BANKING’S most famous dynasty, Rothschild, has established an elite new partnership for about 50 of its top banking executives as part of the continental restructure it finally completed last year.
The new partnership will include members of the group management committee and the bank’s global financial advisory partners, headed by chief executive Olivier Pecoux.
Rothschild declined to comment on the partnership.
It comes after the company finally completed the long-awaited merger of its French and British operations last year.
The move united its French arm Rothschild & Cie Banque with its global unit Rothschilds Continuation Holdings – which includes the UK’s NM Rothschild & Sons – into its listed holding company Paris Orleans.
The partnership structure, which has already been rolled out to members, will give bosses an equity stake in the business but will not confer them with voting rights. These are held by the Rothschild family, the most senior of whom is chairman Baron David de Rothschild. The firm operates across three main areas, investment banking, merchant banking and wealth management.