New Court (Rothschild Bank) | |
---|---|
General information | |
Type | Office |
Location | London, England |
Coordinates | 51°30′44″N0°5′20″W / 51.51222°N 0.08889°W Coordinates: 51°30′44″N0°5′20″W / 51.51222°N 0.08889°W |
Completed | 2011 |
Owner | Rothschild |
Design and construction | |
Architect(s) | Rem Koolhaas Office for Metropolitan Architecture |
New Court (also known as The Rothschild Headquarters) is a collection of proximate buildings in London having served as the global headquarters of the Rothschild investment bank since 1809. The current building is the fourth incarnation of the Rothschild offices at the same street address. Until 2004, the world price of gold was fixed daily at this building.
After leaving Frankfurt, Nathan Mayer Rothschild needed a location where he could build his banking business and continue his merchant activities as well as house his family. Rothschild acquired a lease at No. 2 New Court Street, St Swithin's Lane in 1809. [1]
In 1824 at New Court, Nathan Mayer Rothschild and company formed Alliance Assurance (later becoming Royal & Sun Alliance, and today known as RSA Insurance Group)." [2]
Lionel de Rothschild (who had succeeded his father Nathan in 1838 as head of the firm) hired architect Thomas Marsh Nelson to design a building in the Italianate style which was completed in 1868. [3]
On 12 September 1919, New Court became the location where the global price of gold was fixed. [4]
During Second World War, The Rothschild bank moved much of its staff to the Rothschild estate at Tring Park. In a 1941 Nazi air raid, St Swithin's Lane was struck with many buildings being damaged. [5]
As the firm continued to see growth, it again outgrew New Court. Although the idea of extending the buildings vertically was posed, the Rothschild family ultimately decided to develop a new office. Rothschild chose Fitzroy Robinson & Partners as architects for a building which was completed in 1962. [6]
By the early twenty-first century, the Rothschild Bank had again outgrown the buildings. Architect Rem Koolhaas of OMA was selected to design the new headquarters for Rothschild which was completed in 2011. [7]
The Rothschild family is a wealthy Ashkenazi Jewish family originally from Frankfurt that rose to prominence with Mayer Amschel Rothschild (1744–1812), a court factor to the German Landgraves of Hesse-Kassel in the Free City of Frankfurt, Holy Roman Empire, who established his banking business in the 1760s. Unlike most previous court factors, Rothschild managed to bequeath his wealth and established an international banking family through his five sons, who established businesses in London, Paris, Frankfurt, Vienna, and Naples. The family was elevated to noble rank in the Holy Roman Empire and the United Kingdom. The family's documented history starts in 16th century Frankfurt; its name is derived from the family house, Rothschild, built by Isaak Elchanan Bacharach in Frankfurt in 1567.
Nathan Mayer Rothschild was an English-German banker, businessman and financier. Born in Frankfurt am Main in Germany, he was the third of the five sons of Gutle and Mayer Amschel Rothschild, and was of the second generation of the Rothschild banking dynasty.
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Mayer Amschel Rothschild was a German-Jewish banker and the founder of the Rothschild banking dynasty. Referred to as a "founding father of international finance", Rothschild was ranked seventh on the Forbes magazine list of "The Twenty Most Influential Businessmen of All Time" in 2005.
The London Gold Fixing is the setting of the price of gold that takes place via a dedicated conference line. It was formerly held on the London premises of Nathan Mayer Rothschild & Sons by the members of The London Gold Market Fixing Ltd.
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The Rothschild family is a European family of German Jewish origin that established European banking and finance houses from the late eighteenth century.
Hennessy & Hennessy was an architectural firm established in 1912 in Sydney, Australia that was responsible for a series of large scale office buildings in the 1930s in all capital cities in Australia, as well as New Zealand and South Africa, designed by John (Jack) Hennessy (1887–1955), described as Australia's first international architect.
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