>Black Hat assets
Rothschild clans battling over bank clients – Bloomberg
“They are now targeting similar clients,” said Christoph Kunzle, a lecturer on wealth management at Zurich University of Applied Sciences. “It’s very competitive and their centuries-old name is a big asset that they are both trying to leverage.”
The Paris-based Rothschild & Co. run by Alexandre de Rothschild, the 43-year-old seventh-generation scion is the smaller of the two banks. The bank had over €102 billion ($110 billion) in assets under management in mid-2023. However, it has been growing rapidly by opening more offices in the same segment, rivaling its Swiss peer.
An aggressive expansion comes as the Swiss-based Edmond de Rothschild led by Baroness Ariane de Rothschild grapples with a stagnating business, the article stated. At the end of 2022, assets under management in the bank were down to 158 billion Swiss francs ($179 billion) from 178 billion the previous year.
https://www.rt.com/business/592880-rothschild-family-banks-switzerland-france/