The Rothschild Exception

NM Rothschild & Sons stands out as the last family-owned international investment bank, now that Cazenove and Lazard are winding up their independence. With a limited balance sheet and a focus on advice, Rothschild stands out as something of an anomaly in the highly capitalized world of modern banking. Indeed, there cannot be many banks that have their walls adorned with lables from the family owners' vineyards. But exceptions can often thrive as clients look for something that…