Benjamin de Rothschild, chairman of Edmond de Rothschild Holding SA, who helped make the bank private in 2019, has died at 57.
“It is with deep regret and great sadness that 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 in a statement.
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The Swiss branch of the vast Rothschild banking dynasty – once one of the world’s richest families – was created 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 branched out into asset management.
De Rothschild has been the head of the group that founded his father since 1997 and has since worked to simplify its structure after making a delisting. At the end of 2019, the group had 173 billion francs ($ 194 billion) in assets with activities in 15 countries, according to its website.
(Updates with continuous background.)