Deutsche Bank Employee Who Managed Trump Assets 'Resigns'

Rosemary Vrablic Investigated for Private Dealings with 'Trump Son-in-Law' Kushner
Loaned $300 Million to Trump... Also Invited to Presidential Inauguration Ceremony

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Jeong Hyunjin] Rosemarie Brablik of Deutsche Bank, who managed the asset operations for U.S. President Donald Trump and provided loans worth hundreds of millions of dollars, will resign next week. She gained public attention when Deutsche Bank was suspected of having a collusive relationship with President Trump at the time of his inauguration. Recently, she has been under internal investigation regarding real estate transactions with Jared Kushner, the senior White House advisor and Trump’s son-in-law.

According to the New York Times (NYT) and others on the 22nd (local time), Deutsche Bank announced that Brablik, the managing director in charge of the asset management department, submitted her resignation and will work only until the 31st of this month. She is 60 years old this year and has worked at Deutsche Bank’s U.S. branch since 2006, managing the Trump family’s assets since 2011.

Managing Director Brablik helped provide loans exceeding $300 million for various businesses, including President Trump’s past purchase of the Doral Golf Resort in Miami, Florida. As a result, President Trump and Advisor Kushner have praised her multiple times in public and invited her as a VIP guest to Trump’s inauguration ceremony.

The NYT explained that “the reason for Managing Director Brablik’s sudden resignation is unclear,” noting that she had been under internal investigation since August. The investigation concerns a $1.5 million real estate transaction in 2013 between a company partially owned by Advisor Kushner and Managing Director Brablik. Deutsche Bank also announced that Dominic Scully, a colleague involved in the transaction and under investigation, will resign. Generally, bank employees are prohibited from transactions with clients due to conflict of interest issues, and the investigation is examining whether there was a problem in this regard.

It is also noteworthy that Managing Director Brablik’s resignation comes just about a month before President Trump’s term ends. President Trump currently owes Deutsche Bank $330 million, with maturities between 2023 and 2024. The collateral includes his personal assets, and the NYT reported that if he fails to repay the loan or extend the maturity, there is a possibility that the collateral could be seized.

This content was produced with the assistance of AI translation services.