Rothschild & Co signs a referral agreement with Liechtensteinische Landesbank (LLB) to onboard their UAE business, evidencing Rothschild & Co’s continued commitment to the Middle East. Rothschild & Co’s Wealth Management business in Dubai has developed strongly since launch in 2024.
Rothschild & Co is delighted to announce that it has signed a deal with Liechtensteinische Landesbank (LLB) to onboard its employees and clients in the UAE through a referral agreement, significantly expanding its Wealth Management presence in the region.
The agreement with LLB will bring around 20 employees to Rothschild & Co’s Wealth Management business, with a potential of around CHF 1 billion in assets. As a strategically important location with significant growth potential, expanding its presence in Dubai through a complementary portfolio of clients in the UHNW space enables Rothschild & Co to achieve a broader market reach, operational efficiencies, and an expanded service offering across public and private markets and corporate advisory. The combined platform strengthens the firm’s holistic Wealth Management proposition, delivering enhanced value to clients and employees.
Alexandre de Rothschild, Executive Chairman of Rothschild & Co, says: “In recent years, we have experienced continuous strong growth in our global Wealth Management and Middle East businesses. The onboarding of LLB’s business in the UAE is an excellent fit and further supports our strategy across one of our key global business pillars and fastest growing regions. This represents our high conviction in the UAE’s potential, given the increasing concentration of both regional and global wealth here.”
Laurent Gagnebin, Partner and CEO of Wealth Management Switzerland, Rothschild & Co, comments: “Since opening the Wealth Management business in Dubai almost a year ago, we have already built a strong network leveraging our local Global Advisory business. The deal with LLB now gives us a real boost and will allow us to quickly consolidate and further expand our market position. I am convinced that we have a strong offering for our current and future clients in the region and can provide them with optimal support in structuring and managing their assets in the increasingly volatile world we live in. We look forward to welcoming LLB’s clients within the Rothschild & Co global network.”
Saeed Al Awar, Partner and Head of the Middle East at Rothschild & Co, says: “We have been present in the region for nearly 20 years and have been growing and investing in our business continuously through the cycles. We are extremely confident in the sustained growth potential of the UAE and the wider region. The deal with LLB further strengthens our Wealth Management proposition and deepens our offering to clients locally. It also enhances the trust and integrity of the relationships we can build with clients as the region increasingly becomes a hub for both regional and global wealth, and entrepreneurs. We look forward to welcoming LLB’s clients and employees to the wider network and team of Rothschild & Co.”
Rothschild & Co will aim to employ all current LLB employees, as well as take on LLB’s existing office in Dubai. Together, Rothschild & Co’s Wealth Management division in the Middle East, led by Sascha Benz, Head of Rothschild & Co Wealth Management, Middle East, will have around 25 employees in total.
– ENDS –
For further information:
Media Contact: UK
Emma Rees
Tel: +44 (0) 7703 715 763
emma.rees@rothschildandco.com
Media Contact: Switzerland
Kilian Borter
Tel: +41 (0)44 295 90 73
Tel: +41 (0)44 295 90 54
kilian.borter@open-up.ch
Media Contact: Dubai
Andreea Caraveteanu
Tel: +971 58 844 1791
Andreea.Caraveteanu@edelmansmithfield.com
About Rothschild & Co, Wealth and Asset Management
Rothschild & Co is family-controlled and independent and has been at the centre of the world’s financial markets for over 200 years. With a team of c.4,600 talented financial services specialists on the ground in over 40 countries, Rothschild & Co’s integrated global network of trusted professionals provide in-depth market intelligence and effective long-term solutions for our clients in Global Advisory, Wealth and Asset Management, and Five Arrows, its alternative assets arm.
Wealth Management offers its clients an objective long-term perspective on investing, structuring and safeguarding assets, to help them preserve and grow their wealth. Asset Management offers innovative investment solutions in a variety of asset classes, designed around the needs of each and every client. We serve a diverse client base from our offices in France (Paris, Marseille, Lyon, Bordeaux, Toulouse, Aix-en-Provence), United Kingdom and Channel Islands (London, Guernsey, Manchester, Birmingham, Leeds), Switzerland (Zurich, Geneva), Germany (Frankfurt, Düsseldorf, Hamburg), Belgium (Brussels), Italy (Milan), Israel (Tel Aviv), United Arab Emirates (Dubai), Spain (Madrid), Luxembourg and Monaco. Wealth and Asset Management assets total some €124 billion.
Source : Rothschildandco
Discover the stories shaping our future with Impact News on Impact Newswire — your trusted source for the latest in business, technology, and global innovation that inspires change.”
Impact Newswire shares and distributes quality information on transactions that are likely or perceived to create greater impact.
Discover more from Impact Newswire
Subscribe to get the latest posts sent to your email.
