Alan Rappaport

Alan Rappaport

Chairman at VIRTUS EQUITY & CONVERTIBLE INCOME FUND

Net worth: 17 M $ as of 2024-02-28

71 year
Miscellaneous
Finance
Consumer Services

Profile

Baruch "Bruce" Rappaport (February 15, 1922 – January 8, 2010) was an international banker and financier.

Swiss American Bank
In April 1983, Rappaport formed Swiss American Bank Ltd., later renamed Global Bank of Commerce, Ltd., and became the first licensed bank in Antigua governed by the International Business Corporations (IBC) Act of 1982 .

The bank was later sued by the United States for failure to release forfeited funds from one of its account holders. The lawsuit stemmed from a plea agreement with John E. Fitzgerald, who admitted to laundering $7,000,000 through numerous shell corporations and eventually deposited the funds in Swiss American Bank. Swiss American Bank, instead of returning the money to the United States Government, paid $5 million to the government of Antigua and Barbuda and deposited $880,000 into a bank account held at the Bank of Bermuda. Lester Bird, the former Prime Minister of Antigua, later told the US government, "We can't get you the records, they were destroyed in the hurricane".

On March 1, 2006, the government of Antigua and Barbuda brought legal action against its former prime minister Lester Bird, Bruce Rappaport, and other defendants. The cable states,
cquote|Although with a marked pro-Lester Bird bias, Sanders provided some valuable insight into the situation in Antigua and throughout the Caribbean. As a cautionary note, Sanders is linked to a bank under investigation. He used to be Chairman of Swiss/Israeli businessman Bruce Rappaport's Swiss American Banking Group in Antigua. Rappaport and the bank are at the center of a corruption probe that the new Antiguan government is conducting into the Lester Bird regime. Post will keep in contact with Sanders.

West Indies Oil Company (WIOC)
In 1980, a Rappaport controlled company by the name of National Petroleum Ltd purchased 440,000 shares of the West Indies Oil Company (WIOC) for $6,000,000 from the country of Antigua. The deal was negotiated by the former prime minister of Antigua, Lester Bird.

On May 30, 2010, the government of Antigua and Barbuda, using a $68 million loan from the Venezuelan firm, PDVSA, repurchased all of the shares to WOIC from National Petroleum Ltd

Rappaport provided the financing, and the land on Antigua, for the melon farm that was used to funnel the weapons from Israel to Colombia via Antigua.

Source @ Wikipedia

Known holdings in public companies

CompanyDateNumber of sharesValuationValuation date
2024-01-09 445,712 ( 0.68% ) 17 M $ 2024-02-28
2023-11-13 5,000 ( 0.00% ) 65 550 $ 2024-02-28
2023-11-13 3,500 ( 0.01% ) 53 725 $ 2024-02-28
2023-11-13 4,000 ( 0.01% ) 29 920 $ 2024-02-28

Alan Rappaport active positions

CompaniesPositionStart
PIMCO CALIFORNIA MUNICIPAL INCOME FUND II Director/Board Member 2010-06-21
VIRTUS DIVIDEND, INTEREST & PREMIUM STRATEGY FUND Chairman 2010-05-31
PIMCO STRATEGIC INCOME FUND, INC. Director/Board Member 2010-05-31
PIMCO GLOBAL STOCKSPLUS & INCOME FUND Director/Board Member 2010-05-31
PIMCO MUNICIPAL INCOME FUND II Director/Board Member 2010-06-21
PCM FUND INC. Director/Board Member 2010-06-21
PIMCO CALIFORNIA MUNICIPAL INCOME FUND III Director/Board Member 2010-06-21
PIMCO CORPORATE & INCOME STRATEGY FUND Director/Board Member 2010-05-31
PIMCO CORPORATE & INCOME OPPORTUNITY FUND Director/Board Member 2010-06-21
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All active positions of Alan Rappaport

Former positions of Alan Rappaport

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See the detail of Alan Rappaport's experience

Training of Alan Rappaport

Harvard University Undergraduate Degree
Stanford University Masters Business Admin

Experiences
Positions held

Active

Inactive

Listed companies

Private companies

See the detail of Alan Rappaport's experience

Connections

100 +

1st degree connections

66

1st degree companies

Male

Female

Members of the board

Executives

See the personal network

Linked companies

Listed companies1
MERRILL LYNCH PREFERRED CAPITAL TRUST I

Finance

Private companies62

Miscellaneous

Miscellaneous

Miscellaneous

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Miscellaneous

CIBC Oppenheimer Advisers LLC

Miscellaneous

Miscellaneous

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Miscellaneous

Finance

Finance

Miscellaneous

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Finance

Miscellaneous

Miscellaneous

Miscellaneous

Miscellaneous

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Commercial Services

Finance

Miscellaneous

Consumer Services

Miscellaneous

Commercial Services

Finance

Finance

Virtus Investment Trust

Miscellaneous

Health Services

Miscellaneous

US Trust

Finance

Technology Services

Commercial Services

Miscellaneous

Miscellaneous

Miscellaneous

Miscellaneous

Miscellaneous

Miscellaneous

Technology Services

Miscellaneous

Miscellaneous

Victory Capital Holdings, Inc.

Health Services

Miscellaneous

Miscellaneous

Miscellaneous

Miscellaneous

Miscellaneous

Miscellaneous

Pimco Flexible Municipal Income Fund

Miscellaneous

Virtus Allianzgi Closed-End Funds

Virtus Dividend Interest & Premium Strategy Fund

Miscellaneous

See company connections
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