Rothschild & Co has opened a wealth management branch in Luxembourg, extending its Rothschild Martin Maurel operations to support European private banking expansion.
First communicated in February, the move aligns with the group’s broader strategy to strengthen its presence in Europe. The branch became operational in May 2025 and is led by Marie-José Vackier as general manager.
The group in recent years has expanded its private banking activities across Europe and the Middle East, including the opening of offices in Dubai and Saudi Arabia in 2024 and boosting its services in Germany.
The Luxembourg branch falls under Rothschild Martin Maurel, the Paris-based private bank formed following Rothschild & Co’s 2017 acquisition of French wealth manager Martin Maurel. With offices in France, Belgium and Monaco, Rothschild Martin Maurel has become the main platform for the group’s wealth management activities in Europe.
Local team integration
The office will be staffed by experienced professionals, including members of Rothschild’s existing wealth management team in Luxembourg, who will be integrated into the new structure, the firm said.
Rothschild & Co has been registered with Luxembourg’s financial regulator, the CSSF, since 2007 and has been active as an alternative investment manager since 2018. The firm has also registered several specialised investment funds in the grand duchy.
Vackier joined Rothschild Martin Maurel in 2018 to advise key private clients in Paris, after previous roles at Credit Suisse and CA Indosuez. She advised shareholders during capital events and managed portfolios for high-net-worth clients.
Rothschild & Co oversees approximately 78 billion euro in assets, more than half of which is managed by its asset management division. The acquisition of Martin Maurel added around 10 billion euro in assets at the time.
Luxembourg is home to more than forty private banks managing over 600 billion euro in assets, making it a key hub for cross-border wealth management in the eurozone. Rothschild & Co’s arrival adds to the roster of firms using the grand duchy to serve European and international clients.
Goldman Sachs and ING also adjusted their Luxembourg operations in 2024 to compete more effectively in wealth management. Goldman Sachs opened a branch of Goldman Sachs Bank Europe to support its European private banking and wealth management business, while ING restructured its retail operations to focus on private banking services.
Dynasty
Rothschild & Co is unrelated to Edmond de Rothschild, a separate financial institution based in Geneva and active in Luxembourg. Both trace their origins to the 18th-century Rothschild banking family in Frankfurt, but have operated independently for generations. Rothschild & Co is controlled by the British and French branches of the family, while Edmond de Rothschild was founded in 1953 by Baron Edmond de Rothschild and remains privately owned by his descendants. Despite the shared name, the two groups have no joint ownership or operational ties.