Rothschild & Co: 2022 – 1st quarter release

Solid revenue performance despite less favourable market conditions

Business highlights

  • Global Advisory: quarterly revenue up 5% to €413 million (Q1 2021: €395m), reflecting continued strong levels of activity across our whole business
  • Wealth and Asset Management: strong quarterly revenue up 27% to €170 million, (Q1 2021: €134 million). Assets under Management (AuM) down 1% to €102.8 billion (31 December 2021: €103.9 billion) due to the combination of positive Net New Assets (NNA) of €1.1 billion offset by negative market performance (€2.2 billion)
  • Merchant Banking: quarterly revenue was €95 million (Q1 2021: €103 million) as a result of solid investment performance revenue combined with steadily increasing recurring revenue in line with the AuM growth (€20.4 billion at the end of Q1 2022, up 11%). Despite the positive topline result, revenue was down 8% compared to Q1 2021, a period characterised by an exceptional level of investment performance revenue as a result of exits and conservative valuations across our portfolios at the end of 2020 due to Covid-19

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1st quarter release (PDF 254 KB)

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