The move to mix in some outside blood into the decision-making at Rothschild, according to Baron David (now executive chairman of the firm), was a "natural and healthy one." It is also one that should spur, as Nigel Higgins has said, "new ideas about how you focus the business, get the best out of people, get the best out of the organization."
Rothschild is very much a firm on the rise, both in terms of market share and prestige. Last year the firm leaped in Vault's annual banking prestige rankings, rising five notches to No. 10, cracking the top 10 for the first time since Vault began ranking banking employers. Respondents to our 2009 banking survey called Rothschild "a bankruptcy master" and "top-notch restructuring firm," adding that the "elite," "old-money focused" firm was "doing very well" and "picking up market share."
With Rothschild, behind Nigel, looking to turn it up a notch here in the States (it has plans to hire two handfuls of senior bankers to beef up its North American practice) I would not be surprised if the bank rises another few notches in Vault's banking rankings this year (the survey which determines these rankings will be going out to top banks within the week).
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