Paris Orléans
 |
|
| Public | |
| Traded as | Euronext: ROTH |
| Industry | Financial Services |
| Founded | 1838 |
| Headquarters | Paris, France |
|
Area served
|
Worldwide |
|
Key people
|
David René de Rothschild, Chairman Nigel Higgins, co-Chief Executive Officer Olivier Pécoux, co-Chief Executive Officer Alexandre de Rothschild, Director |
| Products |
Investment banking Corporate banking Private equity Asset management Private banking |
| Revenue |
 € 1.403 billion (2015) |
|
€ 268 million (2015) |
|
|
€ 144 million (2015) |
|
| Total assets |
€ 52.1 billion (2015) |
| Total equity |
€ 1.419 billion (2015) |
|
Number of employees
|
2,853 (2014) |
| Subsidiaries |
|
| Website | www.rothschildandco.com |
Rothschild & Co (formerly Paris Orléans) is a financial holding company listed on Euronext Paris and controlled by the French and English branch of the Rothschild family. Rothschild & Co is the flagship of the Rothschild banking Group and controls the Rothschild Group’s banking activities including N M Rothschild & Sons and Rothschild & Cie Banque.
The banking business of Rothschild banking Group covers the areas of investment banking, corporate banking, private equity, asset management, private banking, and so on. In addition, Rothschild & Co has its own investment account in private equity.
It was originally a French railway company, the Compagnie du chemin de fer de Paris à Orléans. In September 2015, Paris Orléans changed its name to Rothschild & Co.
In June 2016, it acquired Compagnie financière Martin Maurel, a French family-owned bank and asset manager.
The Compagnie du chemin de fer de Paris à Orléans was founded in 1838 as a railway company; after several takeovers and a merger with the Chemins de fer du Midi it had about 11,000 km (6,800 mi) of track, and was one of the major railway companies in France. In 1938, it was nationalised along with five other railway undertakings to form the national state railway company SNCF. After the nationalization of rail operations, the company became a simple property company.
After the Second World War, French branch of the Rothschild family took over the remains of Paris Orléans and transformed it into a holding company for its banking activities and corporate investments. These mainly included the "Banque Rothschild" (Bank), "SGIM" (property company), the "SIACI" (insurance), the "Francarep" (oil company) and the "SGDBR" (wineries), now Domaines Barons de Rothschild (DBR).
By 1980, the Paris business employed about 2,000 people and had an annual turnover of 26 billion francs ($5 billion in the currency rates of 1980).
But then the Paris business suffered a near death blow in 1981 when the Socialist government of François Mitterrand nationalized Banque Rothschild and renamed it Compagnie Européenne de Banque.
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Wikipedia