Rothschild & Co has revealed the expansion of its wealth management activities in Luxembourg, as part of its strategy to focus on delivering private banking services throughout Europe.
The Luxembourg office, now a branch of Rothschild’s French bank Rothschild Martin Maurel, will act as a central hub for the firm‘s Wealth Management operations.
This branch will offer multiple services, including investment advice, financial planning, and wealth management as well as banking services.
Marie-José Vackier, the current managing director at Rothschild Martin Maurel, will lead the Luxembourg branch as general manager.
Rothschild Martin Maurel group partner and head of wealth and asset management activities Alain Massiera said: “We are delighted to expand our presence in Luxembourg, a major European financial centre and a strategic market for Rothschild & Co’s growth.”
“Luxembourg holds a strategic geographical position at the heart of Europe. We are very pleased to entrust the management of this new office to Marie-José Vackier. With her knowledge of our business and extensive experience in Wealth Management, she perfectly embodies our ambitions for this new venture.”
Since joining the company in 2018, Vackier is stated to have been instrumental in developing a portfolio of key private clients and providing expert advice in conjunction with colleagues across the Rothschild & Co network.
Marie-José Vackier said: “I am honoured to take on the management of the new Luxembourg office, working closely with our team of expert colleagues with complementary skills.”
“We will now be able to offer all our local and international Wealth Management clients the full breadth of Rothschild & Co services, with the high level of excellence and expertise that we are known for.”
The Luxembourg branch will be staffed by a team of professionals, integrating existing wealth management teams that are already based in Luxembourg into this new structure.
The establishment of the Luxembourg office is part of Rothschild & Co’s broader growth strategy, which includes recent expansions in the Middle East and Germany.
Last month, Rothschild & Co Wealth Management UK bolstered its regional teams in Leeds and Manchester with three new hires.
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