Thursday, May 31, 2012

Rothschild buys into Rockefeller wealth business





According to the Chicago Trib two of the most storied names in global finance are linking up, with Europe's Rothschild banking dynasty agreeing to buy a stake in the Rockefeller group's wealth and asset management business to gain a long-sought foothold in the United States.  Rothschild's London-listed RIT Capital Partners said on Wednesday it was buying a 37 percent stake in Rockefeller from French group Societe Generale's private banking arm, for an undisclosed sum.

The transatlantic union brings together David Rockefeller, 96, and Jacob Rothschild, 76 - two family patriarchs whose personal relationship spans five decades….

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