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  • Ex-UBS Banker Is Behind Packer-Carey Prenup

    Robert Rankin, a seasoned investment banker, probably landed the most unconventional assignment of the year: draft the prenuptial agreement for a billionaire casino magnate engaged to Mariah Carey.


    Robert Rankin took hire as personal investment manager of James Packer two years ago. As such, he became chairman of Packer's $10-billion casino resort corporation and manager of the billionaire's $5 billion private investment estate.

    It's not unusual for investment bankers to go in-house with a major client, but perhaps less natural is how Rankin's investment banking expertise was used: earlier this year, he was pressed into service to draft a prenuptial agreement – prenup – for the billionaire’s marriage to songstress Mariah Carey, herself worth more than $500 million.

    Prenups aren’t unusual in the world of the super-rich and, in the case of twice-married Packer, certainly advisable.

    But the terms of the Packer-Carey agreement, as