Winters sets up with Rothschild

FORMER JP Morgan banker Bill Winters is teaming up with Lord Jacob Rothschild.

Winters is setting up the venture, to be called Renshaw Bay, with Rothschild’s London-listed RIT Capital and Reinet Investments, chaired by entrepreneur Johann Rupert.

The banker, who also sits on the government’s independent commission on banking panel, will initially own 50 per cent of the Renshaw Bay business, with the balance owned by RIT and Reinet, the Luxembourg-listed investment vehicle.