Paul Felix Warburg

Paul Felix Warburg (October 6, 1904 – October 8, 1965) was a Jewish-American banker from New York. Life Warburg was born on October 6, 1904, in New York City, New York, the son of banker Felix M. Warburg and philanthropist Frieda Schiff. A member of the Warburg family, his grandfather was Jacob Schiff. Warburg attended the Lincoln School of Teachers College, Columbia University, and the Middlesex School in Concord, Massachusetts. He graduated from the latter school in 1921. He worked for Central Hudson Gas & Electric in Poughkeepsie from 1921 to 1922, Baltimore and Ohio Railroad in Baltimore, Maryland, from 1922 to 1925, and the North American Company from 1925 to 1926. In 1929, he became assistant vice-president of the International Acceptance Trust Company, Inc, which later merged with the Bank of Manhattan Company in New York City. In 1931, he became vice-president of the latter bank. He then spent a few years carrying out his father's philanthropic activities and serving as an officer in various charitable and social work organizations. In 1940, he became a general partner of J. S. Bache & Co. Warburg was no longer active in Bache in 1942, and in 1944 he left the firm. In 1942, during World War II, he enlisted in the United States Army and was commissioned a captain of the Army Specialist Corps. He was later promoted to lieutenant colonel. He went overseas in 1942 as part of a task force that landed in Casablanca, Morocco under George S. Patton. He then served as administrative officer in the G-2 (intelligence) section until he was ordered to the Allied Force Headquarters in Algiers, Algeria, where he served as liaison officer between Headquarters and the political affairs section. In 1944, he was transferred to Paris, France, with State Department files for the American embassy in that city. He stayed in Paris afterwards as administrative officer in the embassy's military attache office until 1946, when he returned to America and was honorably discharged. The French government decorated him with the Croix de Guerre and the Legion of Honour for his military service. Following his discharge from the army, he began working for the American embassy in London, England, where he served as special assistant to ambassadors W. Averell Harriman and Lewis W. Douglas. He worked as special assistant until 1950. He maintained an office with the investment banking firm Loeb, Rhoades & Co.