Rothschild taps Andrew Penny from Speechly’s

Rothschild Private Banking and Trust has appointed Andrew Penney, a specialist international tax and trust lawyer, as a Managing Director and head of the Trust business’ London office. Mr Penney’s role will focus on building and developing the relationships with Rothschild Trust’s major international clients, as well as new client acquisition.

Mr Penney joins Rothschild from leading law firm Speechly Bircham, where he was a partner in the private client practice. Before joining Speechly Bircham in 2001, Mr Penney worked at Rothschild Trust for six years.

Richard Baldock, Executive Vice-Chairman of the global trust business, said: “We are delighted to welcome Andrew back to Rothschild. His appointment underlines our commitment to offering sophisticated wealth planning strategies to wealthy individuals, entrepreneurs selling their businesses, families, trusts and charities from around the world.”

Described by Chambers & Partners “as one of the few who truly understands the offshore trust business”, Mr Penney specialises in international personal tax planning, including tax-efficient ownership of assets by individuals and families with cross-border investments. His areas of expertise include structuring the affairs of clients moving between jurisdictions; estate planning for Americans living in the UK; and advising families whose wealth derives from private equity, hedge funds, media, fashion and property. He has experience working with clients from Latin America, Russia, Eastern Europe and India.

Rothschild Private Banking and Trust is expert in providing cross-border tax and international succession planning solutions and guidance on the latest planning techniques and works as one trust company spread across many jurisdictions. It has expertise in structures to hold a wide range of assets including family owned businesses, real estate, yachts and art collections, as well as financial assets.