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.