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Rothschild Will Soon Promote 7th-Generation Heir to Lead Bank

Alexandre de Rothschild
Alexandre de Rothschild

Photographer: Balint Porneczi/Bloomberg

Rothschild & Co. is preparing to promote the seventh generation of the centuries-old banking dynasty to run the boutique investment bank, according to a person familiar with the matter.

Alexandre de Rothschild will take on the top executive role from his 75-year-old father this year in a long-planned succession, the person said, asking not to be identified because the matter is private. The exact timing and conditions of the succession aren’t yet finalized, the person said. The Financial Times reported the plan earlier.