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.”