Paris-headquartered financial group Rothschild & Co has announced that David de Rothschild will join the company’s supervisory board at the annual general shareholders’ meeting on 17 May 2018, subject to shareholders’ approval.
The firm said that in line with the succession plan, Alexandre de Rothschild will be appointed as executive chairman of Rothschild & Co Gestion and Rothschild & Co’s managing partner.
David de Rothschild will replace Eric de Rothschild as chairman of the supervisory board, subject to the approval of the board members, which will also be asked their agreement for the appointments of Eric de Rothschild and Adam Keswick as vice chairmen of the supervisory board.
Moreover, the board of Directors of the family holding company Rothschild Concordia, Rothschild & Co’s major shareholder, will appoint Eric de Rothschild as chairman of Rothschild Concordia succeeding David de Rothschild, who will remain a member of the Board of Rothschild Concordia.
David de Rothschild said, “This change in leadership at Rothschild & Co has been carefully prepared over time. Alexandre, with 15 years of experience, has demonstrated deep knowledge of all our businesses and his ability to build relationships. I believe that those who make our firm so successful are as delighted as I am about the family continuity at the head of the firm.”
Alexandre de Rothschild commented, “Rothschild & Co has grown into a global firm with three recognised and established businesses. I am delighted and honoured to lead the talented team which makes up this group. I look forward with great enthusiasm to working with this team to continue the firm’s development in the direction so clearly established by my father.”
Rothschild & Co is active in the following segments: global advisory, private wealth and asset management, and merchant banking.