Education and Marcus Wallenberg left his position as NCO in the Swedish navy at the age of 18 to pursue a Candidate of Law degree at Uppsala University. He received the title of Circuit Judge 1892. In the same year, Marcus’s older brother, Knut Agaton Wallenberg, served as Chief Executive Officer of Stockholms Enskilda Bank and induced Marcus to come work for him as vice president of the bank.
An offer Marcus accepted.
He served as Chief Executive Officer until the year of 1920. Marcus laid the very foundation of the bank for decades with his emphatic defense of his own banking policy and constant emphasis on the importance of family traditions.
His mother was Anna Wallenberg. Marcus’s married Gertrud Amalia Hagdahl on 19 August 1890.
A successful upbringing considering both sons served as Chief Executive Officer of the bank.
Marcus Wallenberg died at the age of 79 and is today buried in Wallenberg-Mausoleum in Malmvik, Ekerö Municipality.
Royal Swedish Academy of Sciences.