formed Knut and Alice Wallenberg Foundation. Marcus Wallenberg Sr. Knut Agathon Wallenberg's younger brother Marcus Wallenberg Sr. carried on the tradition and took over as the bank's CEO in 1911, replacing his older brother who was appointed Stockholms Enskilda Bank chairman of the board. Marcus Wallenberg Sr., commonly called häradshövdingen, the circuit judge, due to his law degree, was the great initiative force in the family's industrial commitments; founding, reorganising and reconstructing companies, banks and institutes. He founded Centralbanken of Norway, AB Emissionsinstitutet, Papyrus AB, Swedish Diesel Company, Swedish-Russian-Danish Telephone Aktiebolaget, Mexican Telephone AB Ericsson, reorganising of Nordiska trävaru AB, Kopparbergs & Hofors AB, and of Wifstavarfs AB. He founded, together with Sam Eyde and Kristian Birkeland, Norsk Hydro, and saved ASEA (ABB) from bankruptcy, and not the least founded the Federation of Swedish Industries. He was the main representative in Sweden of the modern pursuit of industry concentration under the leadership of the major banks. In addition to this, he had an active career on the world stage as an active member on many international committees. During World War I, he was repeatedly called upon to bring about trade agreements with England and its allies vis-à-vis the Russian Revolution, the Sykes-Picot agreement and the Balfour Declaration. In the winter of 1919, Wallenberg had to monitor Sweden's interests in financial matters on behalf of the Swedish government during the Paris Peace Conference and in 1920 was Sweden's representative at the Brussels Finance Conference. In 1920, he became a member of the League of Nations' newly established Financial Committee, of which he was Chairman. In 1921, Wallenberg founded the Swedish Taxpayers' Association. Wallenberg participated in leading positions in the implementation of the Dawes Plan. He was Chairman of the Committee on the German Industry's encumberment, a Chairman of the Committee for the Arrangement of Germany's Natural Supplies, the arbitrator in disputes between the German government and the Repair Committee, which was responsible for the Allies' establishment of a functional infrastructure between 1925 and 1930. He was responsible for the interpretation of the Young Plan in 1930. Between 1931 and 1934, Marcus Wallenberg Sr. was the Chairman of the Arbitration Court, which dealt with short-term German credits in the establishment of the German moratorium, established in 1932 in Lausanne. In 1931, Marcus Wallenberg Sr., along with Hjalmar Schacht, was also appointed as an expert by the German government to reconstruct the German