Rothschild & Co has acquired the United Arab Emirates subsidiary of Liechtensteinische Landesbank (LLB), taking on around 20 employees and their clients. This move is expected to add up to CHF 1 billion (roughly $1.24 billion) in assets under management to Rothschild’s regional wealth business. The firm has expanded its footprint with offices in Dubai and Saudi Arabia and plans more hiring—especially in tech-focused investment banking.

Source: F N London