Lord Rothschild to step down as RIT chair in September

Will remain as president

The board of RIT Capital Partners has announced long-standing chairman Lord Rothschild will step down from his role on 30 September, but will remain as president of the company.

The announcement was made today at the annual general meeting for the £3.2bn investment trust. The board added Sir James Leigh-Pemberton, who was a director of RIT between 2004 and 2013, will become non-executive chair after Rothschild steps down in September.   This comes after several years of succession planning, after Rothschild told shareholders he would be stepping back from day-to-day activity at RIT. Since that time, the board has established an executive committee at RIT's investment manager J. Rothschild Capital Management (JRCM) to run the day-to-day business of the comp...