GUTMANN, EUGEN

GUTMANN, EUGEN (1840–1925), German banker. Born in Dresden, the son of an old-established banking family, Gutmann, together with several partners, took over the banking house of Michael kaskel and formed the Dresdner Bank. After initial difficulties a branch which had been opened in Berlin came under Gutmann's guidance. He developed it into a leading national and international financial institution with worldwide interests that included railways in Turkey, mining in Bohemia, and banking in Latin America. Gutmann directed the bank for more than 40 years. Germany's defeat in 1918 and the subsequent economic collapse broke Gutmann's health, and in 1920 he retired. -BIBLIOGRAPHY: S. Kaznelson, Juden im deutschen Kulturbereich (1959), 743–5; NDB, 7 (1966). (Joachim O. Ronall)