UAE - Mubasher:  Rothschild & Co signed a referral agreement with Liechtensteinische Landesbank (LLB) to expand its Wealth Management presence in the UAE, according to a press release.

The group will onboard its employees and clients in the Gulf country, bringing around 20 staff members to Rothschild & Co’s Wealth Management business, with a potential of CHF 1 billion in assets.

Rothschild & Co will achieve a wider market reach, enhance operational efficiencies, and expand service offering across public and private markets and corporate advisory.

The combined platform reinforces the firm's Wealth Management proposition, delivering enhanced value to clients and employees.

Alexandre de Rothschild, Executive Chairman of Rothschild & Co, indicated: "The onboarding of LLB's business in the UAE is an excellent fit and further supports our strategy across one of our key global business pillars and fastest growing regions. This represents our high conviction in the UAE’s potential, given the increasing concentration of both regional and global wealth here."

Laurent Gagnebin, Partner and CEO of Wealth Management Switzerland, Rothschild & Co, said: "The deal with LLB now gives us a real boost and will allow us to quickly consolidate and further expand our market position.”

“I am convinced that we have a strong offering for our current and future clients in the region and can provide them with optimal support in structuring and managing their assets in the increasingly volatile world we live in. We look forward to welcoming LLB’s clients within the Rothschild & Co global network,” Gagnebin highlighted.

Saeed Al Awar, Partner and Head of the Middle East at Rothschild & Co, noted: " The deal with LLB further strengthens our Wealth Management proposition and deepens our offering to clients locally.”

He added: “It also enhances the trust and integrity of the relationships we can build with clients as the region increasingly becomes a hub for both regional and global wealth, and entrepreneurs.”