FRAENKEL, LOUIS

FRAENKEL, LOUIS
FRAENKEL, LOUIS (1851–1911), Swedish financier. Born in Germany, Fraenkel moved to Stockholm in 1874, where in 1880 he established a successful banking firm. In 1893 he became executive manager of the Stockholm Handelsbank (now Svenska Handelsbanken), which he developed into one of the largest financial institutions in the country. Fraenkel's activity was characterized by the personal manner in which he controlled his bank at a time when bureaucratic methods were becoming increasingly prevalent. -BIBLIOGRAPHY: Svenska män och kvinnor, 2 (1944). (Hugo Mauritz Valentin)

Encyclopedia Judaica. 1971.

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