Bringing you live news and features since 2006 

RIT Capital Partners and Rockefeller & Co form strategic partnership

RELATED TOPICS​

RIT Capital Partners plc (RIT), chaired by Lord (Jacob) Rothschild, and Rockefeller Financial Services, Inc. the parent company of Rockefeller & Co, have created a strategic partnership.

 
David Rockefeller, Honorary Director and retired Chairman of Rockefeller & Co, says: “Lord Rothschild and I have known each other for five decades. The connection between our two families remains very strong.  I am delighted to welcome Jacob and RIT as shareholders and partners in the ongoing development of our investment management and wealth advisory businesses.”
 
In acquiring the 37% equity interest previously held by Société Générale Private Banking, RIT will become a significant minority investor in Rockefeller Financial Services, Inc. alongside the Rockefeller family, related entities and the management team. The firms intend to collaborate on investment solutions and other areas of shared expertise to further serve the needs of their clients and investors.
 
RIT is a London listed investment trust with net assets of some GBP1.9 billion. In March 2012, RIT announced a partnership with Edmond de Rothschild Group (EdR) through which EdR become shareholders in RIT alongside Lord Rothschild’s family interests. Baroness Ariane de Rothschild became Honorary Vice Chairman of RIT, with Lord Rothschild becoming Honorary Vice Chairman of Edmond de Rothschild SA, the French holding company of Edmond de Rothschild Group.
 
Rockefeller & Co dates back to 1882, when John D Rockefeller established one of the world’s first family offices to manage his financial legacy. Today Rockefeller & Co. provides asset management and comprehensive wealth advisory services to a diversified client base of families, trusts, foundations and endowments and other institutions, representing USD34 billion in assets under administration.
 
Reuben Jeffery III (pictured), Chief Executive of Rockefeller & Co, says: “This partnership is based on the unique strengths and attributes of our respective businesses, creating new opportunities for our clients, investors and other stakeholders.  We look forward to working closely with RIT and Lord Rothschild as we continue to provide value added financial products and services to our diversified client base.”
 
Lord Rothschild, Chairman of RIT, says: “We are delighted at the prospect of bringing together these two entities in a long-term partnership.  Like so many across the world, I have watched the development of Rockefeller & Co. with great admiration.  The creation of this partnership with the Rockefeller family is truly historic.  We look forward to the development of our joint investment activities across the global capital markets.”
 
The transaction is subject to regulatory approval and expected to close by the end of September.  Financial terms were not disclosed.

 

Latest News

Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..
First Trust has announced the launch of the First Trust Vest U.S. Equity Moderate Buffer UCITS ETF – February GFEB..
Trading activity on the Tradeweb Markets institutional European- and US-listed ETF platforms reveals that the Tradeweb European ETF marketplace reached..

Related Articles

Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Thomas Bonville, Clear Street
Just over a year ago, Thomas Bonville joined New York-based, prime brokerage Clear Street as managing director, head of derivative...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by