Introduction
Marcus Laurentius Wallenberg, Sr. RoKKMO (5 March 1864 in Stockholm – 22 July 1943 on Malmvik in Lovö) was a Swedish banker.
Education and Career
Marcus Wallenberg left his position as NCO in the Swedish Navy at the age of 18 to pursue a Candidate of Law degree at Uppsala University; he received the title of Circuit Judge 1892. In the same year, Marcus’s older brother, Knut Agaton Wallenberg, served as CEO of Stockholms Enskilda Bank and induced Marcus to come work for him as vice president of the bank; an offer Marcus accepted. His older brother retired as CEO in the year of 1911 and Marcus replaced him as CEO. He served as CEO until the year of 1920. Marcus laid the very foundation of the bank for decades with his emphatic defense of his own banking policy and constant emphasis on the importance of family traditions.
Family
Marcus’s father, André Oscar Wallenberg, was the founder of Stockholms Enskilda Bank. His mother was Anna Wallenberg. Marcus’s married Gertrud Amalia Hagdahl on 19 August 1890. The couple had two sons and one daughter; Jacob, Marcus and Ebba. Marcus raised both his sons in a systematic way to prepare them for a career in the family bank. A successful upbringing considering both sons served as CEO of the bank.
Marcus Wallenberg died at the age of 79 and is today buried in Wallenberg-Mausoleum in Malmvik, Ekerö Municipality.
Awards and decorations
Wallenberg's awards:
- Commander Grand Cross of the Order of Vasa
- Grand Cross of the Order of the Crown of Italy
- Grand Cross of the Order of St. Olav
- Grand Cross of the Decoration of Honour for Services to the Republic of Austria
- Grand Officer of the Legion of Honour
- Third Class of the Order of the Rising Sun
- Member of the Royal Swedish Academy of Sciences
- First honorary member of the Royal Swedish Academy of Engineering Sciences
- Sveriges statskalender för skottåret 1940 (in Swedish). Uppsala: Fritzes offentliga publikationer. 1940. p. 7.