Two of the best-known business dynasties in Europe and the US will come together after Lord Jacob Rothschild’s listed investment trust and Rockefeller Financial Services agreed to form a strategic partnership.
RIT Capital Partners is
to buy a 37 per cent stake in the Rockefeller’s wealth advisory and
asset management group for an undisclosed sum, giving Lord Rothschild’s
London-listed trust a much sought-after foothold in the US.
The transatlantic union brings together David Rockefeller, 96, and
Lord Rothschild, 76 – two family patriarchs whose personal relationship
spans five decades.-[Full Article]