rothschild & co


  • [6] Formerly: Paris Orléans; Type: Public (under Rothschild family control); Traded as: Euronext: ROTH; Industry: Financial services; Predecessor: N M Rothschild & Sons, Rothschild
    & Cie; Founded: 1811; 212 years ago; Founder: Nathan Mayer Rothschild; Headquarters: Paris, France, London, England; Area served: Worldwide; Key people: David René de Rothschild (Supervisory Board Chairman)[2], Alexandre de Rothschild (Executive
    Chairman)[3], Robert Leitão (co-Chairman of the Group Executive Committee and Managing Partner)[1], François Pérol (co-Chairman of the Group Executive Committee and Managing Partner)[1], Marc-Olivier Laurent (Managing Partner)[1]; Products:
    Investment banking, Corporate banking, Private equity, Asset management, Private banking; Revenue: € 1,799 million (2020)[4]; Operating income: € 374 million (2020)[4]; Net income: € 309 million (2020)[4]; AUM: € 78.1 billion (2020)[4]; Total
    assets: € 14.7 billion (2020)[4]; Number of employees: 3,589 (2020)[4]; Subsidiaries: Rothschild Martin Maurel (France, Belgium, Monaco), Rothschild Bank (Global) History Rothschild & Co is the result of a merger between the French and British
    houses of Rothschild, each with individual but intertwined histories.

  • [39] In 2018, Rothschild & Co sold its trust services division (responsible for the creation and administration of trust structures) to Richard Martin,[40] a long-time Rothschild
    executive for an undisclosed amount.

  • [23] 20th century[edit] Logo of Rothschild prior to 2015 rebranding After the Second World War, the French branch of the Rothschild family took over the remains of Paris Orléans
    and transformed it into a holding company for its banking activities and corporate investments.

  • After the war, the British and French banks committed themselves to further developing their new operation in the United States, which was eventually to become Rothschild
    Inc,[17] and increased focus on mergers and acquisitions, asset management, and merchant-banking.

  • After the acquisition, Rothschild & Co became the leading private bank in France.

  • The words of one of Mayer Amschel Rothschild’s sons and founder of Rothschild & Co still illustrate the service provided to clients: “It takes a great deal of boldness and
    a great deal of caution to make a great fortune; and when you have got it, it requires ten times as much wit to keep it” –Nathan Mayer Rothschild[51] Merchant Banking[edit] Merchant banking is the investment arm of Rothschild & Co, deploying
    the firm’s capital alongside private and institutional investors.

  • “[9] During the early part of the 19th century, the Rothschild London bank took a leading part in managing and financing the subsidies that the British government transferred
    to its allies during the Napoleonic Wars.

  • [69][70] 1MDB Malaysian sovereign wealth fund scandal (2015–present)[edit] Main article: 1Malaysia Development Berhad scandal Rothschild Bank AG (since October 2018 renamed
    Rothschild & Co. Bank AG), a subsidiary of Rothschild & Co,[71] broke anti-money-laundering rules in 1MDB case according to Swiss prosecutiors.

  • “[36] In 2015, the parent company Paris Orléans changed its name to Rothschild & Co to match the trade name of the business.

  • [66] In June 2019 the Appeals Court of Massachusetts (Boston) decided that von Schönau’s suit against Rothschild Bank should be revived, as she had made a showing that Wilfrid
    von Plotho, she claims caused her millions of dollars to lose, was Rothschild Bank’s agent in Switzerland as well as in the USA.

  • [67] Penalty of USD 11,510,000: Non-Prosecution Agreement with the U.S. Department of Justice (2013-2015)[edit] According to the Non-Prosecution Agreement with the U.S. Department
    of Justice (Tax Division) of June 2015 Rothschild Bank (now Rothschild & Co. Bank AG) admitted that it had 66 U.S.-related accounts held by entities created in Panama, Liechtenstein, British Virgin Islands or other foreign countries with U.S.
    beneficial owners.

  • This restructuring of Rothschild’s Wealth Management practice allowed the firm to focus more on its private banking activities from the recent purchase and integration of
    Rothschild Martin Maurel.

  • [42] In 2022, Wintrust announced a deal to acquire the U.S. asset management arm of Rothschild, which held around $8 billion in assets under management at the time.

  • Rothschild & Co is a multinational investment bank and financial services company, and the flagship of the Rothschild banking group controlled by the French and British branches
    of the Rothschild family.

  • For a contemporary equivalent, one has to imagine a merger between Merrill Lynch, Morgan Stanley, JP Morgan Chase & Co. and probably Goldman Sachs too—as well, perhaps, as
    the International Monetary Fund, given the nineteenth-century Rothschild’s role in stabilizing the finances of numerous governments.

  • In pursuit of expansion, he appointed his sons to start banking operations in the various capitals of Europe, including sending his third son, Nathan Mayer Rothschild (1777–1836),
    to England.

  • After the War, the Rothschild banks began a steady transition towards advisory work and finance raising for commercial concerns, including the London Underground.

  • Rothschild also advised on some of the largest and most high-profile corporate restructurings around the world.

  • N M Rothschild & Sons’ financial strength in the City of London became such that by 1825, the bank was able to supply enough coin to the Bank of England to enable it to avert
    a liquidity crisis.

  • [9] According to historian Niall Ferguson in 1999, “For most of the nineteenth century, N M Rothschild was part of the biggest bank in the world which dominated the international
    bond market.

  • [44][45] The transaction values the firm at €3.7bn and would end several decades of the firm being publicly listed.

  • [37] In 2017, Rothschild & Co acquired the family-controlled French private bank Martin Maurel.

  • [60][61] Controversies and legal issues Jürg Heer scandal[edit] Dr. Jürg Heer worked for Rothschild Bank AG (since October 2018 Rothschild & Co. Bank AG) in Zurich for more
    than twenty years, the last nine as its credit manager.

  • He later moved to London, founding N M Rothschild & Sons in 1811 at New Court, which is still the location of Rothschild & Co’s headquarters today.

  • In 1887, the French and English Rothschild banking houses loaned money to, and invested in, the De Beers diamond mines in South Africa, becoming its largest shareholders.

  • Although Paris Orléans is listed on the exchange, the family retains control of the firm.

  • The chairperson, traditionally appointed by the Rothschild bank, sat in the center, although the bank itself has largely withdrawn from trading.

  • [38] This merger united the businesses of two European financial families.

  • [47] Operations Rothschild & Co has three primary businesses: Global Advisory (Investment Banking Division), Wealth and Asset Management, and Merchant Banking.

  • [7] Early 19th century[edit] Nathan Mayer Rothschild first settled in Manchester, where he established a business in finance and textile trading.

  • Rothschild’s financial advisory division is known to serve British nobility as well as the British Royal Family.

  • [32] Recent history[edit] Current Logo of Rothschild & Co (2015–) In 2007, Rothschild formed joint venture Jardine Rothschild Asia Capital with Jardine Strategic, specializing
    in growth capital investments.

  • The providing of other innovative and complex financing for government projects formed a mainstay of the bank’s business for the better part of the century.

  • [34] In 2011, the firm rebranded from “N M Rothschild & Sons” to “Rothschild & Co.”[35] The goal of this was to show “a new global positioning as the fulcrum of the Financial

  • [43] In 2023, the Rothschild family announced its intention to take Rothschild & Co. private by repurchasing the shares listed on stock exchanges.

  • [55] The firm’s new analyst education program in London, for instance, lasts nearly two months.

  • Les Domaines Barons de Rothschild (Lafite) and Champagne Barons de Rothschild are some of the wineries owned in part by Rothschild & Co.[53][54] Corporate culture[edit] Rothschild
    & Co has a unique culture in part due to its more than two-century history and the firm still remaining under family control.

  • “The Rothschild Brothers”) of Paris and N M Rothschild & Sons of London joined with other investors to acquire the Spanish government’s money-losing Rio Tinto copper mines.

  • [8] Through this company, Nathan Mayer Rothschild made a fortune with his involvement in the bond market.

  • In the 1980s, Rothschild took a leading role in the international phenomenon of privatization.

  • [72] In July 2018 the Swiss Financial Market Authority (FINMA) concluded final 1MDB proceedings, in which Rothschild Bank AG and its subsidiary Rothschild Trust (Schweiz)
    AG have been found to be in serious breach of money laundering rules in the context of 1 MDB.

  • In December 2014 a separate and final judgment over US$15 million against von Plotho and his Panamanian offshore company ARA Management was entered in force; neither von Plotho
    nor ARA Management appealed from that judgment.

  • [28] Modern history and recent events[edit] Anglo-French Rothschild merger[edit] In 2003, the English (N M Rothschild & Sons) and French (Rothschild & Cie Banque) firms announced
    plans to merge under the leadership of David R. de Rothschild.

  • In 1938, the Austrian Rothschilds’ interests were given to the Nazis, bringing to an end more than a century at the heart of Central European banking.

  • [62][63] The Rothschild family committed CHF 150 million to supporting its bank in recovering from one of the then largest financial frauds in Switzerland.

  • In 1962, the firm demolished and rebuilt its New Court headquarters for a third time at the suggestion of Evelyn Robert de Rothschild.

  • [10] Like most firms with global operations in the 19th century, Rothschild had links to slavery, even though the firm was instrumental in abolishing it by providing a £15m
    gilt issue necessary to pass the Slavery Abolition Act of 1833.

  • Until their settlement, Rothschild & Co and the Edmond de Rothschild Group were cross-shareholders in each other’s business, further complicating the matter.

  • This partial list excludes the many notable members of the Rothschild family who have worked at the family firm.

  • [65] Von Schönau-Riedweg vs. Rothschild Bank AG & others (2012–present)[edit] On 20 December 2012 Rothschild Bank AG brought suit against its client Corinna von Schönau-Riedweg
    in Switzerland, seeking a declaration that the bank had no liability with respect to the private equity transactions recommended by Rothschild Bank’s former employee Wilfrid von Plotho.

  • Although there were early indications that this client could be involved in money laundering activities, the institutions decided nevertheless to enter into the relationship
    and at a later stage considerably expand it.

  • The FINMA appointed an audit agent to review enhancements already put in place by Rothschild Bank.


Works Cited

[‘”Rothschild & Co”. Retrieved 30 July 2019.
o ^ “Supervisory Board – Rothschild & Co Investor Relations”.
o ^ “Alexandre de Rothschild”.
o ^ Jump up to:a b c d e f “Full year 2020 results” (PDF). Rothschild & Co. Retrieved
29 March 2021.
o ^ “Exhibitions ‹ Rothschild Timeline :: The Rothschild Archive”. Retrieved 20 May 2019.
o ^ “No. 51578”. The London Gazette (Supplement). 30 December 1988. p. 2.
o ^ Gray, Victor; Aspey, Melanie (May
2006) [2004]. “Rothschild, Nathan Mayer (1777–1836)”. Oxford Dictionary of National Biography. Oxford Dictionary of National Biography (Online ed.). Oxford University Press. doi:10.1093/ref:odnb/24162. Retrieved 21 May 2007. (Subscription or UK public
library membership required.)
o ^ “Brief history of the London house, N M Rothschild & Sons”. Rothschild Archive. Retrieved 8 January 2021.
o ^ Jump up to:a b Ferguson, Niall (1999). The House of Rothschild: The World’s Banker, 1849–1999. Viking.
p. 479. ISBN 978-0-670-88794-1.
o ^ “N M Rothschild & Sons, the UK-based investment bank founded in 1811 known as Rothschild”. Retrieved 21 May 2019.
o ^ Rothschild and Freshfields founders had links to slavery, papers reveal
Financial Times, 26 June 2009
o ^ Rothschilds gained less from slavery than from financing its abolition Financial Times, 30 June 2009
o ^ “Slavery Abolition Act of 1833” (PDF). HM Government. Retrieved 7 May 2018.
o ^ “Cultivating good habits”
(PDF). Quarterly Letter. London: Rothschild Private Wealth. p. 5. Retrieved 27 March 2020. Mayer’s five sons came to be known as the Five Arrows, a symbol of their successes in Europe’s leading economic centres of the time. Today, Rothschild & Co
and bottles of Rothschild wine wear the mark of the Five Arrows – a reminder of the shared heritage and ownership of both these businesses.
o ^ Cross, William. “Baron Alfred Charles de Rothschild”. Retrieved 11 February 2018.
o ^ Kynaston, David
(1995). The City Of London Volume 1: A World of its Own 1815–1890. Pimlico. ISBN 978-0712662000.
o ^ “BrokerCheck – Find a broker, investment or financial advisor”. Retrieved 21 May 2019.
o ^ “How Rothschild Inc. Saved Donald
Trump”. Philosophy of Metrics. 21 June 2016. Retrieved 11 February 2018.
o ^ “Rothschild & Co Names Homer Parkhill and Stephen Antinelli as Co-Heads of Restructuring in North America”. PR Newswire. 30 October 2017. Retrieved 11 February 2018.
o ^
O’Sullivan, Brian (2018). From Crisis to Crisis:The Transformation of Merchant Banking, 1914–1939. Springer International Publishing. p. 341. ISBN 978-3319966984.
o ^ “Paris Orléans Annual report 2009/2010” (PDF). Retrieved 30
July 2010.
o ^ “Rothschild to leave gold market”. BBC. 15 April 2004. Retrieved 11 February 2018.
o ^ Chen, Zhenhua; Haynes, Kingsley (2015). Chinese Railways un the Era of High Speed. Emerald Publishing. p. 179. ISBN 978-1784419844.
o ^ “History”.
Domaines Barons de Rothschild. Retrieved 20 May 2019.
o ^ RPT-French banker Guy de Rothschild dies aged 98 Reuters, Thu 14 June 2007 12:26 pm EDT
o ^ Ibrahim, Youssef M. (27 October 1996). “Restoring The House of Rothschild”. The New York Times.
ISSN 0362-4331. Retrieved 21 May 2019.
o ^ Lewis, Paul (14 June 2007). “Baron Guy de Rothschild, Leader of French Arm of Bank Dynasty, Dies at 98”. The New York Times. ISSN 0362-4331. Retrieved 21 May 2019.
o ^ Baron Guy de Rothschild, Leader
of French Arm of Bank Dynasty, Dies at 98 The New York Times, Thu 14 June 2007
o ^ “Banking activities organisation chart of Rothschild”.
o ^ “Paris Orléans Annual report 2007/2008” (PDF). Retrieved 31 July
o ^ “Rothschild family realigns London and Paris bank operations”. The Independent. 8 July 2003. Retrieved 11 February 2018.
o ^ Wilson, Harry (5 April 2012). “Rothschilds to merge British and French banking operations to secure control”.
Daily Telegraph. ISSN 0307-1235. Archived from the original on 12 January 2022. Retrieved 20 May 2019.
o ^ “Jardines – 2000 – 2009”. Retrieved 20 July 2017.
o ^ “Rothschild to appoint first non-family chief”. Financial Times. 10
February 2010. Retrieved 3 March 2020.
o ^ Armitstead, Louise (4 February 2011). “Rothschild rebrand drops investment banking after 200 years”. The Daily Telegraph. ISSN 0307-1235. Archived from the original on 12 January 2022. Retrieved 20 May
o ^ OnionEye. “Branding for Rothschild Banking – MICHAEL WINTER CREATIVE”. Retrieved 20 May 2019.
o ^ Broom, Giles (24 September 2015). “Battle of the Rothschilds in Paris as Name Grab Sparks Complaint”. Retrieved 20 May
o ^ Jump up to:a b Bray, Chad (6 June 2016). “Rothschild & Company to Acquire Compagnie Financière Martin Maurel”. The New York Times. ISSN 0362-4331. Retrieved 21 May 2019.
o ^ Valentini, Fabio (6 June 2016). “Rothschild & Co. Buying Martin
Maurel to Expand in France”. Retrieved 21 May 2019.
o ^ “Rothschild to sell trust services business”. Reuters. 24 October 2018. Retrieved 20 May 2019.
o ^ “Rothschild buys minority stake in equity research firm Redburn”. Reuters.
17 July 2019. Retrieved 12 August 2019.
o ^ “About Redburn”. Redburn. Retrieved 12 August 2019.
o ^ “Wintrust to buy Rothschild’s U.S. money management unit”. 15 November 2022.
o ^ Rosemain, Mathieu; Cerqueiro, Pablo Mayo; Cerqueiro, Pablo
Mayo (6 February 2023). “Rothschild family to take Paris-listed investment bank private”. Reuters. Retrieved 13 April 2023.
o ^ “A handful of the richest families in Europe including the owners of Chanel and Peugeot are putting up almost $4 billion
to take the Rothschild & Co. bank private”. Fortune. Retrieved 13 April 2023.
o ^ “Rothschild family plans to take investment bank private”. Financial Times. 6 February 2023. Retrieved 13 April 2023.
o ^ “Rothschild Family to Take Bank Private
in $4 Billion Deal”. 6 February 2023. Retrieved 13 April 2023.
o ^ “Global Advisory – Rothschild & Co”. Retrieved 20 May 2019.
o ^ “Thomson Reuters 2011 League Table Archived 2011-04-09 at the Wayback Machine
o ^
“Rothschild & Co: 2018 – Availability of the 2018 Annual Report”. Retrieved 21 May 2019.
o ^ “Quotes”. Forbes. Retrieved 20 May 2019.
o ^ “Merchant Banking – Rothschild & Co”. Retrieved 21 May
o ^ “Rothschild & Co – Champagne Barons De Rothschild”. Retrieved 21 May 2019.
o ^ “The Paris banking house | Guide to the Archive”. Retrieved 21 May 2019.
o ^ Grant, James. “Why Rothschild is
good for graduates”. Weavee. Retrieved 20 May 2019.
o ^ “Rothschild & Co – Careers: Career development”. Retrieved 21 May 2019.
o ^ “The Business ‹ Business premises :: The Rothschild Archive”.
Retrieved 21 May 2019.
o ^ “The Business ‹ Business premises :: The Rothschild Archive”. Retrieved 21 May 2019.
o ^ “The Business ‹ Business premises :: The Rothschild Archive”. Retrieved 21
May 2019.
o ^ “The Business ‹ Business premises :: The Rothschild Archive”. Retrieved 21 May 2019.
o ^ “New Court Rothschild Bank”. OMA. Retrieved 21 May 2019.
o ^ “Fall guy or wise guy? Swiss private banker Juerg
Heer”. Retrieved 14 August 2019.
o ^ “Pleiten: Im Nirwana”. Spiegel Online. Vol. 9. 27 February 1995. Retrieved 14 August 2019.
o ^ “Rothschilds prop up Zurich bank”. The Independent. 23 September 1992. Retrieved 14 August 2019.
o ^
NM Rothschild & Sons Ltd -v- Rothschild & Co (UK) Ltd Retrieved 20 September 2014
o ^ Jump up to:a b “Von Schönau-Riedweg v. Rothschild Bank , No. 17-P-787 | Casetext”. Retrieved 14 August 2019.
o ^ Sabrosky, C W (1970). “The case
of Papilio aglaja Linnaeus. Z.N.(S.)1791”. The Bulletin of Zoological Nomenclature. 27: 69. doi:10.5962/bhl.part.29400. ISSN 0007-5167.
o ^ Jump up to:a b “Letter from the US Department of Justice”. Retrieved 12 April 2023.
o ^ Wood, Robert W.
“Rothschild Bank Enters Deferred Prosecution Agreement, Triggering More IRS Disclosures”. Forbes. Retrieved 14 August 2019.
o ^ “Re Rothschild Bank”. US Department of Justice. Retrieved 13 March 2020.
o ^ “Swiss regulator: Rothschild Bank AG broke
anti-moneylaundering…” Reuters. 20 July 2018. Retrieved 20 May 2019.
o ^ “Swiss regulator: Rothschild Bank AG broke anti-moneylaundering…” Reuters. 20 July 2018. Retrieved 21 May 2019.
o ^ FINMA, Eidgenössische Finanzmarktaufsicht. “FINMA
concludes final 1MDB proceedings”. Eidgenössische Finanzmarktaufsicht FINMA. Retrieved 14 August 2019.
o ^, S. W. I.; Corporation, a branch of the Swiss Broadcasting. “Rothschild bank sanctioned for role in 1MDB scandal”. SWI
Retrieved 14 August 2019.
o ^ “Rothschild Bank: Vorschriften gegen Geldwäscherei missachtet”. (in German). 20 July 2018. Retrieved 14 August 2019.
o ^ Kostov, Nick (29 June 2018). “Rothschilds End Family Feud Over Use of Name in Banking”.
Wall Street Journal. ISSN 0099-9660. Retrieved 20 May 2019.
o ^ “Marjorie Taylor Greene blamed deadly forest fire on Rothschilds and space lasers”. Times of Israel. Retrieved 18 October 2022.
o ^ “Versicherungsmakler Kassel”. (in German).
Retrieved 30 January 2021.
Photo credit:’]