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Rothschild to set up Mom arm

Rothschild Private Management is setting up a manager of managers operation under Neil Jenkins, the former head of Axa Investment Managers&#39 multi-manager service.

Jenkins, who left AIM in June after two years, is joining Rothschild in September to build an operation servicing the bank&#39s 800 wealthy private clients. The service, which Rothschild hopes will be running by next February, will sit alongside its existing discretionary portfolio management service.

Rothschild head of marketing James Thompson says the move is part of the bank&#39s overall shift towards wealth management after offloading its funds of funds operation to Insight Investment in December 2001. He says existing staff will help Jenkins run the operation, with no new recruits planned.

Jenkins joined Axa as managing director of multi-manager in January 2001 after 15 years with Morgan Grenfell, latterly Deutsche Asset Management. He was unavailable for comment.

Thompson says: “This is part of our change from discretionary management to banking and investment management.”


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