The focus for the immediate future is to grow the bank’s AuM from recent hires, rather than further hiring, although this would not be ruled out in the case of “unexpected opportunities”, a spokesperson for the bank told WealthBriefing.

The firm, which is part of Rothschild Continuation Holdings, a subsidiary of Paris-Orléans and separate to the Edmund de Rothschild banking group, serves around 600 clients in the UK. It has grown its headcount from four staff in 2006 to 16, including a number of high-profile hires so far this year.

It had £2.5 billion in AuM in the UK, and around £10 billion globally, at the end of the last financial year – a relatively small amount when compared with other well-known wealth managers, such as Barclays Wealth, which reported total client assets of £151 billion at 31 December 2009. However, the fact that Rothschild has recently raided a number of high profile senior bankers from Morgan Stanley Private Wealth Management signals the seriousness of its intent to grow.

Rothschild also wants to grow through forging close links with the investment bank, and developing an increased focus on the intermediary community, the spokesperson said.