Rothschild: plus ça change

Rothschild is breaking with tradition. For the first time in its illustrious 200-year history, the banking empire is handing over the reins to someone from outside its founding family. Nigel Higgins, currently co-head of investment banking, will become chief executive of Rothschild Continuation Holdings, which oversees the family’s banking operations. The appointment of Higgins is symbolically significant. It marks the first time that a non-family member has been elevated to the helm. While con...