Rothschild & Co. Acquires UAE Subsidiary of Liechtensteinische Landesbank, Boosting Middle East Wealth Management Efforts

Rothschild & Co. has acquired the UAE subsidiary of Liechtensteinische Landesbank, adding $1.2 bln in assets to its Dubai-based wealth management franchise. The deal bolsters Rothschild's presence in the UAE, a key market for wealth management, and marks the bank's commitment to the region despite geopolitical instability. Other global firms have also expanded in the region to capitalize on the growing market for the ultra-rich.