François Perol, a senior French civil servant, and Sylvain Hefes, a Goldman Sachs partner, have joined Rothschild.

They will be part of a team of senior advisers to Rothschild which include Sir Edward George, former governor of the Bank of England, Lord Guthrie, once UK chief of defence staff and Felix Rohatyn, ex-US ambassador to France and an ex-Lazard partner.