Rothschild promotes senior bankers

The three Rothschild bankers have been named co-heads of global financial advisory in Australia.

Rothschild’s global financial advisory business in Australia has elevated three of its bankers to senior management roles as the firm seeks to strengthen its corporate relationships as it prepares for a pick up in deal activity and the future retirement of its local chairman Trevor Rowe.

Marshall Baillieu, Gareth Cope and Bruce MacDiarmid will become co-heads of Rothschild’s business in Australia. Rowe will remain executive chairman of Rothschild Australia and has no intention of leaving the firm in the foreseeable future.

Baillieu, who advises mining companies, Cope, who covers consumer and industrial corporations and MacDiarmid, head of utilities, have worked together for almost a decade at the firm.  

Rothschild has about 40 advisers working out of its Sydney and Melbourne offices, advising on mergers and acquisitions, restructurings and selected capital raisings.

In M&A, the firm has advised on seven deals this year that are together worth US$983 million, according to Bloomberg data. Rothschild is currently advising Mirabela Nickel Ltd on its restructuring and Saputo Inc on its bid to takeover Warrnambool Cheese and Butter Factory Ltd.

The firm has also submitted a proposal to become the government’s business advisor on the scoping study of Medibank Private Ltd, which will examine whether the health insurer should and could be sold to the public.