https://www. internationalinvestment.net/regions/asia/rothschild-to-close-singapore-wm-office/

Rothschild & Company, the Paris-based international financial advisory group, is to close its Singapore wealth management office and operate its Asian business from its Hong Kong regional office.

The firm’s global advisory and trust businesses in Singapore will not be affected.

A Rothschild spokesman confirmed: “Rothschild remains committed to Asia and all their clients in the region and believes that their strong track record and distinctive wealth management offering will enable them to grow their business further.”

Clients will be able to choose to have their assets transferred to either the company’s Hong Kong or Zurich branch.

The news comes just a month after Mike Hue left his position as head of Rothschild’s Singapore Wealth Management arm for Schroders WM, also in Singapore.

https://www.ft.com/content/1c75e86c-7bb3-11e8-8e67-1e1a0846c475

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.

https://www.ft.com/content/1c75e86c-7bb3-11e8-8e67-1e1a0846c475

Rothschild & Co will stop using the www.rothschild.com domain name and move its website to www.rothschildandco.com, as well as changing employee email and addresses and signatures. “It’s simple, definitive and there is no longer any ambiguity,” said one person close to Rothschild & Co. “It’s a win-win agreement.”

With the name battle resolved, it was both logical and necessary for the two groups to unwind their complex cross-ownership structure, pouring cold water on any more family mergers for the foreseeable future. “The cross-shareholding was largely symbolic and could potentially have led to a bigger transaction between the two groups,” said a rival banker. “Clearly the two groups see zero future together and are going their separate ways.”