Rothschild to sell trust business
On October 24, 2018, Rothschild & Co announced the signing of an agreement for the sale of its worldwide wealth planning and trust services business. The acquisition is being led by Richard Martin, a senior executive of Rothschild & Co, with financial backing from an experienced investor. The transaction is in line with Rothschild & Co's strategic decision to focus on its core wealth management and private banking business. Completion of the transaction is subject to customary closing conditions.
Lenz & Staehelin acts as lead counsel of Rothschild & Co. The team includes partners Tino Gaberthüel (lead, Corporate and M&A), Heini Rüdisühli (Tax), Matthias Oertle (Employment and Pension) and Cécile Berger Meyer (Real Estate) as well as counsel Alexander Greter (Regulatory, Transitional Services) and associates Iliana Djagova and Alexander Wille (both Corporate and M&A).