A former Deutsche Bank AG wealth manager connected to Jeffrey Epstein has exited a financial services firm amid questions over why he stepped down, according to a Bloomberg report on Tuesday.
Stewart Oldfield left Third Lake Associates, a financial advisory and broker-deal firm that managed real estate deals, at the end of April, Bloomberg reported. Regulatory filings reveal he was serving as chief executive officer and had been with the company for about two years, “making it one of the shorter employment periods in his more than two-decade finance career, filings show.”
Oldfield was identified in the Epstein files released by the Department of Justice, which revealed Deutsche Bank’s ties to wealthy people connected to the late financier and convicted child sex offender.
“While the reason for his departure remains unclear, the US Department of Justice released a trove of materials earlier this year related to its investigation on Epstein,” Bloomberg reported. “In them, Oldfield’s work during his tenure at Deutsche Bank, leading a team that served the late financier, was detailed in several excerpts.”
Deutsche Bank became Epstein’s main financial firm after JPMorgan dropped him in 2013, after 15 years of working with him. According to the files, Oldfield courted the sex offender’s account in 2017, where he pursued a relationship with Epstein. The bank later paid $200 million in settlements and fines, claiming deep regrets — but denying any wrongdoing.
Oldfield and a Third Lake Associates representative did not respond to Bloomberg’s request for comment.
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