Lord Rothschild to step down as RIT chair in September

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...