Hauck & Aufhäuser
Encyclopedia
Hauck & Aufhäuser is a private bank
with offices in Frankfurt am Main and Munich
. Established in 1796, Hauck & Aufhäuser is one of the few private banks operated as limited partnership
(Kommanditgesellschaft
) with personally liable partners.
Private bank
Private banks are banks that are not incorporated. A private bank is owned by either an individual or a general partner with limited partner...
with offices in Frankfurt am Main and Munich
Munich
Munich The city's motto is "" . Before 2006, it was "Weltstadt mit Herz" . Its native name, , is derived from the Old High German Munichen, meaning "by the monks' place". The city's name derives from the monks of the Benedictine order who founded the city; hence the monk depicted on the city's coat...
. Established in 1796, Hauck & Aufhäuser is one of the few private banks operated as limited partnership
Limited partnership
A limited partnership is a form of partnership similar to a general partnership, except that in addition to one or more general partners , there are one or more limited partners . It is a partnership in which only one partner is required to be a general partner.The GPs are, in all major respects,...
(Kommanditgesellschaft
Kommanditgesellschaft
A Kommanditgesellschaft is the German name for a limited partnership business entity and is used in German, Austrian and some other European legal systems....
) with personally liable partners.