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 Rockefeller’s wealth advisory and asset management group for an undisclosed sum, giving Lord Rothschild’s London-listed trust a 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.
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