President Trump’s longtime banker at Deutsche Bank, who arranged for the German lender to make hundreds of millions of dollars of loans to his company, is stepping down from the bank.
Ms. Vrablic, 60, said her last day is December 31. It’s not clear why she’s “retiring”.
Ms. Vrablic and Mr. Scalzi joined Deutsche Bank in 2006 from Bank of America. Ms. Vrablic quickly made a name for herself as one of her division’s leading rainmakers. In 2011, she landed a prominent new client: Mr. Trump, who for decades had been mostly off-limits to the mainstream banking world because of his tendency to default on loans. With her bosses’ approval, Ms. Vrablic agreed to a series of loans, totaling well over $300 million, for his newly acquired Doral golf resort in Florida, for his troubled Chicago skyscraper and for the transformation of the Old Post Office building in Washington into a luxury hotel.
Deutsche Bank is under investigation by Manhattan district attorney, Cyrus Vance in connection to loans to Trump.