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Rothschild & Co., one of the oldest banks in the UK, has made another big move on Wall Street.
The firm announced it’s opening a Chicago office, at 77 W. Wacker Dr., according to a press release Thursday. It has also hired Eric Hirschfield as a managing director and head of the Chicago office.
Hirschfield was formerly a managing director at Goldman Sachs.
“We are excited to grow our presence to the Midwest, expanding Rothschild’s position as a leading independent financial advisory firm in North America,” James Neissa, head of Rothschild North America, said in the release.
The firm hired Neissa in August. He was joint global head of investment banking at UBS.
Rothschild offers mergers-and-acquisitions strategy, financing advice, and investment and wealth management solutions for institutions, families, individuals, and governments.
The firm has a rich history. Mayer Amschel Rothschild created a family partnership over 200 years ago, and in the early 19th century, five of his sons established banking businesses in London, Paris, Frankfurt, Naples, and Vienna.
It is now one of the preeminent M&A advisory firms, ranking sixth in M&A revenue in Europe in the first half of 2016 with $130 million, according to Dealogic.
That put it ahead of Citigroup, Credit Suisse, Barclays, and Deutsche Bank.
It ranked 13th globally, narrowly behind Jefferies and ahead of Centerview Partners and Moelis & Co.
The firm has roughly 2,800 employees in 40 countries, according to its website.