The history of Wegelin & Co. dates back to 1741 when Caspar Zyli, member of a family long affiliated with the Notenstein association, established a shipping and trading company. By the mid-1800s it had developed into a pure banking business. The incursion of the French in 1798 and the demise of the old order also spelled the end for the rich traditions of the Notenstein merchants: the association was dissolved. In 1893, the "Caspar Zyli trading company" became Wegelin & Co.
