Rothschild & Co: 2021 – 1st quarter release
Record quarterly revenues driven by strong market conditions across all three businesses
Business highlights
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Global Advisory: record quarterly revenue, up 47% to €394.9 million (Q1 2020: €269.1 million) reflecting continued strong momentum and activity levels across our whole business
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Wealth and Asset Management: Assets under Management (AuM) up 7% to €83.6 billion (31 December 2020: €78.1 billion) thanks to record Net New Assets (NNA) in Wealth Management (€2.4 billion) and positive market performance. Revenues up 3% to €134.3 million (Q1 2020: €130.8 million) driven by an increase in management fees in connection with the strong growth in AuM
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Merchant Banking: record quarterly revenue, up 400% to €103.4 million, (Q1 2020: €20.7 million) as a result of significant realised and unrealised investment gains, combined with further significant growth in recurring revenues
Download full 1st quarter release (PDF 302 KB)
