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Rothschild & Co Expands Wealth Management in UAE with LLB Deal

Prime Highlight

  • Rothschild & Co has signed a referral agreement with Liechtensteinische Landesbank (LLB) to take over its UAE business, including CHF 1 billion in client assets and 20 employees.
  • The deal strengthens Rothschild & Co’s Dubai wealth management platform, which will now have about 25 employees under the leadership of Sascha Benz.

Key Facts

  • Rothschild & Co launched its Wealth Management operations in the UAE only last year and has been active in the Middle East for nearly 20 years.
  • The integration will expand services across public and private markets, while also enhancing corporate advisory support for clients.

Background

Rothschild & Co has signed a referral agreement with Liechtensteinische Landesbank (LLB) to assume its UAE business, which is a major move in its Middle East expansion. This deal will transfer approximately 20 employees and approximate CHF 1 billion of client assets to the Wealth Management business unit at Rothschild & Co in Dubai.

This move comes just a year after the firm launched its Wealth Management operations in the UAE, showing its strong focus on the region. Rothschild & Co will also take over LLB’s Dubai office, creating a combined platform of about 25 employees under the leadership of Sascha Benz, Head of Wealth Management, Middle East.

Executive Chairman Alexandre de Rothschild added that the growth is in line with one of the major global growth pillars of the firm. He emphasized the fact that the UAE was a lucrative market since it was becoming wealthier and a global financial center.

According to Wealth Management Switzerland CEO Laurent Gagnebin, the deal will provide Rothschild & Co. with quicker ramp in the area. He further explained that the deal is based on the good foundation that is already in place in Dubai as of 2024.

“Rothschild & Co has been active in the Middle East for nearly 20 years,” said Saeed Al Awar, Partner and Head of the region. He highlighted that the deal deepens client relationships and reinforces confidence in the UAE’s long-term growth as a center for private wealth and entrepreneurship.

Through this integration, Rothschild & Co plans to strengthen its services in both public and private markets, while also expanding corporate advisory support. The firm said the enlarged platform will allow it to deliver broader solutions for clients in today’s uncertain global environment.