Hermann josef abs biography templates
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Hermann Josef Abs
German banker and advisor
Hermann Josef Abs (15 October , Bonn – 5 February , Bad Soden)[1] was a leading Nazi banker and advisor to Chancellor Adenauer.
Hermann josef abs biography templates
He was a member of the board of directors of Deutsche Bank from to , as well as of 44 other companies,[2] including IG Farben. As the most powerful commercial banker of the Third Reich, he was, according to economic journalist Adam LeBor, "the lynchpin of the continent wide plunder".[3] The Allies arrested him in January ; however, British intervention got him freed after three months, and German courts later dropped all charges.
He was chairman of Deutsche Bank, and contributed to the reconstruction of the German economy. He chaired the German credit facility that distributed the counterpart funds created by the Marshall plan. Working closely with Chancellor Konrad Adenauer, he was a leader in rebuilding heavy industry, and helped draft the investment policy for basic indus