Rothschild & Co: 2019 – 1st quarter release
Solid first quarter of 2019 driven by a strong activity in advisory
- Global Advisory: revenue up 12% to €292 million (Q1 2018: €262 million) due to strong performance in our European M&A business. 5th globally by revenue for the twelve months to March 2019
- Wealth & Asset Management: Strong net new assets and equity markets recovery resulted in a robust growth in Assets under Management, up 7% from December 2018. Revenue was down 1% to €118 million (Q1 2018: €120 million) reflecting negative interest on higher Euro central banks deposits
- Merchant Banking: revenue down 4% to €24 million (Q1 2018: €25 million) but up 28% when compared to the average first quarter revenue for the previous three years
- First quarter revenue was impacted:
- Negatively by the sale of the Trust business on 28 February 2019 (Q1 2019: €5 million versus Q1 2018: €10 million)
- Positively by the currency translation effects of €8 million
– ENDS –
Download the full 1st quarter release (PDF 266 KB)