RIT Capital Partners, a UK-listed investment company chaired by Lord Jacob Rothschild (pictured), and Rockefeller Financial Services, the $34bn family office founded in 1882 by the eponymous oil tycoon, have announced a strategic partnership.
RIT will acquire the 37% equity interest previously held by France-based bank Société Générale Private Banking and will become a significant minority investor in Rockefeller Financial Services. News provider Financial Times said RIT paid less than $100m for the stake.
In March, RIT announced a partnership with France-based Edmond de Rothschild Group (EdR) through which EdR became shareholders in RIT alongside Lord Rothschild’s family interests.
