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They assure that the business of the famous empire will not be affected by the sudden death of the 57-year-old baron
Baron Benjamin de Rothschild, chairman of the Franco-Swiss private bank holding company Edmond de Rothschild, died of a heart attack at the age of 57, the group said on Saturday.
The French banker of Jewish origin had already resigned from the day-to-day management of the financial business, which he inherited from his father Edmond, and had entrusted it in 2015 to his energetic wife Arian, an expert in international finance, recalls AFP.
Benjamin had indulged in his passion for high-speed sailing and car racing.
“He is very distant, he has a completely different temperament,” his wife once told the Financial Times. “I admire him because I can’t do that.” I have to have everything firmly in my hands. “
Arian de Rothschild and her daughters are saddened to announce the death of her husband and father, Benjamin de Rothschild, who died of a heart attack at the family mansion in Pregny, Switzerland, the family said in a statement. The deceased banker and his wife have 4 children.
The group describes Benjamin de Rothschild as “a dream entrepreneur, passionate about finance, speed, navigation and cars, a wine enthusiast and an active philanthropist.”
He left behind a family business founded in 1953, which now
manage assets
in the amount of
$ 194 billion,
or 173 billion Swiss francs. In addition to wealth management, the group deals with corporate finance, private equity and property. It employs 2,600 people and has offices in 32 locations around the world.
The headquarters of the French-Swiss financial group Edmond de Rothschild is located in Geneva, specializing in asset management and has nothing to do with the French-British bank Rothschild and Co. (Rothschild and Co.), clarifies AFP.
The two branches
of the extended
family
Rothschild arranged
name dispute
Three years ago finally. Renowned Paris-based investment bank Rothschild & Co and Edmond de Rothschild split the cross actions and agreed not to just use the Rothschild name in the brand.
Cynthia Tobiano, deputy executive director of Edmond de Rothschild, said the business will not be affected by Benjamin’s sudden death.
“Obviously they have discussed and made long-term decisions with him at the family holding level, but at the Arian Bank level he is the chairman of the board along with the executive committee, which develops and implements the strategy.”
The Geneva-based Edmond de Rothschild Bank became fully private in 2019.
The coronavirus is a catalyst for greater and faster digitization when you cannot serve customers face-to-face, adds Cynthia Tobiano.
Last year, Sergei Bogdanchikov, a former head of Russia’s Rosneft, accused Edmond de Rothschild of
participate in a scheme
for bribes, that
took millions
dollars of
investment
its background
and it ultimately cost him more than $ 100 million. The private bank declined to comment on the ongoing case.
The late rich man was also known for his generous donations to Israel, including $ 22 million to fight the COVID-19 pandemic. His non-Jewish wife, Arian, supported programs to help Israeli women with science and to build ties between Muslim and Jewish entrepreneurs.
In recent years, Benjamin de Rothschild has focused more on sailing sponsorship than business, including a campaign for the Gitana team’s high-speed hydraulic trimaran to win the Jules Verne trophy, breaking the world record for sailing around of the world. canvas, which is currently just under 41 days old. Winning this challenge, says Tobiano, “would be a great legacy and something he would love.”
Wealth
of the family
Rothschild dates
18th century,
when Meyer Amschel Rothschild, born in a Jewish ghetto, became a banker to the French nobleman Guillaume IX.
Old Rothschild distributed his vast wealth among his five sons, each of whom founded separate banking dynasties in London, Paris, Frankfurt, Vienna, and Milan.
Since then, the famous family has remained a symbol of wealth, but it is also established in philanthropy. With their help, the first Zionist settlements were created in today’s Israel, when the Ottoman Empire controlled this territory. Rothschild later became famous around the world for his donations.
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