News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Rothschild scion launches new UK merchant bank

New launch stirs memories of iconic banks that were subsumed after the City’s 1986 Big Bang

Edmond de Rothschild, the European private banking group founded by Baron Rothschild in 1953, and chaired by his son Benjamin de Rothschild, has gained FSA approval to launch a UK-focused private merchant bank, targeting companies, family offices and wealthy individuals.

The move is the latest in a line of merchant banks being launched in London, and the most recent development from Geneva-based Edmond de Rothschild to build a sizeable presence in the UK, according to a source close to the situation. The new bank, called Edmond de Rothschild Private Merchant Banking, was granted FSA approval last month.

WSJ Logo