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Under new leadership and a broader investment offering, Rothschild & Co is further developing its business in Germany and strengthening its support for clients.

Industry veteran to bolster Rothschild & Co's North American presence in communications and digital infrastructure advisory.

This is the November 2025 Growth Equity Update from Patrick Wellington, Vice-Chairman of Equity Advisory. The market has started to contemplate a potential bubble in AI valuations even as the AI industry continues to drive forward fund raising in US growth equity. In this edition we look at the role of Nvidia, the world’s largest company, in the AI ecosystem and its growth raises, at the accelerating rate of unicorn creation and the improving exit market in 2025.

Rothschild & Co’s UK Wealth Management business has appointed Ben Gulliford to lead its team in the Midlands, based in Birmingham, and support growing demand for its services in the region.

Rothschild Martin Maurel continues its growth strategy by strengthening its presence in the Western region of France with the opening of a new office dedicated to its Wealth Management business in Nantes.

This is the latest Growth Equity Update from Patrick Wellington, Vice-Chairman of Equity Advisory. October 12 2025 marked the third anniversary of the start of the current bull market that has seen the S&P500 rise by c90%, NASDAQ by c120% and the FTSE Venture Capital Index by 170%. At $7.1bn September was the biggest value month in European growth equity raises since 2021 while the $34.9bn ytd total already surpasses full year 2024.YTD US raises are $160.8bn, 1.5x 2024. AI and software lead the way on both sides of the Atlantic.

The 2025 Finance Act abolished the non-dom regime, increasing tax exposure. Former non-doms must reassess investment strategies, consider wrappers, review offshore accounts, and explore the FIG regime for potential tax relief and planning opportunities.

James Morrell became Deputy CEO in 2024 and brings a deep knowledge of the business and clients. He previously led the Front Office for seven years, having joined Rothschild & Co as a Client Adviser in 2010. After more than a decade as CEO, Helen Watson will continue to play a key strategic role for the UK Wealth Management business, supporting the management team and maintaining key client relationships, alongside her Rothschild & Co Group responsibilities.

In this edition of Insights – The Swiss Edge, we explore how Switzerland blends tradition with adaptability to remain a trusted home for wealth.

Our wealth framework brings clarity and structure to personal finances by dividing wealth into distinct “pots,”. This approach helps individuals visualise their wealth in a more meaningful way, moving beyond abstract numbers to focus on real-life goals, such as lifestyle needs, long-term security, growth opportunities, and business interests.

Our Electrification Sphere brings clarity to the energy transition by convening industry leaders to address the challenges of powering AI and digital infrastructure sustainably. Through expert dialogue, the report explores how innovative grid solutions, renewable integration, and strategic investment can shape a resilient, decarbonised future for data-driven industries.

FADP IV closes at €2.4 billion, more than 70% larger than predecessor fund and meaningfully above €2.0 billion target. The Fund provides senior and junior debt financing to mid-market companies in Europe and North America.

This is the latest Growth Equity Update from Patrick Wellington, Vice-Chairman of Equity Advisory. In September’s update we dive into the world of venture capital investment in emerging sports leagues; look at how the German government is supporting VC investment in the Federal Republic; and review the big investors who have supercharged the $131bn invested in US and European AI LLM and foundation models since the start of 2023.

Investors are hoping for accommodative monetary policy in a stable economic environment, with “insurance” or “normalization” rate cuts. However, the Goldilocks scenario is increasingly being tested as adverse inflation dynamics clash with a weakening labour market.

Rothschild & Co is delighted to announce two new client focused senior appointments in its UK Wealth Management business.

The global economy started 2025 on a solid footing as businesses and consumers rushed to front-run US tariffs by producing and buying more goods. Although several factors have unfolded more constructively than feared, was the drop in economic activity averted, or only delayed?

In the July edition we review Growth Equity activity in H1 2025. Led by AI, the value of US VC company fundraises rose 2.6x yoy to $121bn in H1 2025. European VC raises of $20m+ saw a 23% yoy advance in value. Exit value is picking up but new fundraising by VC firms remains subdued.

Rothschild & Co Wealth Management hosted Ed Conway and Fiona Howarth to explore how six key materials - sand, salt, iron, copper, oil, and lithium - underpin sustainability, and the global transition to cleaner energy.

No parent wants to pass on wealth to their children and watch them fritter it away. Here’s how to give your family the best chance in life while ensuring your wealth is protected for generations to come.

Fall if you will, but rise you must. James Joyce. This is the latest Growth Equity Update from Patrick Wellington, Vice-Chairman of Equity Advisory. Growth Equity is seeing some signs of valuation picking up while activity levels are strong In the US ytd 178 growth equity raises of $100m+ have garnered $90bn which compares with c80 IPOs raising $11.8bn.

Since the end of World War II, the ties between political decisions, economics and financial markets have become central to the dynamics that shape our societies: this interdependence can clearly be witnessed through the multiple, complex and complementary mechanisms at work.

Rothschild & Co announced that Ralph Lerman has joined the firm’s North American Global Advisory business as a Managing Director on the Business Services team, effective immediately. Mr. Lerman will be based in New York. This expansion of the team underscores Rothschild & Co’s commitment to growing its U.S. Business Services practice and delivering best-in-class advisory services to both sponsor-backed and corporate clients.

Rothschild & Co is pleased to announce that Doug Fordyce has joined the firm’s Global Advisory business as Head of Energy, North America, effective June 2, 2025. Mr. Fordyce brings over 25 years of experience advising on a broad range of Energy sector mergers, acquisitions, and restructurings. He will be joining the firm’s successful Infrastructure, Power, Renewables & Energy group, based in Houston and reporting to Lee LeBrun, Partner and Head of Global Advisory, North America.

Rothschild & Co is pleased to announce that Matthew J. Greenberger will join the firm as Managing Director and Head of Real Estate, North America, based in New York. In this role, Mr. Greenberger will be responsible for leading Rothschild & Co’s real estate advisory activities across the region, strengthening the firm’s capabilities in an expanding sector.

Economic activity remained relatively resilient in early 2025, although this stability was supported by temporary factors. In fact, global growth projections have been revised markedly down in recent weeks, reflecting tariff rates at levels not seen in a century and a highly unpredictable environment, while inflation risks have increased.

Rothschild & Co’s Wealth Management business in Spain continues to grow steadily. José Luis Muñoz joins with immediate effect to meet increasing demand from clients.

Rothschild & Co Wealth Management Belgium is pleased to announce the appointment of Jean-Baptiste Van Ex as Senior Adviser.

Global growth remained relatively resilient in early 2025. However, front-loading of global trade flows, particularly between Asia and North America, greatly distorted the reality. In fact, stagflation and recession risks have both increased significantly.

In this edition of Insights, we explore the evolving dynamics of wealth transfer, focusing on how generational changes are reshaping the financial landscape.

Rothschild & Co Wealth Management UK has made three key Client Adviser hires to its established Regional Team in Leeds and Manchester to support growing demand for its services in the UK regions.

Our view of the long term is indelibly shaped by our 200-year history as a business. In this Quarterly Letter, we re-emphasise what 'long term' means to us, and how it shapes our approach to wealth management and investing.

Redburn Atlantic’s most recent Review explores investment in AI following the conclusion of the hype cycle, the possibility of new trade wars under the second Trump administration, the impact of social media on ecommerce, the rapid rise of Private Markets, ‘Super Tuscan’ Wines, and much more.