History
The company was founded in 1961 on the initiative of Lord Jacob Rothschild founded and named "Rothschild Investment Trust". It served the English branch of the family Rothschild for investments outside their bank N M Rothschild & Sons. In 1980 there was a conflict between Lord Jacob Rothschild and Evelyn de Rothschild, then the head of N M Rothschild & Sons. Because the investment way of Lord Jacob Rothschild was too risky, Evelyn de Rothschild withdrew the money invested in the banking house of Rothschild Investment Trust and forbade the company to continue using the name Rothschild. Lord Jacob Rothschild pulled his hand back from N M Rothschild & Sons and received compensation as the sole control of the Rothschild Investment Trust, which he renamed "RIT Ltd." In 1988, Lord Jacob Rothschild transformed RIT Ltd. into a publicly traded investment trust with the name "RIT Capital Partners plc."
Read more about this topic: RIT Capital Partners
Famous quotes containing the word history:
“History takes time.... History makes memory.”
—Gertrude Stein (1874–1946)
“To a surprising extent the war-lords in shining armour, the apostles of the martial virtues, tend not to die fighting when the time comes. History is full of ignominious getaways by the great and famous.”
—George Orwell (1903–1950)
“The thing that struck me forcefully was the feeling of great age about the place. Standing on that old parade ground, which is now a cricket field, I could feel the dead generations crowding me. Here was the oldest settlement of freedmen in the Western world, no doubt. Men who had thrown off the bands of slavery by their own courage and ingenuity. The courage and daring of the Maroons strike like a purple beam across the history of Jamaica.”
—Zora Neale Hurston (1891–1960)