PRESS RELEASE LEHMAN BROTHERS (0.08 MB)
Published on: Mar 4, 2016
Transcripts - PRESS RELEASE LEHMAN BROTHERS (0.08 MB)
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
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.