Rothschild Names Heir as Chairman, Elevating Next Generation
- Alexandre de Rothschild will be seventh-generation leader
- Bank has focused on U.S. expansion, French wealth management
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Rothschild & Co. picked Alexandre de Rothschild to replace his father as the investment bank’s top executive, a long-planned succession that puts the seventh generation of the family in charge.
The younger Rothschild takes over from his 75-year-old father, David de Rothschild, who will become chairman of the supervisory board at the shareholders’ meeting on May 17, the company said in a statement on Tuesday. Alexandre will be appointed executive chairman of Rothschild & Co. Gestion, Rothschild & Co.’s managing partner.