Edmond de Rothschild To Launch Merchant Bank In London

Banque Privee Edmond de Rothschild SA (SWX:RLD) is set to launch its new London-based merchant banking business this week to make London its fourth major business centre. The Rothschild group has been hiring 20 senior advisors to launch its private banking and corporate finance division in London alongside its asset management unit. London to be the fourth hub Christophe de Backer, Edmond de Rothschild’s chief executive, told the Financial Times the Geneva-based group has three main hubs in Paris, Geneva and Luxembourg, with London set to be their fourth hub. He disclosed the group’s intention to enhance the return on equity…