Max Warburg
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Max Warburg (1867 – 1946), Paul Warburg's brother, was a German banker and was, from 1910 till 1938, director of M. M. Warburg & Co. in Hamburg, Germany. Prior to his directing of the Warburg banking company, he developed appranticeship in Frankfurt, Amsterdam, Paris and London. As head of that important firm, he advised Kaiser Wilhelm II prior to World War I. In the 1930s, despite the rise of the Nazi Party, Warburg felt there was hope for a better future in Germany and from 1933 served on the board of the German Reichsbank under governor Hjalmar Schacht. Because however he was Jewish, he ultimately had to sell the bank under duress and emigrate in 1938 to the United States.
Max Warburg was also a member of the board of the industrial conglomerate IG Farben from its inception in 1925 until he was ousted for his jewishness. (Under new Nazi laws, IG Farben would count as a 'jewish company' and would face likely confiscation if jewish board members were not removed)
He has a son by the name of Eric Warburg.
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