Samuel/History+of+Hill+Samuel/ Official Company History] ]
By the 20th century, Hill Samuel & Co. Limited was created in 1965 by the
mergerof M. Samuel & Co. and Philip Hill, Higginson, Erlanger’s Limited. On the 10 December 1969, Hill Samuel Australia Limited opened its doors in Sydneywith a staff of three executives. Offering a range of financial services and products with the expertise and fame of its parent company, Hill Samuel Australia began to win significant mandates. Following a proposal to the Australian Federal Governmentin 1985, Macquarie BankLimited was established in February of that year as part of the restructure of Hill Samuel Australia as an independent trading bank. These small steps have lead Macquarie Bankto be the one of the most successful diversified provider of financialproducts originating in Australia. [ [http://www.macquarie.com.au/au/about_macquarie/company_profile/history.htm Official Macquarie Bank History] ]
Before the merger with TSB Group Plc., Hill Samuel's 1987 Pre-tax profits were primarily of consisted of merchant banking (50%); as well as investment management services (27%); employee benefit services (13%); and
insurance(6%). [ [http://www.business.com/directory/financial_services/investment_banking_and_brokerage/brokerage_dealers/hill_samuel_group_plc/ Hill Samuel Final Business Structure] ]
In 1987, Hill Samuel had suspended trading in its shares on the London Stock Exchange amid signs that it would accept a
mergerbid from the Union Bank of Switzerland, as the two groups began takeover talks in July. [ [http://query.nytimes.com/gst/fullpage.html?res=9B0DE3D91139F93AA2575BC0A961948260 New York Times: Hill Samuel to be merged with UBS] ] However, by October of that year a final successful takeoverbid was made by the TSB Group Plc., one of the United Kingdom's largest retail banks at the time. [ [http://query.nytimes.com/gst/fullpage.html?res=9B0DE5DD1139F933A05753C1A961948260 New York Times: Hill Samuel bid trumped by TSB Group] ]
By 1995, the
mergerof TSB Group Plc. and Lloyds Bank merged, led Hill Samuel to become a subsidiaryof Lloyds TSB.
* Royal Dutch Shell Company
Notes and references
Wikimedia Foundation. 2010.
Look at other dictionaries:
SAMUEL — (Heb. שְׁמוּאֵל), Israelite judge and prophet who lived in the 11th century B.C.E. His name is very close to that of the ancient Babylonian royal ancestor of Hammurapi, Sūmû la il, and similar in form to other amorite names such as Sūmû Abum,… … Encyclopedia of Judaism
Hill (Familienname) — Hill ist ein Familienname. Bekannte Namensträger Inhaltsverzeichnis A B C D E F G H I J K L M N O P Q R S T U V W X Y Z … Deutsch Wikipedia
Samuel Parr — Born January 26, 1747(1747 01 26) Harrow on the Hill Died March 6, 1825(1825 03 06) (ag … Wikipedia
Samuel B. Hill — Samuel Billingsley Hill (* 2. April 1875 in Franklin, Izard County, Arkansas; † 16. März 1958 in Bethesda, Maryland) war ein US amerikanischer Jurist und Politiker. Zwischen 1923 und 1936 vertrat er den Bundesstaat Washington im US… … Deutsch Wikipedia
Samuel Hill — ist der Name folgender Personen: Samuel Hill (Philanthrop) (1857–1931), US amerikanischer Geschäftsmann und Philanthrop Samuel Hill (Mountainbikefahrer) (* 1985), australischer Mountainbikefahrer Samuel B. Hill (1875–1958), US amerikanischer… … Deutsch Wikipedia
Samuel de Champlain — Born Samuel Champlain 1567  Brouage, Province of Saintonge, France … Wikipedia
Samuel Hannaford — (10 April, 1835 1911) was an American architect, one of the most admired architects in the history of Cincinnati, Ohio. Some of the best known landmarks in the city, such as Music Hall and City Hall, were of his design. The bulk of Hannaford s… … Wikipedia
Samuel Hartlib — (1600 – 1662) était un polymathe germano britannique. Il s intéressait aux sciences, à la médecine, à l agriculture, à la politique et à l éducation. Il s est installé en Angleterre où il s est marié et vécut jusqu à la fin de ses jours. Il était … Wikipédia en Français
Samuel Johnson's health — has been a focus of the biographical and critical analysis of his life. His medical history was well documented by Johnson and his friends, and those writings have allowed later critics and doctors to infer diagnoses of conditions that were… … Wikipedia
Samuel Francis — Samuel Todd Francis (April 29, 1947 ndash;February 15, 2005) was an anti capitalist [Francis, Samuel. Capitalism the Enemy. Chronicles August 2000.] paleoconservative columnist, nationally syndicated in America, known for his racialist views;… … Wikipedia