Deutsche Bank has begun an internal review of the personal banker to President Trump and his son-in-law, Jared Kushner, regarding a 2013 real estate purchase she made.
The inquiry into Rosemary Vrablic focuses on a property she bought from a company that was partly owned by Kushner, who right now serves as a senior adviser to the president. Banks typically restrict employees from conducting personal business with their clients because of possible conflicts of interest.
Deutsche Bank claims they were not aware of the transaction until being contacted by the New York Times, which reported the story on Sunday.
“The bank will closely examine the information that came to light on Friday and the fact pattern from 2013,” Daniel Hunter, a bank spokesman, told the newspaper.
The deal came to light in Kushner’s annual personal finance report that came out late Friday, revealing he and his wife, Ivanka Trump, received between $1 million to $5 million from a company called Bergel 715 Associates. Vrablic and two of her colleagues purchased a $1.5 million apartment from that company in 2013.
Christopher Smith, the general counsel at Kushner Companies, said Kushner has no involvement with the sales of apartments and is not the managing partner of Bergel 715.
Vrablic’s lawyer refused to comment on the matter. Vrablic, who has been with Deutsche Bank since 2006, has received glowing reviews by both Kushner and Trump in public comments.
Vrablic has managed the Kushner family finances since before she joined Deutsche Bank and later agreed to also take on Trump as a client after she first met him in 2011 through Kushner.
Outside of their time in the public sector, Trump and Kushner remain prominent figures in the real estate world, both having had extensive careers as developers primarily in New York.
