February 12, 2010
[efoods]Investment bank Rothschild said Nigel Higgins will take over as its chief executive next month, the first person outside the family to lead the banking dynasty as it reshapes its structure to pursue growth.
Higgins, 49, has been at Rothschild for 27 years and has jointly run its investment banking for a decade. He will be chief executive of the family holding company from March 1.
David de Rothschild will continue as executive chairman, but it marks the first split in the roles of chairman and CEO.
De Rothschild will be responsible for strategic issues and deal with major clients, while Higgins will oversee a broader management team to take on the day-to-day running of operations.