Wealth Management

Rothschild snaps up LLB’s Middle East subsidiary to woo wealth clients

Referral agreement with Liechtensteinische Landesbank could boost Rothschild’s wealth business in the region by 1bn Swiss francs

Dubai has become one of wealth managers’ most sought-after destinations
Dubai has become one of wealth managers’ most sought-after destinations Photo: Getty Images

Rothschild & Co has bolstered its Middle East presence by snapping up Liechtensteinische Landesbank’s United Arab Emirates subsidiary.

The Paris-based bank has signed a referral agreement to onboard around 20 employees and their clients from LLB, which is listed on Swiss exchange operator SIX.

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