The Rothschild banking dynasty is passing to the 7th generation

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April 17, 2018 2:17 PM

Alexandre de Rothschild becomes the seventh generation of the family to take charge of the more than 200-year-old bank.

Rothschild & Co, one of Europe's oldest banks, has announced the appointment of a new boss.
Alexandre de Rothschild, 37, will take over from his father as Chairman of the bank, it was announced on Tuesday.
Alexandre will become the seventh generation of the family to take charge of the more-than-200-year-old bank.

Rothschild, perhaps the most storied banking dynasty in Europe, has announced the appointment of a new boss.

Alexandre de Rothschild, 37, will be appointed as executive chairman subject to shareholder agreement.

The current chairman, David de Rothschild, will step aside allowing his son to take his place, according to a statement released on Tuesday. David de Rothschild will join

David de Rothschild said: "This change in leadership at Rothschild & Co has been carefully prepared over time. Alexandre, with 15 years of experience, has demonstrated deep knowledge of all our businesses and his ability to build relationships. I believe that those who make our firm so successful are as delighted as I am about the family continuity at the head of the firm."

Alexandre de Rothschild said: "I look forward with great enthusiasm to working with this team to continue the firm's development in the direction so clearly established by my father."

Alexandre, who is currently

Rothschild & C0. is one of the oldest banks in the world. It was founded over 200 years ago by Mayer Amschel Rothschild, after which five of his sons established banking businesses around Europe.

Rothschild & Co. is the financial holding company for all the family's banking interests, covering investment banking, corporate banking, private equity, asset management, and private banking. It had a half-year revenue of

The firm has roughly 2,800 employees in 40 countries, according to its website.

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