Wednesday, May 30, 2012

Rockefellers & Rothschilds Merge

This is an interesting move! One asks 'why now?' Consolidation? Backs against the wall? I think we'll know by the end of this year:
Two of the best-known business dynasties in Europe and the US will come together after Lord Jacob Rothschild’s listed investment trust and Rockefeller Financial Services agreed to form a strategic partnership. RIT Capital Partners is to buy a 37 per cent stake in the Rockefeller’s wealth advisory and asset management group for an undisclosed sum, giving Lord Rothschild’s London-listed trust a much sought-after foothold in the US. The transatlantic union brings together David Rockefeller, 96, and Lord Rothschild, 76 two family patriarchs whose personal relationship spans five decades.

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