Rothschild Australia names former Future Fund director as new chair

afr.com:

Carolyn Kay, a veteran financial services director and a former Future Fund board member, has been named the next chair of Rothschild Australia

Street Talk understands staff were informed of Kay’s appointment by global head Robert Leitao and Australia chief executive Marshall Baillieu last week. “We look forward to working with Carolyn in her new role and in continuing to expand our Australian business, particularly in assisting with senior client engagement as well in supporting the continual development of our people,” Leitao and Baillieu told staff in an email.

Carolyn Kay Louie Douvis

Kay has been a senior adviser at Rothschild since 2020. She is well-known on the board scene and holds positions at Scentre, National Australia Bank, Myer Family Investments and the Foreign Investment Review Board. Her term on the Future Fund board expired in April. Kay has worked as a banker and a lawyer at Morgan Stanley, JPMorgan and Linklaters.

Trevor Rowe had been chairman of the firm since 2015, but resigned in 2020, staying on as a senior adviser. Nicholas Wrigley, based in Britain, has served as Australia chair since.

Rothschild Australia is having a good run into the end of the year having run a strategic review of Melbourne life sciences business IonOpticks, booting up an auction for Waterman Capital’s IT services business Fusion5, drumming up interest for Crescent Capital Partners’ 24-7 Healthcare and advising ICG on its run at Cura Day Hospitals.