Rothschild & Co2019年年度报告.pdf

1、Rothschild&Co Annual Report 2019Our unique heritage and outstanding record of achievement are driven by a strong values-driven culture,captured in our Guiding Principles:Thoughtful,Principled and CreativeRothschild&Co|Annual Report 2019 1ContentsMessage from the Chairman of the Supervisory Board 2 M

2、essage from the Managing Partners 4 1.OverviewOverview of businesses 8 Rothschild&Co business model 10 World presence 12 Corporate governance 14 Organisation chart as at 31 December 2019 17 Corporate Responsibility 18 Rothschild&Co and its shareholders 20 2.Business reviewGlobal Advisory 26 Wealth a

3、nd Asset Management 32 Merchant Banking 36 3.Management reportResults for the 2019 financial year 46 Information on the Company and share capital 55 Internal control,risk management and accounting procedures 71Report on corporate governance 80Corporate Responsibility 1184.Financial statementsConsoli

4、dated financial statements 150Parent company financial statements 2182 Rothschild&Co|Annual Report 2019Dear Shareholders,Firstly,I would like to thank the Board members for their continued support and engagement with Rothschild&Co.We all benefit hugely from their experience and wisdom both during an

5、d outside our Board meetings.The Managing Partner,represented by Alexandre de Rothschild,Executive Chairman,and the three Managing Partners,Marc-Olivier Laurent,Robert Leito and Franois Prol,has delivered robust results in a more complex market environment than 2018 which was a record year for the G

6、roup.Beyond 2019 and the current year 2020,the Management Team are working hard together to build a clear but nevertheless ambitious strategy in order to bring long-term value for shareholders.In April,Rothschild&Co Concordia SAS(“Concordia”),the family holding company and main shareholder of Rothsc