$144 Billion Rothschild & Co Appoints 15-Year Veteran & Deputy CEO James Morrel as CEO of UK Wealth Management Succeeding Helen Watson Who is Appointed as Chair (Succeeds Gary Powell), 20 Years of Financial Industry Experience at Morgan Stanley and Rothschild & Co (Joined 2010), Appointed as Rothschild & Co Deputy CEO in 2024
10th October | Hong Kong
Rothschild & Co ($144 billion AUM) has appointed 15-year veteran & Deputy CEO James Morrel as CEO of UK Wealth Management succeeding Helen Watson, who is appointed as Chair (Succeeds Gary Powell). James Morrel has 20 years of financial industry experience at Morgan Stanley and Rothschild & Co (Joined 2010), and was appointed as Rothschild & Co Deputy CEO in 2024. Announcement (7/10/25): “Rothschild & Co has appointed James Morrell as CEO of its UK Wealth Management business. He succeeds Helen Watson, who moves into the role of Chair. Both roles will be effective 1 January 2026, subject to regulatory approval. Gary Powell will step down as Chair to focus on his other responsibilities across Wealth and Asset Management and the Group and remain on the UK Wealth Management Board as a non-executive director. James became Deputy CEO in 2024, reflecting his growing leadership role and previously led the Front Office for seven years, having joined Rothschild & Co as a Client Adviser in 2010. James will assume responsibility for Rothschild & Co’s Wealth Management operations across the UK, including Birmingham, Leeds, London, Manchester, and Guernsey. Helen Watson has been CEO of the UK Wealth Management business since 2015, after joining Rothschild & Co in 2010. As Chair, Helen will continue to play a key strategic role for the UK business, supporting the management team and maintaining key client relationships. Helen will continue her Group responsibilities, sitting on the Rothschild & Co Supervisory Board, Group Partners Committee and remaining co-Chair of Rothschild & Co’s Diversity, Inclusion & Balance Steering Committee. James and Helen have worked together for more than two decades both at Rothschild & Co and, before that, at Morgan Stanley. In the decade since Helen’s appointment as CEO, Rothschild & Co’s UK Wealth Management business has gone from strength to strength, with revenue and profits growing steadily. Rothschild & Co has invested significantly in its UK Wealth Management business which has resulted in AUM doubling in the last six years. It recently appointed Chris Oliver and Peter Hindle to jointly head up its front office as Head of Client Strategy and Execution and Head of Client Teams respectively.” In 2025 September, Rothschild & Co hired ex-Merrill Lynch & Bank of the Philippine Islands (BPI) 12-year veteran Tomas Chuidian as Senior Global Advisor & Philippine Country Head. Tomas Chuidian has 25 years of financial industry, investment & private banking experience at Merrill Lynch, ABN AMRO Bank, DBS Bank, Philippine National Bank including 12 years at Bank of the Philippine Islands (BPI) holding senior roles including as Chairman of BPI International Finance (HK), Head of Private Banking, President & CEO of BPI Investment Management and Board Director of BPI Investment Management & PAMI Funds. In 2025 September, Rothschild & Co announced to acquire Liechtensteinische Landesbank (LLB) UAE business with $1.2 billion AUM and to onboard clients & around 20 employees via referral agreement. In 2024, Rothschild & Co launched the wealth management business in UAE Dubai.
“ $144 Billion Rothschild & Co Appoints 15-Year Veteran & Deputy CEO James Morrel as CEO of UK Wealth Management Succeeding Helen Watson Who is Appointed as Chair (Succeeds Gary Powell), 20 Years of Financial Industry Experience at Morgan Stanley and Rothschild & Co (Joined 2010), Appointed as Rothschild & Co Deputy CEO in 2024 “
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Alexandre de Rothschild, Chairman of Rothschild & Co: “I am delighted that Helen and James have accepted these new senior roles leading our UK Wealth Management business. The transition has been carefully considered and creates a continuity and stability in leadership that our clients expect and value highly. Wealth Management is a core part of our business, guided by a long-term, client-first approach and a commitment to preserving and growing wealth across generations.”
François Pérol, Managing Partner, Rothschild & Co: “Helen has had an impactful tenure as CEO – not only in terms of business performance, but also through her inclusive, long-term and thoughtful approach which continues to permeate throughout the business. James brings deep knowledge of the business and our clients, which makes him exceptionally well placed to take on this role. I’m confident he’ll build on these strong foundations to guide the business forward. We are delighted that Gary, who has chaired the business since 2013, will continue to support the UK business as a non-executive director.”
Helen Watson, Chair, Rothschild & Co UK Wealth Management: “I am very proud of the development of our business as more clients have entrusted us with greater proportions of their wealth. During his years as Head of our Front Office, James has been integral to this success and responsible for building our industry-leading reputation for exceptional client service. I have worked with James for more than two decades and have no doubt that the business will go from strength to strength under his leadership.”
James Morrell, CEO, Rothschild & Co UK Wealth Management: “I am honoured to have the opportunity to lead the business that Helen, the broader team and I have built in recent years. I am excited to evolve the business in line with our current strategy as we continue to invest in and further enhance our offering focused on industry-leading client service, strong investment performance, a best-in-class platform and inclusive culture.”
Rothschild & Co – Rothschild & Co is family-controlled and independent and has been at the centre of the world’s financial markets for over 200 years. With a team of c.4,600 talented financial services specialists on the ground in over 40 countries, Rothschild & Co’s integrated global network of trusted professionals provide in-depth market intelligence and effective long-term solutions for our clients in Global Advisory, Wealth & Asset Management, and Five Arrows, its alternative assets arm. Wealth Management offers its clients an objective long-term perspective on investing, structuring and safeguarding assets, to help them preserve and grow their wealth. Asset Management offers innovative investment solutions in a variety of asset classes, designed around the needs of each and every client. We serve a diverse client base from our offices in France (Paris, Marseille, Lyon, Bordeaux, Toulouse, Aix-en- Provence), United Kingdom and Channel Islands (London, Guernsey, Manchester, Birmingham, Leeds), Switzerland (Zurich, Geneva), Germany (Frankfurt, Düsseldorf, Hamburg), Belgium (Brussels), Italy (Milan), Israel (Tel Aviv), United Arab Emirates (Dubai), Spain (Madrid), Luxembourg and Monaco. Wealth and Asset Management assets total €124 billion.
$144 Billion Rothschild & Co Hires ex-Merrill Lynch & Bank of the Philippine Islands (BPI) 12-Year Veteran Tomas Chuidian as Senior Global Advisor & Philippine Country Head, 25 Years of Financial Industry, Investment & Private Banking Experience at Merrill Lynch, ABN AMRO Bank, DBS Bank, Philippine National Bank Including 12 Years at Bank of the Philippine Islands (BPI) Holding Senior Roles Including as Chairman of BPI International Finance (HK), Head of Private Banking, President & CEO of BPI Investment Management and Board Director of BPI Investment Management & PAMI Funds
4th September – Rothschild & Co ($144 billion AUM) has hired ex-Merrill Lynch & Bank of the Philippine Islands (BPI) 12-year veteran Tomas Chuidian as Senior Global Advisor & Philippine Country Head. Tomas Chuidian has 25 years of financial industry, investment & private banking experience at Merrill Lynch, ABN AMRO Bank, DBS Bank, Philippine National Bank including 12 years at Bank of the Philippine Islands (BPI) holding senior roles including as Chairman of BPI International Finance (HK), Head of Private Banking, President & CEO of BPI Investment Management and Board Director of BPI Investment Management & PAMI Funds. In 2025 September, Rothschild & Co announced to acquire Liechtensteinische Landesbank (LLB) UAE business with $1.2 billion AUM and to onboard clients & around 20 employees via referral agreement. In 2024, Rothschild & Co launched the wealth management business in UAE Dubai. Rothschild & Co, Wealth and Asset Management – Rothschild & Co is family-controlled and independent and has been at the centre of the world’s financial markets for over 200 years. With a team of c.4,600 talented financial services specialists on the ground in over 40 countries, Rothschild & Co’s integrated global network of trusted professionals provide in-depth market intelligence and effective long-term solutions for our clients in Global Advisory, Wealth and Asset Management, and Five Arrows, its alternative assets arm. Wealth Management offers its clients an objective long-term perspective on investing, structuring and safeguarding assets, to help them preserve and grow their wealth. Asset Management offers innovative investment solutions in a variety of asset classes, designed around the needs of each and every client. We serve a diverse client base from our offices in France (Paris, Marseille, Lyon, Bordeaux, Toulouse, Aix-en-Provence), United Kingdom and Channel Islands (London, Guernsey, Manchester, Birmingham, Leeds), Switzerland (Zurich, Geneva), Germany (Frankfurt, Düsseldorf, Hamburg), Belgium (Brussels), Italy (Milan), Israel (Tel Aviv), United Arab Emirates (Dubai), Spain (Madrid), Luxembourg and Monaco. Wealth and Asset Management assets total some €124 billion.
$144 Billion Rothschild & Co Acquires Liechtensteinische Landesbank (LLB) UAE Business with $1.2 Billion AUM and to Onboard Clients & 20 Employees via Referral Agreement, Rothschild & Co Launched Wealth Management Business in UAE Dubai in 2024
3rd September – Rothschild & Co ($144 billion AUM) has announced to acquire Liechtensteinische Landesbank (LLB) UAE business with $1.2 billion AUM and to onboard clients & around 20 employees via referral agreement. In 2024, Rothschild & Co launched the wealth management business in UAE Dubai. Announcement (2/9/25): “Rothschild & Co signs a referral agreement with Liechtensteinische Landesbank (LLB) to onboard their UAE business, evidencing Rothschild & Co’s continued commitment to the Middle East. Rothschild & Co’s Wealth Management business in Dubai has developed strongly since launch in 2024. Rothschild & Co is delighted to announce that it has signed a deal with Liechtensteinische Landesbank (LLB) to onboard its employees and clients in the UAE through a referral agreement, significantly expanding its Wealth Management presence in the region. The agreement with LLB will bring around 20 employees to Rothschild & Co’s Wealth Management business, with a potential of around CHF 1 billion in assets. As a strategically important location with significant growth potential, expanding its presence in Dubai through a complementary portfolio of clients in the UHNW space enables Rothschild & Co to achieve a broader market reach, operational efficiencies, and an expanded service offering across public and private markets and corporate advisory. The combined platform strengthens the firm’s holistic Wealth Management proposition, delivering enhanced value to clients and employees … … Rothschild & Co will aim to employ all current LLB employees, as well as take on LLB’s existing office in Dubai. Together, Rothschild & Co’s Wealth Management division in the Middle East, led by Sascha Benz, Head of Rothschild & Co Wealth Management, Middle East, will have around 25 employees in total.”
Alexandre de Rothschild, Executive Chairman of Rothschild & Co: “In recent years, we have experienced continuous strong growth in our global Wealth Management and Middle East businesses. The onboarding of LLB’s business in the UAE is an excellent fit and further supports our strategy across one of our key global business pillars and fastest growing regions. This represents our high conviction in the UAE’s potential, given the increasing concentration of both regional and global wealth here.”
Laurent Gagnebin, Partner and CEO of Wealth Management Switzerland, Rothschild & Co: “Since opening the Wealth Management business in Dubai almost a year ago, we have already built a strong network leveraging our local Global Advisory business. The deal with LLB now gives us a real boost and will allow us to quickly consolidate and further expand our market position. I am convinced that we have a strong offering for our current and future clients in the region and can provide them with optimal support in structuring and managing their assets in the increasingly volatile world we live in. We look forward to welcoming LLB’s clients within the Rothschild & Co global network.”
Saeed Al Awar, Partner and Head of the Middle East at Rothschild & Co: “We have been present in the region for nearly 20 years and have been growing and investing in our business continuously through the cycles. We are extremely confident in the sustained growth potential of the UAE and the wider region. The deal with LLB further strengthens our Wealth Management proposition and deepens our offering to clients locally. It also enhances the trust and integrity of the relationships we can build with clients as the region increasingly becomes a hub for both regional and global wealth, and entrepreneurs. We look forward to welcoming LLB’s clients and employees to the wider network and team of Rothschild & Co.”
Rothschild & Co, Wealth and Asset Management – Rothschild & Co is family-controlled and independent and has been at the centre of the world’s financial markets for over 200 years. With a team of c.4,600 talented financial services specialists on the ground in over 40 countries, Rothschild & Co’s integrated global network of trusted professionals provide in-depth market intelligence and effective long-term solutions for our clients in Global Advisory, Wealth and Asset Management, and Five Arrows, its alternative assets arm. Wealth Management offers its clients an objective long-term perspective on investing, structuring and safeguarding assets, to help them preserve and grow their wealth. Asset Management offers innovative investment solutions in a variety of asset classes, designed around the needs of each and every client. We serve a diverse client base from our offices in France (Paris, Marseille, Lyon, Bordeaux, Toulouse, Aix-en-Provence), United Kingdom and Channel Islands (London, Guernsey, Manchester, Birmingham, Leeds), Switzerland (Zurich, Geneva), Germany (Frankfurt, Düsseldorf, Hamburg), Belgium (Brussels), Italy (Milan), Israel (Tel Aviv), United Arab Emirates (Dubai), Spain (Madrid), Luxembourg and Monaco. Wealth and Asset Management assets total some €124 billion.
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