Rothschild Set To Crown Dynasty Heir As Head Of Legendary Bank – zerohedge

The king is dead, at least metaphorically: long live the (new) king.

The 75-year-old scion of the banking empire, David de Rothschild, is stepping aside as chairman of Rothschild & Co. this summer to pass the reins to his son Alexandre in a long-expected changing of the guard at the Franco-British investment bank.

The younger Alexandre de Rothschild, the 7th generation of a banking dynasty that was founded 200 years ago and which many speculate is among the world’s most influential families, has long been groomed to succeed his father in becoming the bank’s new head.

via Rothschild Set To Crown Dynasty Heir As Head Of Legendary Bank | Zero Hedge