Rothschild's trust in link with cousin
Saturday 17 March 2012
Lord Rothschild's London investment trust has teamed up with his French cousin's private bank to form a joint asset management business.
Jacob Rothschild's RIT Capital Partners will hold 49 per cent of the joint venture and Edmond de Rothschild Group, which is headed by Baron Benjamin de Rothschild, will have 51 per cent. Edmond de Rothschild Group is injecting its existing fund management company, which handles $2.7bn (£1.7 bn), in return for £14m worth of new shares in RIT.
Baroness Ariane de Rothschild, Benjamin's wife, becomes honorary vice chairman of RIT and Lord Rothschild takes a similar role at the French holding company.
The joint venture will give RIT Capital greater access to European markets and deal flows.
Lord Rothschild said, "We are excited by the prospect of closer co-operation."
Video: It is the type of thing no parent wants to hear
- 2 This letter from a reader explains why women can’t play football
- 4 Scientists predict green energy revolution after incredible new graphene discoveries
Black Friday 2014: Opening times for Asda, John Lewis, GAME, PC World and Argos
Sean Abbott: Messages of support flood in for bowler after death of Phil Hughes
Plebgate: Andrew Mitchell’s reputation in tatters as judge rules he used the word ‘pleb’
Dr Lam Hoe Yeoh: Voyeur doctor jailed for eight years after using network of hidden cameras to film patients, colleagues and friends on the toilet
'You should come to my house and eat cheeses with me': 4-year-old sends adorable love letter to girl at school
Ukip says babies born to immigrants in the UK should be classed as migrants – which would include Nigel Farage’s own children
Obama: The only people with the right to object to immigration are Native Americans
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
Ukip mocked after mistaking Westminster Cathedral – for a mosque
Sarah Vine criticises lesbian mother Jack Monroe: 'If she was unsure about her sexuality, she should have taken greater precautions'
iJobs Money & Business
£50000 - £100000 per annum + benefits: h2 Recruit Ltd: Are you a high achievin...
£35000 - £100000 per annum + benefits: h2 Recruit Ltd: An award winning, marke...
£19000 - £24000 per annum: Recruitment Genius: Due to our clients continuing s...
£20000 - £22000 per annum: Argyll Scott International: Service Desk Analyst Re...