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Edmond de Rothschild's new merchant banking business begins operating, in an expansion led by the private banking group's UK head Richard Briance.
The business will aim to give advice to business owners, family offices and wealthy individuals on deals, strategy and investment possibilities. It will be run under the name 'Edmond de Rothschild Private Merchant Banking'.
Until now, the Franco-Swiss company had only owned a fixed income business, a small corporate finance unit, a fund of hedge fund business and an emerging market-focused investment trust advisory unit.