Death of the Chairman of Edmond de Rothschild Holding at 57

Benjamin de Rothschild, Chairman of Edmond de Rothschild Holding SA, which contributed to the bank’s privatization in 2019, has died at the age of 57.

“It is with deep regret and great sadness that the Edmond de Rothschild Group announces the death of Benjamin de Rothschild following a heart attack at his home in Pregny, Switzerland,” the company said on Saturday. A declaration.

Baroness de Rothschild prepares expansion of Swiss private bank after offer

The Swiss branch of the vast Rothschild banking dynasty – once one of the richest families in the world – was established by Baron Edmond de Rothschild, whose parents fled to Switzerland during World War II. He created the group in 1953, later bought a Swiss private bank and started asset management.

De Rothschild had been at the head of the group created by his father since 1997 and worked to simplify its structure after its delisting. At the end of 2019, the group had assets of 173 billion francs (194 billion dollars) with activities in 15 countries, according to its website.

(Updates with a background throughout.)