Rothschild to invest in Rockefeller, say reports
Rothschild’s RIT Capital Partners will purchase a 37 percent stake in the Rockefeller business for an undisclosed sum, the newspaper said in an unsourced report.
The partnership will focus on setting up investment funds, eyeing joint acquisitions of wealth and asset managers and granting each other non-executive directorships, it said.
Advertisement
Hide AdAdvertisement
Hide AdThe coming together of two of the best known business dynasties in the Europe and the United States will give the London-listed Rothschild trust a much sought-after U.S. foothold.
The transatlantic union brings together David Rockefeller, 96, and Lord Rothschild, 76 - two family patriarchs whose personal relationship spans five decades, according to the FT.