BRANCH BANKING | Staff Reporter, Philippines

Rothschild comes to the Philippines

In Asia, Rothschild provides investment banking, private banking and venture capital services. 

The Rothschilds have set their sights on the Philippines' growing legion of the wealthy.

Rothschild Singapore Ltd has received government permission to establish a representative office in the Philippines. The office will carry the name, Rothschild (Singapore) Ltd, Philippines.

The Bangko Sentral ng Pilipinas, the central bank, said the office will limit itself to promotional functions. Representative offices, however, have long been used by banks as a precursor to establishing banking operations in a country.

Rothschild Singapore first sought authorization to found a representative office in January 2011 in what is seen as a vote of confidence in the potential of wealth management in the Philippines.

Rothschild Singapore is part of the Rothschild Group, the legendary European investment banking house founded over 200 years ago.

In Asia, Rothschild provides investment banking, private banking and venture capital services. They have offices in Hong Kong, Beijing, Shanghai, Singapore, Kuala Lumpur, Jakarta, Mumbai, New Delhi, Sydney and Melbourne.

Rothschild provides strategic, M&A, wealth management and fund raising advice and services to governments, companies and individuals worldwide. Its Wealth Management & Trust division offers objective advice to wealthy individuals and families.

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