Shipping billionaires shake up family office again

From left: Jacques Saade, Rodolphe Saade and Tanya Saade in Le Havre, France. — AFP

NEW YORK: The billionaire Saade shipping clan is shaking up its family office for the second time this year.

Michel Sirat, who was formerly chief financial officer (CFO) at Saade-controlled container-shipping line CMA CGM, is no longer managing director at Merit France, the firm that oversees the family’s fortune, according to a filing on Tuesday.