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Revenues Rise At France-Based Rothschild & Co

Tom Burroughes

15 November 2018

Strong mergers and acquisition activity has driven the global advisory revenue up at by 14 per cent, a year-on-year rise for the nine months to end-September, with the figure standing at €932 million ($1.05 billion).

For the third quarter, global advisory revenues rose by 11 per cent to €296 billion, the Paris-based firm - one of the separate branches of the European Rothschild banking dynasties - said yesterday.

In the wealth and asset management space, revenues for the nine-month period rose by 4 per cent to €391 million, and €128 million.

Nine months' revenue for 2018 was hit by fluctuating currency exchange rates of €29 million, the group said.

The full-year 2018 results will be issued on 12 March next year.