The heir to the founder of the Franco-Swiss private bank died of a heart attack on Friday at the age of 57. He led the group alongside his wife, Ariane.

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 sole heir of Edmond and Nadine de Rothschild and was at the head of the group created by his father since 1997.

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 withdrawing the listed entity from the Zurich Stock Exchange in 2019 and by cutting 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.

Benjamin de Rothschild’s funeral will take place in the coming days in the strictest family privacy, his family told AFP.

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