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AFRICA SWITZERLAND Finance Issue dated 15/01/2021

As Glasenberg retires, Marc Rich's personal assets still structured in Switzerland

Marc Rich, Ivan Glasenberg's mentor.
Marc Rich, Ivan Glasenberg's mentor. ©REUTERS/Gil Cohen Magen
As the Glencore chief executive Ivan Glasenberg prepares to step down from the trading company, his predecessor Marc Rich's heirs have kept Switzerland as the base for his family office and foundation. Home to Glencore's founder, the small country also hosts Glasenberg and the trading group. [...] (624 words)
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