Rothschild & Co Inks UAE Agreement With Liechtenstein Bank
The Middle East business of Rothschild & Co is set to expand with a newly signed agreement with Liechtensteinische Landesbank.
Rothschild & Co has signed a referral agreement with Liechtensteinische Landesbank (LLB) to onboard their UAE business, according to a statement. Under the deal, Rothschild will onboard around 20 employees from LLB, its clients and potentially 1 billon Swiss francs ($1.3 billion) in assets. It will also take over the Liechtenstein-based lender’s existing office in Dubai.
«In recent years, we have experienced continuous strong growth in our global Wealth Management and Middle East businesses. The onboarding of LLB's business in the UAE is an excellent fit and further supports our strategy across one of our key global business pillars and fastest growing regions,» commented Alexandre de Rothschild, executive chairman of Rothschild & Co.
Rothschild has been present in the Middle East for nearly 20 years and it launched its wealth management unit in Dubai in 2024. Following the latest agreement, the business, which is led by Sascha Benz, head of Rothschild & Co Wealth Management, Middle East, will house a total of around 25 employees.
