Former President Trump’s banker at Deutsche Bank lost her job in December after an internal probe revealed that she did not properly disclose business that she did with a client.
According to regulatory records released Wednesday with the Financial Industry Regulatory Authority, Rosemary Vrablic, a senior private banker with the firm and a managing director on its wealth management team, “engaged in undisclosed activities related to a real estate investment … including the purchase of the property from a client-managed entity, and the formation of an unapproved outside entity to hold the investment.”
The records say Vrablic was “permitted to resign.”
The internal review centered around a 2013 deal Vrablic engaged in with Bergel 715 Associates. The probe was sparked following a New York Times report that Vrablic and two of her associates bought a Manhattan apartment for $1.5 million.
Trump and Jared Kushner, his son-in-law and former senior adviser, had reportedly already borrowed about $200 million from Deutsche Bank. Kushner owned a small ownership stake in Bergel 715 Associates, according to a financial disclosure report he filed in 2020.
It was not immediately clear from Wednesday’s disclosure if Kushner’s involvement in the transaction played any role in Vrablic’s dismissal.
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Trump family banker ousted from Deutsche Bank over real estate deal https://t.co/RNLkOJtKgk pic.twitter.com/pvmOOsamRF
— The Hill (@thehill) February 4, 2021
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