Rose set to help Rothschild foster emerging market ties

SIR John Rose, the former chief executive of Rolls-Royce, has been appointed as deputy chairman of banking group Rothschild as it seeks to grow in emerging markets.

The veteran industrialist will work two-and-a-half days a week for Rothschilds Continuation Holdings, which pulls together the group’s various interests, from 1 October.

The group said he would work closely with David de Rothschild, the executive chairman and great-great-great grandson of legendary founder Mayer Amschel Rothschild.

Sir John ran Rolls-Royce for 15 years until March. He is expected to use the newly created role at Rothschild to help it to grow in emerging markets.

He said: “After spending most of my career in the quoted sector I am looking forward to working in a private company, which – like Rolls-Royce – takes a long-term view.”