What is Rosemary Vrablic's net worth? Here's why Donald Trump's personal banker at Deutsche Bank quit abruptly
President Donald Trump’s longtime banker at Deutsche Bank, who facilitated for the German lender to issue hundreds of millions of dollars of loans to his company, has resigned from the bank. Rosemary Vrablic, a managing director and senior banker in Deutsche Bank’s wealth management division, recently offered her resignation, which the bank accepted, according to a bank spokesman Daniel Hunter.
On Tuesday, December 22, Rosemary, in a statement, said, "I’ve chosen to resign my position with the bank effective Dec 31 and am looking forward to my retirement." According to The New York Times, the reasons for her abrupt resignation were not clear. In August, as per the report, Deutsche Bank started an internal review into a 2013 real estate transaction between Rosemary and a company owned in part by Jared Kushner, the son-in-law of Trump and a client of her's. Dominic Scalzi, a longtime colleague of Rosemary who played a role in that transaction, will also leave the bank.
According to NYT, Rosemary and Scalzi joined the bank in 2006. She made a name for herself as one of her division’s leading achievers. In 2011, she landed a prominent new client: Trump. With her bosses’ approval, Rosemary approved for a series of loans, totaling well over $300M, for his newly acquired Doral golf resort in Florida, for his Chicago skyscraper and for the transformation of the Old Post Office building in Washington into a luxury hotel.
The report states that Trump owes Deutsche Bank about $330M, and the loans come due in 2023 and 2024. He provided a personal guarantee to get the loans, which means that if he fails to pay them back, the bank can pursue his personal assets.
What is Rosemary Vrablic's net worth?
Even though her net worth is not known, as per the NYT report, Deutsche Bank’s internal review has been on, at least in part, on a Park Avenue apartment that Rosemary, Scalzi and another Deutsche Bank colleague purchased for about $1.5M from a company called Bergel 715 Associates in June 2013. Kushner held an ownership stake in that company at the time. In August this year, after being contacted by NYT, Deutsche Bank officials started reviewing the transaction “and the fact pattern from 2013,” Hunter, the bank spokesman, had said at that time. The status and scope of that review, which may include other transactions, is not clear, but bank officials had previously said they hoped it would be completed by the end of the year.
Rosemary is supposedly one of New York’s leading private bankers. As per NYT, to attract her, Deutsche Bank guaranteed that she would earn at least $3M a year, curiously rich terms for a private banker, and would sidestep a layer of management to report directly to Thomas Bowers, the head of the American wealth-management division, according to people familiar with her contract. Kushner introduced Vrablic to his father-in-law. Vrablic was in the spotlight when Trump told NYT in 2016 about his strong relationship with Deutsche Bank — and overstated Vrablic’s role at the bank. “Why don’t you call the head of Deutsche Bank? Her name is Rosemary Vrablic,” he said in the interview. “She is the boss.”
The connection between Trump and the German bank is the subject of congressional, civil and criminal investigations. The Manhattan district attorney, Cyrus R Vance Jr, has been investigating whether Trump committed financial crimes as he pursued to get loans from Deutsche Bank.
Soon people on social media started weighing in on the issue. One commented, "I read that the banker who protected Trump at Deutsche Bank abruptly resigned today. I wonder if papers are being shredded." Another said, "This is significant. Deutsche Bank was subpoenaed for certain of Trump's records a couple months ago." A user asked Trump, "Why did your Deutsche Bank private banker Rosemary Vrablic resign today?"
I read that the banker who protected Trump at Deutsche Bank abruptly resigned today.— Wet Ass Pay Statement (WAPS) (@HarlemJ11) December 23, 2020
I wonder if papers are being shredded
This is significant. Deutsche Bank was subpoenaed for certain of Trump's records a couple months ago. https://t.co/jlCmVjLxKW— Pooetryman (@POOetryman) December 23, 2020
Why did your Deutsche Bank private banker Rosemary Vrablic resign today?— Carrie Graber (@CarrieGraber) December 23, 2020
These remarks were made by the internet and individual organizations, MEAWW cannot confirm them independently and nor does it support these claims being made on the Internet.