James Morrell has been named deputy CEO of Rothschild & Co.’s UK wealth management division.

Morrell joined wealth management in 2010 as a client adviser and has been the UK head of front office for the past seven years. 

The newly formed position of deputy CEO will support long-term, strategic succession planning and management stability while also offering enhanced senior capacity to help fulfil the growing demand for Rothschild & Co.’s services from current and potential clients.

Morrell is going to report to Helen Watson, CEO of UK wealth management, with whom he previously worked at Morgan Stanley and Rothschild & Co. for nearly 20 years.

Watson stated: “I am very proud of the growth of our business in recent years as more clients entrust us with their wealth. James’s appointment to deputy CEO enables us to continue to plan and invest for the future. Moreover, from a vantage point of seven generations of Rothschild family ownership, we are also ‘practising what we preach’ to our clients by focusing on our own long-term succession plans. James is ideally suited to the role as through his years leading our Client Adviser teams, he has been instrumental in building our industry-leading reputation for client service.” 

“Our priority remains to preserve and grow wealth for our clients over the long term through an acute focus on exceptional client service and investment performance,” added Morrell.

“I am excited to take on this new role working closely with Helen as we continue to invest in our business and further enhance our offering to clients.”

Due to substantial investments made by Rothschild & Co. in its UK Wealth Management division, AUM has doubled over the past five years.

With Fernanda Rosset’s recent appointment as head of UK HNW wealth management, she is committed to improving the offering for these high net worth individuals so that more people, including the upcoming generation, can make wise decisions early in their wealth creation path.