Rothschild & Co targets private assets market with new unit (updated)

Rothschild & Co SCA

22/05/2023 10:59

(Adds context, further details throughout)
       LONDON, May 22 (Reuters) - Rothschild & Co  ROTH.PA 
said on Monday it had created a new private markets group within
its wealth and asset management division, amid a broader push by
finance firms to offer more private assets to wealthy
individuals.
    The Paris-listed investment bank, which is being taken
private by its owners, said the new team would be led by Jessica
Sellam.
    Sellam previously led the bank's private markets and
business development teams for France, Belgium and Monaco, the
company said.
    The new team will look for investment opportunities in
private equity, private debt, infrastructure and real estate,
the company added.
    Sweden-based private equity house EQT  EQTAB.ST  also said
this month it had launched a new strategy for private wealth
clients to broaden its investor base.
    Rothschild & Co's Sellam will report to the company's
managing partner François Perol, the statement added.

 (Reporting by Iain Withers, Editing by Lawrence White)
 ((Iain.Withers@thomsonreuters.com;))