Rothschild agrees merger with Martin Maurel

Rothschild has agreed to merge with Compagnie Financiere Martin Maurel to create a private bank with $39bn in assets under management.

Bloomberg News reports that the new entity will operate as Rothschild Martin Maurel in France, the companies said in a joint statement on Monday. 

Martin Maurel, based in Marseille, has received irrevocable backing from a majority of its investors and the merger should be completed this year, creating a private bank with 34 billion euros ($39 billion) in assets under management in France.

“This gives a better footprint across France,” said Emmanuel Dooseman, a Paris-based partner at international business-advisory firm Mazars. “It also provides more resilience in the current low-rate environment. The deeper the client base, the more room you have to sell sophisticated products and get commissions.”

To access the complete Bloomberg News article hit the link below:

Rothschild & Co. Merges With Martin Maurel to Expand in France

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