Rothschild & Co to acquire Marcard, Stein & Co, strengthening growth in German wealth management

Rothschild & Co has today signed an agreement to acquire 100 per cent of the shares in Hamburg-based Marcard, Stein & Co. This transaction demonstrates Rothschild & Co’s continued commitment to its German wealth management business in a strategically important market to the Group.

As part of the acquisition of the long-established Hamburg private bank, Rothschild & Co will obtain a German banking licence. This represents a key milestone in the transformation of its business model in Germany towards a fully-fledged banking platform, which will provide the foundation for efficiently implementing the planned expansion of its service offering for clients. At the same time, Rothschild & Co aims to further enhance its profile as a key player in the German wealth management market.

“Germany is an important market for Rothschild & Co, and the acquisition of Marcard, Stein & Co, one of the leading multi-family office banks in Germany, underscores our ambition to continue growing our wealth management business in the country,” said François Pérol, Managing Partner of Rothschild & Co. “The strong cultural alignment between our two institutions, and the addition of a banking licence, will enable us to further develop our wealth management service offering and to support our clients in Germany in a more comprehensive and holistic way. We are looking forward to working closely with Marcard, Stein & Co’s teams in delivering this.”

“As part of our strategic repositioning, we have decided to sharpen our focus on our core banking activities and to reduce complexity,” said Stephan Schrameier, Member of the Management Board of M.M.Warburg & CO. “We are confident that with Rothschild & Co, we have found a partner whose global perspective and long-term approach provide an excellent new home for Marcard, Stein & Co.”

“This transaction represents a unique opportunity for our clients. By joining Rothschild & Co, they will benefit from access to a truly international network and an expanded range of capabilities, while continuing to receive the objective and independent advice that defines our approach,” said Thomas Fischer, CEO of Marcard, Stein & Co. “Our two institutions share a strong cultural alignment, rooted in long-term thinking and a commitment to advising entrepreneurial individuals and families, making this partnership a natural fit.”

The completion of the transaction remains subject to regulatory approvals.

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Media contacts

Rothschild & Co Wealth Management Switzerland
Kilian Borter
Tel: +41 (0)44 295 90 73
Tel: +41 (0)44 295 90 54
kilian.borter@open-up.ch

About Rothschild & Co, Wealth and Asset Management

Rothschild & Co is family-controlled and independent and has been at the centre of the world’s financial markets for over 200 years. With a team of c.4,800 talented financial services specialists on the ground in 50 countries, Rothschild & Co’s integrated global network of trusted professionals provide in-depth market intelligence and effective long-term solutions for our clients in Global Advisory, Wealth & Asset Management, and Five Arrows, its alternative assets arm.

Wealth Management offers its clients an objective long-term perspective on investing, structuring and safeguarding assets, to help them preserve and grow their wealth. Asset Management offers innovative investment solutions in a variety of asset classes, designed around the needs of each and every client. We serve a diverse client base from our offices in France (Paris, Marseille, Lyon, Bordeaux, Toulouse, Aix-en-Provence, Nantes, Nice), United Kingdom and Channel Islands (London, Guernsey, Manchester, Birmingham, Leeds), Switzerland (Zurich, Geneva), Germany (Frankfurt, Düsseldorf, Hamburg), Belgium (Brussels), Italy (Milan), Israel (Tel Aviv), United Arab Emirates (Dubai), Spain (Madrid), Luxembourg and Monaco. Wealth and Asset Management assets total some €143 billion.

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Rothschild & Co to acquire Marcard, Stein & Co, strengthening growth in German wealth management (PDF).