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A European banking dynasty just made 4 big US hires

Published by Business Insider on Wed, 24 May 2017


Rothschild & Co, one of the oldest banks in Europe, justkeeps on making hires in the US.The firmannounced the hiring of four managing directors to its US consumer and healthcare teams.Reza Vahabzadeh, Siddharth Hariharan, Aashis Mehta, and Timothy Hotchandaniall comefrom establishedinvestment firms including JPMorgan, Perella Weinberg Partners, Lazard, andDeutsche Bank."As we continue to expand the firm's presence in North America, their backgrounds and experience will provide our clients with significant additional expertise in the Consumer and Healthcare sectors," saidJimmy Neissa, Head of Rothschild & Co North America, in a statement.These new hires continuea North America expansion strategyfor Rothschild & Co, whichearlier this month announced the opening of a San Francisco office to win business advising technology companies on deals.That announcement corresponded with the hiring ofChris Gaertner as theglobal head of technology, along with Walid Khiari as a managing director on its technology team.Gaertner will lead the launch of the firm's newSan Francisco Bay Areaoffice.The new office in Silicon Valley follows the opening of a new Chicago office led by former Goldman Sachs managing director Eric Hirschfield. The firm hired Neissa from UBS to be head of Rothschild & Co. North America in August.The firm has a rich history. Mayer Amschel Rothschild created a family partnership over 200 years ago, and in the early 19th century, five of his sons established banking businesses in London, Paris, Frankfurt, Naples, and Vienna.It is now one of the preeminent M&A advisory firms, ranking fifth in M&A revenue in Europe in 2016 with $384 million, according to Dealogic. That put it ahead of Citigroup, Credit Suisse, Barclays, and Deutsche Bank.SEE ALSO:The unlikely advisers on Intel's $15 billion deal for Mobileye could make up to $60 millionJoin the conversation about this storyNOW WATCH: SCOTT GALLOWAY: Stop blaming Amazon for killing retail
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