Difference between revisions of "Friedrich Merz"

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Latest revision as of 03:35, 16 October 2021

Person.png Friedrich Merz  Rdf-entity.pngRdf-icon.png
(lawyer, politician, lobbyist, deep state actor)
Friedrich Merz.jpg
Born11 November 1955
Member ofAspen Institute Germany, Atlantik-Brücke, Trilateral Commission
German transatlantic lobbyist and politician. Blackrock. Former chairman of the mighty Atlantik-Brücke.

Employment.png Member of the European Parliament Wikipedia-icon.png

In office
18 June 1989 - 12 June 1994

Employment.png Member of the Bundestag for Hochsauerlandkreis

In office
16 October 1994 - 27 September 2009
Succeeded bySahra Wagenknecht

Friedrich Merz is a German lobbyist and politician. A member of the Christian Democratic Union (CDU), he was Chairman of the transatlantic network Atlantik-Brücke until 2019, and is a staunch supporter of the European Union and NATO, having described himself as "a truly convinced European, a convinced transatlanticist[1]." Merz advocates a closer union and "an army for Europe". He also sits on the supervisory board of the German branch of the world's largest asset manager BlackRock[2].

He served as a Member of the European Parliament (MEP) from 1989 to 1994 and was elected to the Bundestag from 1994 until 2009, where he chaired the CDU/CSU parliamentary group from 2000 to 2002. Merz was a candidate in the 2018 CDU leadership election, placing second; tried again in the 2021 leadership election[3] , but did not succeed.

Bank lobbyism

From 2005 to 2014 (until 2009, in addition to being an elected representative) Merz worked as a partner in the international law firm Mayer, Brown, Rowe & Maw LLP - a heavyweight in the industry with annual sales in the billions, one of the twenty largest law firms in the world and which mostly represents Wall Street companies.

As a representative of this law firm, Merz was hired as a lawyer by the German government (SoFFin) in 2010 to find a buyer for the ailing bank WestLB after the law firm already had dumped the bank's junk bonds worth 77 billion euros to a taxpayer-funded "Bad Bank". Merz received a fee of 5,000 euros per day from the government for his services. His engagement was also a success for the bank HSBC Trinkaus & Burkhardt, which played a role in the takeover of the WestLB assets. As a thank you for this, Merz was allowed to take over the presidency of the HSBC Trinkaus Board of Directors, a well paid position. [4]

He sits on the boards of AXA Group AG, DBV-Winterthur Holding AG, Deutsche Börse AG, Ernst & Young AG, ROCKWOOL, WEPA Industrieholding SE, Commerzbank AG and the HSBC Trinkaus & Burkhardt[5]. His biggest career move, however, was his appointment as chairman of the supervisory board of the German branch of the world's largest asset manager BlackRock.

He is a founding member of the neoliberal think tank Initiative Neue Soziale Marktwirtschaft[6] and sits on committees in the neoliberal network Stiftung Marktwirtschaft.[7]