Sigmund Marshall Kempner (December 30, 1898 – August 1, 1987) was an American

investment banker Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated wit ...

and founder of the French Bank of California, later known as

Bank of the West Bank of the West is an American financial institution headquartered in San Francisco, California, United States. It is a subsidiary of the French international banking group BNP Paribas and has more than 600 branches and offices in the Mid ...

Education

Kempner was a native of New York City and graduated from

Columbia College Columbia College may refer to one of several institutions of higher education in North America: Canada * Columbia College (Alberta), in Calgary * Columbia College (British Columbia), a two-year liberal arts institution in Vancouver * Columbia In ...

Phi Beta Kappa The Phi Beta Kappa Society () is the oldest academic honor society in the United States, and the most prestigious, due in part to its long history and academic selectivity. Phi Beta Kappa aims to promote and advocate excellence in the liberal a ...

, in 1919. He also attended

Harvard Business School Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA ...

before entering the banking industry.

Career

He was a managing executive of Heidelbach, Ickelheimer & Co. from 1920 to 1927 and a partner of the firm until 1942 along with Stern, Kempner & Company and Spencer B. Rock & Company. He served a lieutenant colonel in the

United States Army The United States Army (USA) is the land warfare, land military branch, service branch of the United States Armed Forces. It is one of the eight Uniformed services of the United States, U.S. uniformed services, and is designated as the Army o ...

's finance department during

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the World War II by country, vast majority of the world's countries—including all of the great power ...

and headed the Victory Loan program for the

Federal Reserve Bank A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States. There are twelve in total, one for each of the twelve Federal Reserve Districts that were created by the Federal Reserve A ...

San Francisco San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of Ca ...

, where he remained for the rest of his life. He was involved with Jewish causes and was the treasurer of

National Refugee Service The National Refugee Service (NRS) was a refugee aid organization founded in New York City on 15 May 1939 to assist refugees from Europe fleeing Nazi persecution. It represented a reorganization of a predecessor organization, the National Coordin ...

and was an executive on the American Jewish Committee in

. Kempner later served as president and director of the Industrial Capital Corporation, an early

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to start-up company, startups, early-stage, and emerging companies that have been deemed to have high growth poten ...

firm that was seen as a precursor to West Coast venture capital, until 1965. He was the founder and chairman of the French Bank of California, which was merged into the

during the 1980s. A civic leader, he was also a founder of French American International School in

. He also served on the finance chairman of governor

Pat Brown Edmund Gerald "Pat" Brown (April 21, 1905 – February 16, 1996) was an American lawyer and politician who served as the 32nd governor of California from 1959 to 1967. His first elected office was as district attorney for San Francisco, and he w ...

's business advisory committee. He received a

John Jay Award The John Jay Award is presented annually by Columbia College of Columbia University to its alumni for distinguished professional achievement. It is named for Founding Father of the United States John Jay, Columbia College Class of 1764. The first ...

from

in 1981 for distinguished professional achievement with fellow college alumni

Armand Hammer Armand Hammer (May 21, 1898 – December 10, 1990) was an American business manager and owner, most closely associated with Occidental Petroleum, a company he ran from 1957 until his death. Called "Lenin's chosen capitalist" by the press, ...

and

George Segal George Segal Jr. (February 13, 1934 – March 23, 2021) was an American actor. He became popular in the 1960s and 1970s for playing both dramatic and comedic roles. After first rising to prominence with roles in acclaimed films such as '' Ship ...

. He was also a Chevalier of the

Legion of Honour The National Order of the Legion of Honour (french: Ordre national de la Légion d'honneur), formerly the Royal Order of the Legion of Honour ('), is the highest French order of merit, both military and civil. Established in 1802 by Napoleon ...

and

Order of Leopold II The Order of Leopold II is an order of Belgium and is named in honor of King Leopold II. The decoration was established on 24 August 1900 by Leopold II as Sovereign of the Congo Free State and was in 1908, upon Congo being handed over to Belgium ...

of Belgium.

Personal life

Kempner married Barbara Hazel Guggenheim, the sister of

Peggy Guggenheim Marguerite "Peggy" Guggenheim ( ; August 26, 1898 – December 23, 1979) was an American art collector, bohemian and socialite. Born to the wealthy New York City Guggenheim family, she was the daughter of Benjamin Guggenheim, who went down with ...

and daughter of

Benjamin Guggenheim Benjamin Guggenheim (October 26, 1865 – April 15, 1912) was an American businessman. He died aboard when the ship sank in the North Atlantic Ocean. His body was never recovered. Early life Guggenheim was born in Philadelphia, Pennsylvania, t ...

of the

Guggenheim family The Guggenheim family ( ) is an American-Jewish family known for making their fortune in the mining industry, in the early 20th century, especially in the United States and South America. After World War I, many family members withdrew from t ...

in 1921. He died on August 1, 1987, at age 88 in

, survived by his second wife, Charlotte Kempner, two daughters, and four grandchildren. His brother-in-law, Alan H. Kempner, is the son-in-law of prominent banker

Carl M. Loeb Carl Morris Loeb was a German-born American businessman who served as the president of the American Metal Company and the founder of Carl M. Loeb & Co, which became Loeb, Rhoades & Co. in 1938. Early life and education Carl Morris Loeb was b ...

, who founded Loeb, Rhoades & Co. His daughter, Charlotte Kempner Beyes, was a filmmaker who made documentaries to raise awareness of

HIV/AIDS Human immunodeficiency virus infection and acquired immunodeficiency syndrome (HIV/AIDS) is a spectrum of conditions caused by infection with the human immunodeficiency virus (HIV), a retrovirus. Following initial infection an individual ...

References

{{DEFAULTSORT:Kempner, S. Marshall 1898 births 1987 deaths American bankers Columbia College (New York) alumni Harvard Business School alumni Guggenheim family