Anonymous ID: 9e0e08 Feb. 20, 2025, 8:34 p.m. No.22623848   🗄️.is 🔗kun   >>3858

>>22623818

>>22623790

 

Oct. 19, 1974

 

Israeli Investing Scandal Unveiled by Rothschild

 

PARIS, Oct. 18—About four weeks ago Baron Edmond de Rothschild received a telephone call from a business associate who was worried about unauthorized foreign deposits of an Israeli investment company.

 

That call lead to the unfolding of a tale of misdeeds that is rocking the state of Israel and damaging its foreign fund. raising efforts.

 

An unusual investment company known as the Israel Corporation, in which Baron Rothschild is the biggest individual stockholder, is at the center of the storm. Into it the 48‐year‐old scion of the famous banking family has poured roughly half of his $10‐million overall investment in the beleaguered state.

 

Baron Rothschild, some 300 other stockholders — wealthy Jews and non‐Jews from all over the world and Israel —have injected $100‐million in capital and long‐term loans into the Israel Corporation over the last half‐dozen years in efforts to build up industry in the country and strengthen its economy.

 

No Decision to Withdraw

 

Interviewed in Paris, representatives of Baron Rothschild have disclosed the background of the affair and proclaimed his determination to take “whatever steps may be necessary justify continued investor confidence in the company.” They have also denied rumors that Baron Rothschild is considering pulling his investments out Israel because of the scandal.

 

A representative said: “There is no decision to withdraw from Israel and in view of the close attachment of Baron Rothschild's grandfather [also named Edmond] to the Zionist cause, it is highly unlikely he would withdraw.

 

The grandfather gave large amounts of money to the early settlers who sought refuge in Palestine from pogroms in Eastern Europe.

 

The caller three weeks ago told. Baron Rothschild that the Israel corporation had deposits in the Internatidnal Credit Bank of Geneva, a bank that rumor had it—later proved correct—was in financial trouble

 

I'S this was true, in Baron Rothschild's view, it amounted to a violation of executive trust since the board of directors of the Israel Corporation had never authorized an investment outside of Israel except in one minor situation, and in that case the investment was directly related to the economy of Israel.

 

https://www.nytimes.com/1974/10/19/archives/israeli-investing-scandal-unveiled-by-rothschild-no-decision-to.html

 

Israeli Investing Scandal Unveiled by Rothschild

Anonymous ID: 9e0e08 Feb. 20, 2025, 8:36 p.m. No.22623858   🗄️.is 🔗kun

>>22623848

 

Additional deposits were made in Rosenbaum enterprises — which investigators have traced to the Vaduz trust—by companies in which the Israel Corporation is a shareholder. These companies are Zim Navigation, the Israeli shipping line, in which the investment company shares a 50 per cent interest with Government agencies, and the company controlling the Haifa Refineries, in which the Israel Corporation has a 26 per cent interest, with the Government holding the rest.

 

The total deposits of these two companies is $14.8‐million. Here again Rothschild representatives stress, even if the funds are never recovered, the solvency of their two major enterprises is far from endangered.

 

These are “large, strong and profitable corporations,” said acting Israeli Finance Minister, Hahn Bar‐Lev to the Knesset Oct. 9.

 

Any losses may furthermore be diminished by attachments that are expected to be placed in credit proceedings on Mr. Rosenbaum's assets in Israel. Among other things, he owns shares in two Israeli cotton companies, the A.T.A. Company and the Lodzia Company.

 

The Israel Corporation was formed during the celebrated “millionaires conference” in Tel Aviv in 1968 when Israel was basking in the security won by the Six‐Day War and recovering from an economic recession.

 

The conference of international Jewish leaders, such as Baron Rothschild from France and Sir Siegmund Warburg and Sir Isaac Wolfson from Britain, was called by then Finance Minister Pinhas Sapir to create a new company that would promote development of basic branches of the economy using normal business practices.

 

Tax incentives were granted to provide a spur for personal involvement. These included ceiling on company tax and exemption from income tax on profits and dividends for longer initial periods than was customary. Company shareholders were also granted exception from capital gains and inheritance taxes.

 

The initial intention was to sell shares in the investment company in $1‐million blocks and to raise something like $350‐million. The subscriptions were more modest, however (with capital and loans now totaling $100‐million) and the block participations were subsequently lowered to $100,000.

 

Shares have been sold most recently in South Africa and Iran. There are a number of American shareholders such as Mr. Krueger of Kuhn Loeb.

Anonymous ID: 9e0e08 Feb. 20, 2025, 8:40 p.m. No.22623877   🗄️.is 🔗kun   >>3889

February 18, 2025

 

Edmond de Rothschild takes majority stake in Hottinger & Co and names CEO

 

Wealth management firm strengthens UK private banking presence with 70% ownership and leadership.

 

Edmond de Rothschild has expanded its footprint in the UK private banking sector by increasing its stake in Hottinger & Co Limited to 70%.

 

Alongside this move, the firm has appointed Penny Lovell as CEO of Private Banking (UK), while outgoing CEO Mark Robertson transitions to chairman of the board.

 

This acquisition marks a significant step in Edmond de Rothschild’s strategy to enhance its services for UK and international clients using London as a financial hub.

 

Moreover, the investment builds on a long-standing partnership that began in 2021 when the firm first acquired a minority stake in Hottinger & Co alongside executive shareholders Robertson and Alastair Hunter.

 

Hottinger & Co, a London-based independent wealth manager, specialises in providing bespoke financial solutions to high-net-worth individuals and family offices.

 

In addition to this, the existing senior management team will remain in place, ensuring continuity and a shared commitment to future growth under Lovell’s leadership.

 

Lovell brings over two decades of experience in private banking and wealth management. She has joined from Citi Private Bank, where she served as managing director and head of HNW (High Net Worth) since 2022. Her career also includes key roles at Fleming Family & Partners, Rothschild & Co Asset Management, and Close Brothers Group.

 

Ariane de Rothschild, CEO of Edmond de Rothschild stated: “We are pleased to welcome Penny as chief executive officer of Hottinger & Co Limited. She brings a wealth of experience and a track record in private banking, and we are confident in her ability to lead our UK operations into a new era of growth and innovation. Her expertise aligns with our commitment to tailored solutions and exceptional service to our clients. I would also like to extend my heartfelt gratitude to Mark Robertson for his outstanding leadership and strategic vision as CEO, and we are honored to welcome him in his new role as Chairman, where he will continue to contribute to our UK presence.”

 

The transition underscores Edmond de Rothschild’s ambition to strengthen its private banking and wealth management services, leveraging its expanded stake in Hottinger & Co to deliver long-term value to its clients.

 

https://www.privatebankerinternational.com/news/edmond-de-rothschild-takes-majority-stake-in-hottinger-co-and-names-ceo/

 

Is this why England is such a shithole coz these fuckers are deep imbedded?