Rothschild & Co’s wealth and asset management business has grown steadily this year, with new asset growth driven by its private wealth management business.

The division's third quarter, ending 30 September, was buoyed by €800 million of net inflows into the wealth management business, compared with €200 million for the same period last year.

The wealth and asset management division was also boosted by €1.4 billion of favourable market movements in Q3, meaning its AUM was up 3 percent to €73.7 billion across the three-month period. AUM was up 14 percent since the start of 2019, following the steep market d...