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| Home > Topics > East Asia > Shanghai 1867-1870 |
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Hermann Wallich |
Hermann Wallich, member of the Board of Managing Directors of Deutsche Bank from 1870 to 1894, directed the Shanghai branch office of the Parisian bank Comptoir d'Escompte from 1867 to 1870. He returned to Europe in August 1870 in order to join the Board of Managing Directors of the newly founded Deutsche Bank in Berlin. Here, he dedicated himself primarily to establishing the bank's business abroad.
In his memoirs, printed for the first time in 1929, Wallich described his arrival in Shanghai in April 1867 and life in the city:
»After a two-hour journey, the beautiful city lay before us. With its lovely quay and high regal palaces, the city made a magnificent impression. This was, however, actually only the English settlement, a concession from the war of 1859, and besides this it was the principal place of residence of the foreign merchants established here. The Chinese city lay upriver, was surrounded by walls and offered, with the exception of widespread filth and squalor, little of interest.
So this was the destination of my journey and place of my future work.
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