447:. The firms' assets in Asia were later sold by UBS to Sassoon & Co an investment house founded by David Sassoon's younger brother Joseph Sassoon (1795-1872), Today J. Sassoon Financial Group LLC is the holding arm of the Sassoon Family Continuation Trust which holds and manages the assets of the Joseph Sassoon branch of the family, and Sassoon & Co is its investment and merchant banking arm, providing investment management, merchant banking and global advisory services to its clients. The firm invests in composite material technology, agriculture and food security, logistics, energy, mining and technology and financial services in the Eastern and Southern Mediterranean, South America, Asia and Africa. However, the firm maintains a strong focus on the U.S. and Israeli markets, which represent 60% of its portfolio assets.
50:
66:
58:
30:
459:
405:
signed a treaty agreeing to gradually eliminate the opium exports to China over the next decade while China agreed to eliminate domestic production over that period. Following this treaty David
Sassoon & Co. retreated from the opium trade, eventually stopping it completely, although this had been
397:
500,000. There was no public issue, but for the first time shares were given to leading company managers who did not belong to the
Sassoon family. The reorganization was made necessary by intensified completion in both India and China, and above all the growing challenges from Japanese manufactures.
270:
ceased to be an important opium dealer either in India or China by the early 1870s. By then David
Sassoon & Co. handled around 70% of the trading volume in Indian opium. Jardine Matheson ended its opium trade in 1872, when its last remaining major client, ″Rustomjee Eduljee″ in Bombay, closed.
261:
During the 1860s David
Sassoon & Co. started to dominate the opium trade between India and China. By purchasing unharvested crop directly from Indian producers it was able to undercut British competitors which had obtained supplies from middlemen.
318:
manufacturing business when it founded the ″Sassoon & Alliance Silk Mill Co. Ltd.″. The firm also acquired extensive property in Hong Kong, Canton and northern China. David
Sassoon & Co. als acted as agent for many other companies in
713:"The Directory & Chronicle for China, Japan, Korea, Indo-China, Straits, Settlements, Malay States, Siam, Netherlands India, Borneo, The Philippines & C. for the Year 1912", The Hongkong Daily Press Office, Hongkong/ London 1912.
274:
In 1867, three years after the death of the company's founder, his second son, Elias David
Sassoon, broke away from his family's company because of personal resentments between him and his other brothers. He set up his own firm, called
354:
Although David
Sassoon & Co. stuck with its trading heritage it was involved in banking activities from its earliest years. David Sassoon & Co. formed part of a consortium of British merchants who founded the
279:", starting to trade in dried fruits, nankeen, metals, tea, silk, spices and camphor from modest offices in Bombay and Shanghai. It soon proved to be more energetic than David Sassoon & Co. and by the later
302:) for a better access to the markets for capital and information. In 1874 David Sassoon established a new subsidiary in Bombay, the "Sassoon Spinning and Weaving Company", which by the time opened seven
432:
David
Sassoon & Co. was "a shadow of the firm it had been at the turn of the caentury". In 1982 David Sassoon & Co. was sold for around £2 million to the London stockbroker
124:
at 9 Tamarind Street (does not exist any longer) initially involved in banking activities and property investments. But it soon started to deal successfully in all sorts of
905:
250:
David
Sassoon placed his many sons as heads of newly established branches of his company. But he remained the sole owner of the business until 1852, when his son
656:
Geoffrey Jones: ″Merchants to
Multinationals - British Trading Companies in the Nineteenth and Twentieth Centuries″, Oxford University PressOxford 2007, p.51,
585:
Geoffrey Jones: ″Merchants to Multinationals - British Trading Companies in the Nineteenth and Twentieth Centuries″, Oxford University PressOxford 2007, p.41,
436:. Although now fully controlled by Rowe Rudd, David Sassoon & Co continued to operate independently from an office in Haymarket in London's West End.
672:
Vijay K. Seth: "Ascent and Decline of native and colonial Trading - Tale of Four Indian Cities", SAGE Publications India Pvt Ltd., New Delhi 2019, p.50,
386:
1288:
1303:
1293:
898:
17:
421:
until his own death in 1926. With Gubbay ended the direct involvement of the Sassoon family in the management of David Sassoon & Co..
402:
228:
173:
1318:
798:
Paul H. Emden: "Money Powers of Europe in the Nineteenth and Twentieth Centuries", D. Appleton-Century Company, New York 1938, S. 381.
891:
868:
425:(1888–1939) participation in the management of the company as chairman was only nominal although he held on holding shares in it.
1298:
1247:
1283:
783:
760:
744:
677:
661:
645:
609:
590:
569:
Stanley Jackson: ″The Sassoons - Portrait of a Dynasty″, Second Edition, William Heinemann Ltd., London 1989, pp.19 and 30,
1056:
712:
620:
Stanley Jackson: ″The Sassoons - Portrait of a Dynasty″, Second Edition, William Heinemann Ltd., London 1989, p.48 and 51,
328:
417:, was the dominant person in the company. After Frederick Sassoon's death 1917 David Gubbay (1865–1928), a cousin, became
553:
David Faure (Editor): "Society - A Documentary History of Hong Kong", Hong Kong University Press, Hong Kong 1997, p.125,
844:
839:
Stanley Jackson: ″The Sassoons - Portrait of a Dynasty″, Second Edition, William Heinemann Ltd., London 1989, p.219,
828:
812:
807:
Stanley Jackson: ″The Sassoons - Portrait of a Dynasty″, Second Edition, William Heinemann Ltd., London 1989, p.119,
728:
723:
Stanley Jackson: ″The Sassoons - Portrait of a Dynasty″, Second Edition, William Heinemann Ltd., London 1989, p.140,
625:
574:
558:
535:
516:
823:
Peter Stansky: ″Sassoon - The worlds of Philip and Sybil″, Yale University Press, New Haven/ London 2003, p.19-21,
314:
in Bombay which helped establishing the international trade with Indian Cotton. In 1883 the company moved into the
1323:
1156:
530:
Jonathan Goldstein (Editor): "The Jews of China", Volume One, M.E. Sharpe Publisher, Armonk/ London 1999, p.145,
511:
Peter Stansky: ″Sassoon - The worlds of Philip and Sybil″, Yale University Press, New Haven/ London 2003, p. 5;
1313:
382:
38:
604:
Madhavi Thampi: "India and China in the Colonial World", Social Science Press, London/ New York 2017, p.40;
1333:
1308:
1061:
294:
But David Sassoon & Co. did also develop further. In 1872 it moved its head office from Bombay to
49:
1184:
1042:
775:
Opium Traders and Their Worlds-Volume Two: A Revisionist Exposé of the World's Greatest Opium Traders
492:
487:
472:
414:
109:
1117:
997:
872:
699:
1278:
433:
410:
368:
331:″, both in fire and marine insurance, for the ″Lancashire Insurance Company° (today part of the ″
1165:
944:
1193:
773:
482:
360:
276:
42:
883:
389:
Under Sir Edward Sassoon's leadership David Sassoon & Co. was in 1901 incorporated as a
266:, which had formerly dominated the Indian-Chinese opium trade, went bankrupt in 1867, while
1131:
1126:
1098:
1026:
372:
755:
Stanley Chapman: "The Rise of Merchant Banking", Routledge, London/ New York 2006, p.135,
739:
Stanley Chapman: "The Rise of Merchant Banking", Routledge, London/ New York 2006, p.132,
8:
1328:
1257:
1198:
693:
390:
332:
255:
34:
956:
939:
1146:
1107:
1093:
840:
824:
808:
779:
756:
740:
724:
695:
Twentieth Century Impressions of Hong-Kong, Shanghai, and other Treaty Ports of China
673:
657:
641:
621:
605:
586:
570:
554:
531:
512:
299:
243:
180:. For the fast transport of the opium David Sassoon & Co. ran its own so called ″
169:
65:
1252:
1136:
1035:
464:
429:
267:
70:
1141:
1071:
1002:
989:
951:
324:
165:
81:
1151:
1112:
1066:
1047:
477:
422:
251:
129:
121:
371:
was established in 1889 it was principally funded by David Sassoon & Co.,
1272:
1170:
1021:
1016:
929:
307:
280:
263:
181:
1088:
1083:
1007:
915:
220:
177:
137:
113:
57:
444:
364:
303:
153:
125:
29:
972:
336:
236:
84:
operating in the 19th century and early 20th century predominantly in
1237:
376:
196:
857:
The Sassoons - The Great Global Merchants an the Making of an Empire
1216:
418:
348:
340:
311:
287:
1.25m to £1.5m) as the nominal capital of David Sassoon & Co. (
216:
212:
204:
192:
73:, bought by the Shanghai branch of David Sassoon & Sons in 1861
224:
188:
187:
As David Sassoon & Co. expanded it set up branches in India (
526:
524:
385:
succeeded his father and subsequently passed the business on to
254:(1818–1896) joined him as a partner, followed by his second son
1242:
1232:
977:
934:
359:" in 1865 and was also instrumental in setting up in 1873 the "
295:
247:
232:
200:
117:
105:
913:
521:
344:
161:
157:
149:
141:
93:
89:
85:
80:(in the early years called ″David Sassoon & Sons″) was a
600:
598:
356:
320:
315:
208:
145:
133:
394:
288:
284:
549:
547:
545:
543:
440:
406:
one of its principal business interests for a long time.
595:
540:
306:
there. In 1875, the David Sassoon & Co. built the
53:
Offices of David Sassoon & Co at Shanghai in 1908
454:
152:. But by that time it specialised in trading Indian
698:. London: Lloyd's Greater Britain Pub. Co. p.
339:, a company which operated steamers plying between
409:Upon Sir Edward Sassoon's death in 1912 his uncle
869:"The Worlds most powerful and exclusice fortunes"
1270:
439:Eventually David Sassoon & Co was sold to
899:
765:
357:Hong Kong & Shanghai Banking Corporation
283:its capital was two to three times as much (
640:, Routledge, London/ New York 2006, p.131,
69:The steamliner "Chusan", built in 1851 for
906:
892:
1289:1832 establishments in the British Empire
687:
685:
329:Norwich Union Fire Insurance Society Ltd.
771:
64:
56:
48:
28:
1304:Trading companies of the United Kingdom
859:, Pantheon Books, New York 2022, p. 286
195:), in Hongkong (est. 1843), in China (
14:
1271:
691:
682:
887:
1294:Indian companies established in 1832
327:, for example in Hong Kong for the ″
120:. The company was set up in a small
33:David Sassoon (seated) and his sons
24:
25:
1345:
1319:History of foreign trade in China
413:(1853–1917), the youngest son of
164:. The latter was promoted by the
457:
258:(1820–1880) shortly afterwards.
914:European and American trade in
862:
849:
833:
817:
801:
792:
749:
733:
717:
706:
666:
387:Sir Edward Sassoon, Bart., M.P.
1299:Trading companies of Hong Kong
650:
630:
614:
579:
563:
505:
13:
1:
1284:Companies established in 1832
498:
78:David Sassoon & Co., Ltd.
18:David Sassoon, Sons & Co.
638:The Rise of Merchant Banking
61:Aerial view of Sassoon Docks
7:
1057:Jardine, Matheson & Co.
450:
377:J. Henry Schröder & Co.
361:Anglo-California Bank, Ltd.
10:
1350:
1043:Gibb, Livingston & Co.
99:
1225:
1209:
998:Augustine Heard & Co.
988:
965:
922:
778:. iUniverse. p. 27.
493:History of opium in China
488:List of trading companies
383:Sir Albert Sassoon, Bart.
1118:Robert Morrison Olyphant
363:" (Later bought by the "
207:(est. 1845)), in Japan (
1180:David Sassoon & Co.
1166:Shewan, Tomes & Co.
692:Wright, Arnold (1908).
411:Frederick David Sassoon
369:Imperial Bank of Persia
310:, the first commercial
1324:Jewish Chinese history
1194:E.D. Sassoon & Co.
483:E.D. Sassoon & Co.
277:E.D. Sassoon & Co.
74:
62:
54:
46:
1127:Russell & Company
772:Kienholz, M. (2008).
373:Glyn, Mills & Co.
68:
60:
52:
32:
1314:History of Hong Kong
1132:Robert Bennet Forbes
1099:Hollingworth Magniac
423:Sir Philip Sassoon's
381:David Sassoon's son
172:in 1842 between the
104:Established 1832 in
1199:Elias David Sassoon
391:Joint-stock company
333:RSA Insurance Group
256:Elias David Sassoon
1108:Olyphant & Co.
1080:Magniac & Co.
957:Thirteen Factories
940:East India Company
393:with a capital of
108:(today Mumbai) by
75:
63:
55:
47:
1334:Trading companies
1309:British Hong Kong
1266:
1265:
1210:Chinese Officials
1147:William Henry Low
1094:Thomas Chay Beale
1036:Dodwell & Co.
785:978-0-595-61326-7
761:978-0-415-48948-5
745:978-0-415-48948-5
678:978-93-532-8085-7
662:978-0-19-829450-4
646:978-0-415-48948-5
636:Stanley Chapman:
610:978-1-138-10269-9
591:978-0-19-829450-4
300:Leadenhall Street
170:Treaty of Nanking
39:Albert (Abdallah)
16:(Redirected from
1341:
1137:John Cleve Green
908:
901:
894:
885:
884:
876:
866:
860:
855:Joseph Sassoon:
853:
847:
837:
831:
821:
815:
805:
799:
796:
790:
789:
769:
763:
753:
747:
737:
731:
721:
715:
710:
704:
703:
689:
680:
670:
664:
654:
648:
634:
628:
618:
612:
602:
593:
583:
577:
567:
561:
551:
538:
528:
519:
509:
467:
465:Companies portal
462:
461:
460:
430:Second World War
365:Wells Fargo Bank
335:″). and for the
268:Jardine Matheson
252:Abdallah Sassoon
176:and the Chinese
21:
1349:
1348:
1344:
1343:
1342:
1340:
1339:
1338:
1269:
1268:
1267:
1262:
1221:
1205:
1157:Russell Sturgis
1142:Abiel Abbot Low
1072:John Abel Smith
1062:William Jardine
1003:Augustine Heard
984:
961:
952:Old China Trade
918:
912:
880:
879:
867:
863:
854:
850:
838:
834:
822:
818:
806:
802:
797:
793:
786:
770:
766:
754:
750:
738:
734:
722:
718:
711:
707:
690:
683:
671:
667:
655:
651:
635:
631:
619:
615:
603:
596:
584:
580:
568:
564:
552:
541:
529:
522:
510:
506:
501:
463:
458:
456:
453:
343:–Hong Kong and
325:South East Asia
281:Edwardian years
166:First Opium War
160:from Bombay to
130:precious metals
116:businessman in
114:Baghdadi Jewish
112:(1792–1864), a
102:
82:trading company
23:
22:
15:
12:
11:
5:
1347:
1337:
1336:
1331:
1326:
1321:
1316:
1311:
1306:
1301:
1296:
1291:
1286:
1281:
1279:Sassoon family
1264:
1263:
1261:
1260:
1255:
1250:
1245:
1240:
1235:
1229:
1227:
1223:
1222:
1220:
1219:
1213:
1211:
1207:
1206:
1204:
1203:
1202:
1201:
1190:
1189:
1188:
1187:
1176:
1175:
1174:
1173:
1162:
1161:
1160:
1159:
1154:
1152:Samuel Russell
1149:
1144:
1139:
1134:
1123:
1122:
1121:
1120:
1115:
1113:David Olyphant
1104:
1103:
1102:
1101:
1096:
1091:
1086:
1077:
1076:
1075:
1074:
1069:
1067:James Matheson
1064:
1053:
1052:
1051:
1050:
1048:Hugh Bold Gibb
1039:
1038:
1032:
1031:
1030:
1029:
1024:
1017:Dent & Co.
1013:
1012:
1011:
1010:
1005:
994:
992:
986:
985:
983:
982:
981:
980:
969:
967:
963:
962:
960:
959:
954:
949:
948:
947:
937:
932:
926:
924:
920:
919:
911:
910:
903:
896:
888:
878:
877:
861:
848:
832:
816:
800:
791:
784:
764:
748:
732:
716:
705:
681:
665:
649:
629:
613:
594:
578:
562:
539:
520:
503:
502:
500:
497:
496:
495:
490:
485:
480:
478:Sassoon family
475:
469:
468:
452:
449:
403:United Kingdom
264:Dent & Co.
229:United Kingdom
182:opium clippers
174:United Kingdom
122:counting house
101:
98:
9:
6:
4:
3:
2:
1346:
1335:
1332:
1330:
1327:
1325:
1322:
1320:
1317:
1315:
1312:
1310:
1307:
1305:
1302:
1300:
1297:
1295:
1292:
1290:
1287:
1285:
1282:
1280:
1277:
1276:
1274:
1259:
1256:
1254:
1251:
1249:
1246:
1244:
1241:
1239:
1236:
1234:
1231:
1230:
1228:
1226:Key Locations
1224:
1218:
1215:
1214:
1212:
1208:
1200:
1197:
1196:
1195:
1192:
1191:
1186:
1185:David Sassoon
1183:
1182:
1181:
1178:
1177:
1172:
1171:Robert Shewan
1169:
1168:
1167:
1164:
1163:
1158:
1155:
1153:
1150:
1148:
1145:
1143:
1140:
1138:
1135:
1133:
1130:
1129:
1128:
1125:
1124:
1119:
1116:
1114:
1111:
1110:
1109:
1106:
1105:
1100:
1097:
1095:
1092:
1090:
1087:
1085:
1082:
1081:
1079:
1078:
1073:
1070:
1068:
1065:
1063:
1060:
1059:
1058:
1055:
1054:
1049:
1046:
1045:
1044:
1041:
1040:
1037:
1034:
1033:
1028:
1025:
1023:
1022:Lancelot Dent
1020:
1019:
1018:
1015:
1014:
1009:
1006:
1004:
1001:
1000:
999:
996:
995:
993:
991:
990:Foreign Hongs
987:
979:
976:
975:
974:
971:
970:
968:
966:Chinese Hongs
964:
958:
955:
953:
950:
946:
943:
942:
941:
938:
936:
933:
931:
930:Canton System
928:
927:
925:
921:
917:
909:
904:
902:
897:
895:
890:
889:
886:
882:
875:in 16.12.2017
874:
870:
865:
858:
852:
846:
845:0-434-37056-8
842:
836:
830:
829:0-300-09547-3
826:
820:
814:
813:0-434-37056-8
810:
804:
795:
787:
781:
777:
776:
768:
762:
758:
752:
746:
742:
736:
730:
729:0-434-37056-8
726:
720:
714:
709:
701:
697:
696:
688:
686:
679:
675:
669:
663:
659:
653:
647:
643:
639:
633:
627:
626:0-434-37056-8
623:
617:
611:
607:
601:
599:
592:
588:
582:
576:
575:0-434-37056-8
572:
566:
560:
559:962-209-393-0
556:
550:
548:
546:
544:
537:
536:0-7656-0103-6
533:
527:
525:
518:
517:0-300-09547-3
514:
508:
504:
494:
491:
489:
486:
484:
481:
479:
476:
474:
473:David Sassoon
471:
470:
466:
455:
448:
446:
442:
437:
435:
431:
426:
424:
420:
416:
415:David Sassoon
412:
407:
404:
399:
396:
392:
388:
384:
379:
378:
374:
370:
367:)". When the
366:
362:
358:
352:
350:
346:
342:
338:
334:
330:
326:
322:
317:
313:
309:
308:Sassoon Docks
305:
301:
297:
292:
290:
286:
282:
278:
272:
269:
265:
259:
257:
253:
249:
245:
240:
238:
234:
230:
227:) and in the
226:
222:
218:
214:
210:
206:
202:
198:
194:
190:
185:
183:
179:
175:
171:
167:
163:
159:
155:
151:
147:
143:
139:
135:
131:
127:
123:
119:
115:
111:
110:David Sassoon
107:
97:
95:
91:
87:
83:
79:
72:
67:
59:
51:
44:
43:Sassoon David
40:
36:
31:
27:
19:
1179:
1089:Thomas Beale
1084:Daniel Beale
1008:Albert Heard
881:
864:
856:
851:
835:
819:
803:
794:
774:
767:
751:
735:
719:
708:
694:
668:
652:
637:
632:
616:
581:
565:
507:
438:
427:
408:
401:In 1907 the
400:
380:
353:
304:cotton mills
293:
273:
260:
241:
221:Persian Gulf
186:
178:Qing dynasty
103:
77:
76:
26:
945:James Flint
445:Switzerland
244:Rothschilds
154:cotton yarn
126:commodities
35:Elias David
1329:Opium Wars
1273:Categories
916:Qing China
873:Al Jazeera
499:References
428:After the
337:Apcar Line
237:Manchester
219:), in the
1248:Hong Kong
1027:John Dent
434:Rowe Rudd
321:East Asia
312:wet docks
242:Like the
1258:Shanghai
1217:Lin Zexu
973:Ewo Hong
451:See also
419:chairman
349:Shanghai
341:Calcutta
217:Yokohama
213:Nagasaki
205:Shanghai
193:Karatchi
189:Calcutta
168:and the
291:0.5m).
100:History
71:P&O
1243:Fuzhou
1238:Canton
978:Howqua
935:Cohong
923:Topics
843:
827:
811:
782:
759:
743:
727:
676:
660:
644:
624:
608:
589:
573:
557:
534:
515:
375:, and
296:London
248:Europe
233:London
225:Bagdad
201:Hankow
197:Canton
142:spices
118:Bombay
106:Bombay
41:&
1253:Macau
345:Japan
298:(12,
162:China
158:opium
150:wheat
134:silks
128:like
94:Japan
90:China
86:India
1233:Amoy
841:ISBN
825:ISBN
809:ISBN
780:ISBN
757:ISBN
741:ISBN
725:ISBN
674:ISBN
658:ISBN
642:ISBN
622:ISBN
606:ISBN
587:ISBN
571:ISBN
555:ISBN
532:ISBN
513:ISBN
323:and
316:silk
209:Kobe
156:and
148:and
146:wool
138:gums
92:and
871:by
700:224
443:of
441:UBS
246:in
239:).
184:".
1275::
684:^
597:^
542:^
523:^
351:.
235:,
215:,
211:,
203:,
199:,
191:,
144:,
140:,
136:,
132:,
96:.
88:,
37:,
907:e
900:t
893:v
788:.
702:.
395:£
355:"
347:–
289:£
285:£
275:"
231:(
223:(
45:.
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
.jpg)