Benjamin de Rothschild, Chairman of Edmond de Rothschild Holding SA, who helped get the bank private in 2019, has passed away at the age of 57.
“It is with deep regret and deep sadness that Edmond de Rothschild Group announces the death of Benjamin de Rothschild after a heart attack at his home in Pregny, Switzerland,” the company said on Saturday. a statement.
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The Swiss branch of the sprawling Rothschild banking dynasty – once one of the world’s wealthiest families – was founded by Baron Edmond de Rothschild, whose parents fled to Switzerland during World War II. He founded the group in 1953, later bought a Swiss private bank and moved into asset management.
De Rothschild had headed the group his father founded since 1997 and worked to simplify the structure after deletion. At the end of 2019, the group had 173 billion francs ($ 194 billion) in assets with operations in 15 countries, according to the website.
(Updates with background information.)