Posted on Jan 16, 2021 11:55 AMUpdated Jan 16, 2021, 3:55 PM
Baron Benjamin de Rothschild, chairman of the board of directors of Edmond de Rothschild Holding SA, an entity that oversees the Edmond de Rothschild group, died on Friday, his family announced on Saturday. Her death occurred “following a heart attack at the family home of Pregny (Switzerland), in the afternoon of January 15,” she said in a statement.
Born in 1963, Benjamin de Rothschild was the son and only heir of Edmond and Nadine de Rothschild. He took the lead of the group created by his father when the latter died in 1997, after having worked alongside him for a long time.
A duet with his wife Ariane
With his wife Ariane, who took the reins of the establishment in 2015, they led the development of this discreet empire of the Rothschild galaxy, specializing in private banking and asset management.
In recent years, they have notably transformed and simplified the group’s structures, by removing the listed entity from the Zurich Stock Exchange in 2019 and by cutting the cross-shareholdings with Rothschild & Co, the investment bank of the other branch of the dynasty (after a pass over the use of the Rothschild name).
Created in 1953, the Edmond de Rothschild group, based in Geneva, now has 173 billion Swiss francs in assets under management (160 billion euros), 2,600 employees and 32 offices around the world.
A sailing enthusiast
Passionate about sailing, Benjamin de Rothschild was also known for having created in 2000 the “Gitana Team”, an offshore racing team which has won victories in various events (Route du Rhum, English Transat, Transat Jacques Vabre…). The Edmond de Rothschild group also owns Château Clarke, a wine estate in Bordeaux (like the distant cousins Lafite-Rothschild and Mouton-Rothschild).
Benjamin de Rothschild’s funeral will take place in the coming days in the strictest family privacy, his family told AFP.