For Immediate Release Media Contact: Frank Wöllstein
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Published on: Mar 4, 2016


  • 1. For Immediate Release Media Contact: Frank Wöllstein Tel.: +49 69 1338 8035 LEHMAN BROTHERS SPONSORS THE JULIAN SCHNABEL EXHIBITION AT THE SCHIRN KUNSTHALLE FRANKFURT FRANKFURT, Wednesday, January 28 – Lehman Brothers, the global investment bank, is sponsoring the retrospective art exhibition "Julian Schnabel: Paintings 1978 - 2003", presented from January 29, 2004 until April 25, 2004 in the Schirn Kunsthalle Frankfurt. This exhibition focuses on the comprehensive painting work of the American painter, sculptor and filmmaker Julian Schnabel, whom Karl Dannenbaum, CEO Lehman Brothers Germany, describes as a "legendary artist already during his life time". Since the early eighties, Julian Schnabel, born in 1951 in Brooklyn / New York, has ranked among the big stars of the international art scene. Through its commitment as main sponsor of the Schnabel exhibition, Lehman Brothers hopes to advance the debate on the significance of contemporary painting in the context of art history. Furthermore, CEO Karl Dannenbaum wants to “demonstrate the Firm’s commitment to Frankfurt as Germany’s major cultural hub and foremost international financial centre”. Established as an investment bank by German immigrants who arrived in the USA more than 150 years ago – Lehman Brothers also wants “to support and actively promote the exchange between the American and European cultures”. Lehman Brothers believes that the approach taken by Julian Schnabel, reflects its own philosophy, as Mr Dannenbaum commented: “For Schnabel, artistic freedom is the ability to see possibilities, or options in many things. We often apply this idea to our own work where our main objective is to identify new opportunities, think creatively to find new business potential and to follow new roads. We are delighted to be able to sponsor this important exhibition and look forward to offering our continued support as a committed member of the Frankfurt community”. This strategy has worked well for Lehman Brothers, even in the most difficult and challenging markets. Last year the Firm was elected “Bank of the Year 2002” by IFR magazine, and this month the title “Manager of the Year 2003” was awarded to Richard Fuld, Chairman and CEO of Lehman Brothers worldwide. In Germany, Lehman Brothers’ operations have been successful, with leading positions in core areas such as equities and fixed income sale and trading, as well in mergers and acquisitions. Lehman Brothers currently employs approximately 100 staff in its Frankfurt office, with a further 50 employees in London dedicated to the German markets.

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