Rothschild posts €600m net inflows in Q1 2015

Rothschild’s parent company Paris Orléans has announced that its wealth and asset management branches (Rothschild group) have generated revenue of €94.4m during Q1 2015 (March 2015-June 2015).

Revenues are up 24% year-on-year (€76.4m in Q1 2014). Paris Orléans explained this growth is driven by the rise in assets under management.

“The pipeline for new assets remains strong,” the firm said.

However, if net inflows of €600m have been recorded during March and June 2015, these have been offset by market depreciation and negative exchange rate effects of €900m.

As a result, assets under management have slightly dropped by 0.6% from €52.1bn as at 31 March 2015 to €51.8bn as at 30 June 2015.

“The first quarter has seen a lot of macroeconomic activity related to the Greek bailout and also central bank intervention in Europe and Asia. However, this has not translated into the same level of market volatility seen during the previous year.

“In Switzerland, the negative interest rates introduced by the central bank, along with the removal of the Swiss franc currency peg, have impacted revenues. However, we have taken action to offset some of the effect on revenue,” Paris Orléans commented.

The group expects continuing growth in assets under management from improving client flows on a mid-term perspective for its wealth and asset management branches.

Paris Orléans is to be renamed Rothschild & Co by the end of the year.


Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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