Rothschild & Co Hit by Volatile Markets
Swiss-based Rothschild & Co Bank is in transition – and the shift is weighing on earnings. In the first half of 2025, the bank posted a sharp drop in profit amid restructuring and turbulent markets.
Consolidated profit fell nearly 20 percent to 13.97 million francs, down from 17.2 million francs a year earlier, Rothschild & Co Bank reported on Thursday. Total income slipped 4 percent to 114.35 million francs, while costs held steady at 90.56 million.
Weak Inflows
Net new money came to 535 million francs in the first six months of 2025, compared with 791 million francs a year ago. The Swiss business performed strongly, and international offices also contributed positively, CEO Laurent Gagnebin told finews.asia. However, new ventures such as those in Dubai, Israel, and Spain are still in their initial stages of development.
Currency Headwinds
Volatile markets and a strong franc against the dollar, pound, and euro shaved about 1.3 billion francs off assets under management, which fell from 35.1 billion at the start of the year to 33.7 billion by the end of June 2025.
Strategic Shift in Luxembourg
The asset base also shrank after the transfer of the Luxembourg unit to sister bank RMM in Paris, part of a broader realignment in France and the Benelux region. The move reduced assets under management by another 0.6 billion francs.
