Brexit to prompt ‘very few changes’ at Rothschild as revenue soars – Telegraph.co.uk
“Despite a global M&A market which is starting to show signs of slowing down, we outperformed the market taking share in our core markets, increasing our operating margin and improving our position in the Advisory rankings,” Rothschild managing partners Nigel Higgins and Olivier Pécoux said.
Rothschild said it had seen some stabilising of markets in recent months, though said it remained sensitive to any uncertainty which may arise from the Brexit process.
However, it said “as a firm which has operations in all the major economies of Europe the implications for our business model are relatively modest”.
“Our multiple location model is resilient and very few changes to our legal and operating structure will be required as a consequence of Brexit.”
US markets, though, were buoyed by policies proposed by the Trump administration, namely tax cuts and regulatory changes, Rothschild said.