N. M. Rothschild & Sons, commonly referred to as simply Rothschild, is a British multinational investment banking company, controlled by the Rothschild family. It was founded in the City of London in 1811 and is now part of a global firm with 50 offices worldwide.
In the late 18th century Mayer Amschel Rothschild rose to become one of Europe’s most powerful bankers in the principality of Hesse-Kassel in the Holy Roman Empire. In pursuit of expansion, he appointed his sons to start banking operations in the various capitals of Europe, including sending his third son, Nathan Mayer Rothschild, to England. Nathan Mayer Rothschild first settled in Manchester where he established a business in finance and textile trading. He later moved to London where he founded N. M. Rothschild & Sons in 1811. The company went on to make a fortune with its involvement in the government bonds market.
During the early part of the 19th century, the Rothschild London bank took a leading part in managing and financing the subsidies that the British government transferred to its allies during the Napoleonic Wars. Through the creation of a network of agents, couriers and shippers, the bank was able to provide funds to the armies of the Duke of Wellington in Portugal and Spain.
N. M. Rothschild & Sons’ financial strength in the City of London became such that by 1825, the bank was able to supply enough coin to the Bank of England to enable it to avert a liquidity crisis.
Following the First World War, Rothschild began a steady transition towards advisory work and finance raising for commercial concerns, notably including the London Underground. The company developed into a pre-eminent global organisation, securing key advisory roles in many important and complex mergers and acquisitions.
Today, Rothschild is consistently in the top ten global investment banks for mergers and acquisitions advisory.