Evelyn de Rothschild dies aged 91
The businessman grew the family bank and provided financial advice to the late Queen Elizabeth.
Sir Evelyn de Rothschild, a British banker who grew the family firm and counseled the late Queen Elizabeth II on financial concerns, died at the age of 91. Check the news Evelyn de Rothschild dies aged 91 on Switzerland based Lifestyle Magazine- Kenleaks Magazine.
“After a brief illness, Sir Evelyn died peacefully [on Monday] at his home in London,” the family stated on Tuesday.
The racehorse trainer spent 42 years of his career working for his family’s bank. From 1982 to 2003, he presided over Rothschilds Continuation Holdings, the parent company.
He became a director of the French bank de Rothschild Frères in 1968, and eight years later became head and chief executive of the London-based international investment firm NM Rothschild until 2003, when he supervised the merging of the family’s French and UK businesses.
NM Rothschild, now the UK subsidiary of Rothschild & Co, grew its total assets from £40 million to £4.6 billion during his tenure, according to a statement released on Tuesday. He increased the number of offices throughout the world from 15 to more than 50.
In 2004, Rothschild passed over the family firm to his cousin, David, and four years ago, Alexandre, David’s son, became the seventh generation to oversee the 200-year-old organization.
Sir Evelyn was well-known for prioritizing family control above growth.
After retiring, he concentrated on philanthropy and EL Rothschild, the family financial firm, with his wife, Lynn Forester de Rothschild, who survives him. The couple knew Bill and Hillary Clinton and spent a night of their honeymoon at the White House.
Rothschild, who was knighted by the Queen in 1989 for services to banking and finance, has held a variety of positions in both the private and governmental sectors.
He acted as the late monarch’s financial adviser and established the Eranda Rothschild Foundation to finance social welfare and medical research. He was the previous chair of The Economist for more than 17 years. From 1977 until 1988, he was the dean of St Mary’s Hospital Medical School in London.
Rothschild, a chocolate enthusiast, later established a short-lived premium candy company.
He was born in London in 1931 to the Bischoffsheim banking family’s Anthony de Rothschild and Yvonne Cahen d’Anvers.
Check the news Evelyn de Rothschild dies aged 91 on Switzerland based Lifestyle Magazine- Kenleaks Magazine.