"Asarco AG Corporate Control Structure (Mikhail Katamanin)
Visual / conceptual chart description:
1. Mikhail Katamanin (Ultimate Beneficial Owner)
Controlled Asarco AG through trusts and proxy arrangements.
Linked to Highland Park, Illinois mansion and other assets.
2. Asarco AG (Swiss Corporation, Usteristrasse 11, Zurich)
Legal forms: AG / SA / Inc.
Activities: Financial transactions, trust functions, consulting, property/patent/license holdings, participation in other companies.
3. Signatories / Board Members
Angela Beltracchi (Basel) – removed prior to 2006.
Urs Haberthür (Zurich) – added 2006; holds signing authority.
4. Property Holdings / Assets
Highland Park mansion (Illinois)
Potential other properties, financial instruments, licenses, patents.
Interpretation:
Katamanin exercises ultimate control, while Asarco AG acts as the operational and legal vehicle.
Board members/signatories (Beltracchi, Haberthür) serve as fiduciary proxies in Switzerland.
Asarco AG’s broad corporate powers enable it to manage international assets and financial transactions, consistent with trust and banking functions."
(Remember. Katamanin died 2009 in switzerland)
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