Jamie Reuben, a trustee at the Reuben Brothers foundation, has stepped down from his non-executive position at Metro Bank, according to CITY A.M. Metro Bank was the first high street bank in the U.K to launch in 100 years, and attracted the investment of the Reuben Brothers, known for their investing acumen and philanthropy.
The Reuben Brothers, David and Simon Reuben, invested in the bank in 2010, and Jamie took his non-executive position in 2011. A bank spokesperson said, “Jamie provided invaluable support to Metro Bank, and we thank him greatly for the role he has played in our growth.”
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Jamie Reuben has focused on property development and philanthropic causes at Reuben Brothers, including the foundation’s Children Cancer Center. He has also been the board director for Motcomb Estates.
The Reuben Brothers are located in Switzerland and are focused on venture capitalism and private equity. They began their investments in the Russian metals business in the 1990s. They sold their Russian assets and focused on the U.K property market, and are involved in the regeneration of the Paddington area of London. The brothers are owners of Global Switch, a leading owner and operator of large scale, multi-tenanted, carrier-neutral datacentres in Europe and Asia-Pacific for the telecoms industry.
Global Switch is also owned by the Reuben brothers through a company called Aldersgate Investments Ltd. Aldersgate is incorporated in the British Virgin Islands and is wholly owned by family trusts controlled by David and Simon Reuben, both of whom are also British citizens.