1、Rothschild&Co Annual Report 2017Rothschild&Co|Annual Report 2017 1ContentsMessage from the Chairman of the Supervisory Board 4Message from the Chairman 5Message from the Management Board 61.Overview Overview of businesses 10World presence 12Corporate governance 14Organisation chart 17Corporate Socia
2、l Responsibility 18Shareholder information 192.Business review Rothschild Global Advisory 24Rothschild Private Wealth&Asset Management 30Rothschild Merchant Banking 373.Management report Results for the 2017 financial year 46Information on the Company and share capital 54Internal control,risk manage
3、ment and accounting procedures 66Corporate governance 73Corporate Social Responsibility 984.Financial statements Consolidated financial statements 118Parent company financial statements 1812 Rothschild&Co|Annual Report 2017HistoryPreserving a first-class reputation across generationsCreation of Pari
4、s Orlans,a French railway company.1838Paris Orlans discontinues railway business.1937Relaunch of Rothschilds French financial activities through Paris Orlans followingthe nationalisation of the Rothschild French bank in 1981.1982Paris Orlans streamlines its organisation,optimises its regulatory capi
5、tal and preservesfamily control,with its conversion into a partnershiplimited by shares.2012Paris Orlans acquires control of the banking activities at a global level and completes reorganisation of family shareholdings.2008Paris Orlans changes its name to Rothschild&Co,a necessary step in the Groups
6、 transformation.2015Rothschild&Co pursues its simplification with the removal of banking licences and the sale of non-core business.2016Rothschild&Co offersfull-scale financial adviceand services around the world.TodayRothschild&Co completes the merger with Compagnie Financire Martin Maurel to enhan