
Rothschild & Co Hires Ralph Lerman as Managing Director in Business Services
'Ralph is a respected banker with deep domain knowledge and client relationships,' said Jonathan Kaye, Global Co-Head of Business Services. 'Ralph was also a critical partner in building a world-class Services practice, and will be instrumental in building Rothschild & Co's franchise in key verticals in North America.'
Mr. Lerman has nearly two decades of investment banking experience and a strong track record of advising on complex M&A transactions across the business services sector. He joins Rothschild & Co from Moelis & Company, where he served as Executive Director and originated and led transactions in professional services, human capital management, and a variety of tech enabled verticals. Mr. Lerman holds a B.A. from Tufts University and an M.B.A. with High Distinction from the University of Michigan's Ross School of Business.
'I've long admired Rothschild & Co's reputation for providing independent, high-impact advice across the globe and am excited to join the team at a time of real momentum in the business services sector,' said Ralph Lerman. 'I look forward to collaborating with my new colleagues to help clients navigate critical moments with the thoughtfulness and integrity for which the firm is known.'
About Rothschild & Co, Global Advisory
Rothschild & Co is a family-controlled and independent group and has been at the centre of the world's financial markets for over 200 years. With a team of c.4,600 talented financial services specialists on the ground in over 40 countries, Rothschild & Co's integrated global network of trusted professionals provide in-depth market intelligence and effective long-term solutions for our clients in Global Advisory, Wealth & Asset Management, and Five Arrows, its alternative assets arm.
Global Advisory, a division of the Rothschild & Co group, designs and executes strategic M&A and financing solutions, providing impartial, expert advice to large and mid-sized corporations, private equity, families and entrepreneurs, and governments.
Through its unrivalled network of 1,600 industry and financing specialists in 47 countries, Rothschild & Co's Global Advisory business combines the breadth of its advisory offering with a high volume of transactions to achieve a unique understanding and perspective into markets and participants worldwide.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Wire
11 minutes ago
- Business Wire
Zayed Sustainability Prize Sees Surge in Global Participation with 7,761 Entries
ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--The UAE's Zayed Sustainability Prize, a pioneering global award that has transformed the lives of over 400 million people, has officially closed submissions for its 2026 awards cycle. A total of 7,761 entries from 173 countries were received across the six categories of Health, Food, Energy, Water, Climate Action and Global High Schools, reflecting the Prize's continued role in advancing impactful solutions to pressing global challenges. Now in its 17 th year, the Prize empowers small to medium-sized enterprises (SMEs), nonprofit organisations and high schools to develop and scale sustainable innovations that improve lives, especially in vulnerable and underserved communities. From clean energy and healthcare access to regenerative agriculture and safe drinking water, this year's submissions reflect a rising focus on technology-powered, community-led models that expand access where it's needed most. Submissions increased by 30% compared to the previous cycle. There was a marked rise in projects that integrate cutting-edge technologies – such as artificial intelligence, direct air carbon capture, and fintech tools – with grassroots approaches, highlighting how innovation, equity, and long-term impact are converging in meaningful ways. H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Director-General of the Zayed Sustainability Prize, said: 'The record number of submissions to this year's Prize cycle reflects a growing global commitment to practical, scalable solutions that deliver long-term impact. We saw particularly strong momentum in food systems, where smart technologies are helping boost productivity and resilience. Across all categories, the increased use of AI and other advanced technologies highlights how innovation is being harnessed to drive inclusive, community-led progress. The Zayed Sustainability Prize remains focused on recognising pioneers who deliver measurable impact and advance sustainable development worldwide.' Early analysis shows that around 85% of all submissions came from the developing and emerging economies, with top contributions from India, Ethiopia, Uzbekistan, Brazil, and was also high from developed countries like the United Arab Emirates and the United States of America, both making it into the top 10 submission countries. The Food (1,630) and Climate Action (1,880) categories attracted the highest number of entries, reflecting the global urgency around food security, ecosystem protection, and disaster resilience. These were followed by Health (1,497), Global High Schools (1,070), Water (863) and Energy (821). Submissions to the Health category grew by over 60% this year, with entries focusing on AI-enabled diagnostics, wearable tech, and decentralised care. Many also explored tech-enabled sustainable logistics and improved traceability to strengthen healthcare delivery systems. The Food category highlighted advances in precision agriculture and agri-robotics, with smart systems and drones helping farmers boost yields as well as circularity in food systems. In Energy, submissions revealed a growing interest in thermal energy storage and advanced low-carbon fuels, and broader energy transformation, including solutions for future-proofing energy systems to meet the growing global demand scenarios. Entries in the Water category explored innovative ways to expand freshwater access, including atmospheric water generation and low-energy desalination, as well as fintech tools that promote more transparent and equitable distribution. Climate Action entries addressed both mitigation and adaptation, featuring nature-based solutions, direct air carbon capture, predictive tools for resilience and disaster preparedness, and community-based conservation grounded in Indigenous knowledge. Youth-led submissions in Global High Schools reflected a remarkable surge in youth engagement and commitment to sustainability, with projects ranging from AI-powered climate monitoring and smart irrigation for school farms to low-cost water filtration and tech-based approaches to waste tracking and upcycling. Following the close of submissions, the Prize now enters the evaluation stage. All entries will be shortlisted by an independent research and analysis consultancy. A Selection Committee comprised of globally renowned industry experts will then assess the qualified entries and shortlist the candidates. The third and final tier of the evaluation process is the Jury, which will convene in October to unanimously elect the winners in each category. Winners will be announced at the Zayed Sustainability Prize Awards Ceremony on 13 January 2026, during Abu Dhabi Sustainability Week. Each winner in the organisational categories will receive US $1 million, while six high schools – representing the world's regions – will be awarded US $150,000 each to implement or expand their sustainability projects. About the Zayed Sustainability Prize The Zayed Sustainability Prize, an affiliate of Erth Zayed Philanthropies, is the UAE's pioneering award for innovative solutions to global challenges. A tribute to the legacy and vision of the UAE's founding father, Sheikh Zayed bin Sultan Al Nahyan, the Prize aims to drive sustainable development worldwide. Each year, across the Health, Food, Energy, Water, Climate Action and Global High Schools categories, the Prize rewards organisations and high schools for their groundbreaking solutions to our planet's most pressing needs. Through its 128 winners, in 17 years, the Prize has positively impacted over 400 million lives across the globe, inspiring innovators to amplify their impact, and chart a sustainable future for all.


Business Wire
41 minutes ago
- Business Wire
Western Alliance Bank Teams Up With FHLBank San Francisco to Award the Yavapai-Apache Nation $800,000 Grant
PHOENIX--(BUSINESS WIRE)-- Western Alliance Bank today announced, in collaboration with the Federal Home Loan Bank of San Francisco (FHLBank San Francisco), an $800,000 grant awarded to the Yavapai-Apache Nation to support capacity building for affordable housing development. Western Alliance Bank Teams Up With FHLBank San Francisco to Award the Yavapai-Apache Nation $800,000 Grant This grant funding will support Yavapai-Apache Nation Tribal Housing (YANTH)'s construction of Yavapai-Apache Homes IX. This 38-unit new construction project offers a mix of two-bedroom duplexes and three- and four-bedroom single-family homes on Tribal trust land in the Tunlii community on the Yavapai-Apache Reservation in Camp Verde, Arizona. 'Western Alliance Bank recognizes that it is essential for Tribal members to have a safe, affordable place to call home,' said Aidan Tracey, assistant vice president of portfolio management for Western Alliance Bank's Affordable Housing Investments Group. 'There is strong demand for quality, affordable housing for members of the Yavapai-Apache Nation. We are proud to play a role in securing the well-being and stability of these communities with this step toward addressing housing needs for the Nation.' In this phase of the project, 14 units are designated for households with annual incomes up to 30% of Area Median Income (AMI), 11 units for households with annual incomes up to 50% AMI, five units for households with annual incomes up to 60% AMI, and eight units for households up to 80% AMI. The Project also includes a community center for resident use. All of the units are committed for eventual tenant ownership at the end of the 15-year Low-Income Housing Tax Credit (LIHTC) compliance period. As a member bank of the FHLBank San Francisco, Western Alliance Bank sponsored the Yavapai-Apache Nation's application to help secure this much-needed funding. Acting in a fiduciary capacity, the Western Alliance Affordable Housing Investments Group supported the Nation by facilitating the disbursement of funds, ensuring compliance with program requirements. The grant was made possible through voluntary funding from FHLBank San Francisco, which supports affordable housing and economic development in local communities across Arizona, California and Nevada. Western Alliance Bank remains committed to building strong local partnerships that support affordable housing, economic development and financial empowerment in our communities. About Western Alliance Bank With more than $85 billion in assets, Western Alliance Bancorporation is one of the country's top-performing banking companies. Its primary subsidiary, Western Alliance Bank, Member FDIC, offers a full spectrum of tailored commercial banking solutions and consumer products, all delivered with outstanding service by banking and mortgage experts who put customers first. Major accolades include being ranked as a top U.S. bank in 2024 by American Banker and Bank Director and receiving #1 rankings on Extel's (formerly Institutional Investor's) All-America Executive Team Midcap Banks 2024 for Best CEO, Best CFO and Best Company Board of Directors. Serving clients across the country wherever business happens, Western Alliance Bank operates individual, full-service banking and financial brands with offices in key markets nationwide. For more information, visit Western Alliance Bank. About FHLBank San Francisco The Federal Home Loan Bank of San Francisco is a member-driven cooperative helping local lenders in Arizona, California, and Nevada build strong communities, create opportunity, and change lives for the better. The tools and resources we provide to our member financial institutions — commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions — propel homeownership, finance quality affordable housing, drive economic vitality, and revitalize whole neighborhoods. Together with our members and other partners, we are making the communities we serve more vibrant and resilient. About the Yavapai-Apache Nation The Yavapai-Apache Nation is a federally recognized tribal government located in the Verde Valley of central Arizona, encompassing five tribal communities: Tunlii, Middle Verde, Rimrock, Camp Verde and Clarkdale. With approximately 2,600 enrolled members, the Nation is committed to strengthening the well-being of its people through investments in housing, healthcare, education and cultural preservation.


Business Wire
41 minutes ago
- Business Wire
New Study Finds America's Largest Wealth Transfer Faces Unexpected Obstacle: The Family Dinner Table
ADA, Okla.--(BUSINESS WIRE)--The largest private asset transfer in history is facing a significant hurdle, as a new LegalShield study reveals nearly half of Baby Boomers (41%) and Gen Xers (45%) do not have basic estate planning documents like a will. This lack of planning by older generations leaves their Millennial and Gen Z heirs with significant and possibly costly uncertainty as a historic $84 trillion wealth transfer builds momentum expected to carry beyond 2045. This lack of planning also sets the stage for something most Millennials dread: family conflict. "The greatest risk to this $84 trillion wealth transfer isn't taxes – it's silence," said Warren Schlichting, LegalShield CEO. "An estate plan is essential, combined with open dialogue. Without planning and conversation, Americans risk trading family fortune for family feuds." The LegalShield survey of over 1,000 U.S. adults, conducted in June 2025, underscores the high stakes of this transfer, revealing that a clear majority of the next generation—including 63% of Millennials—is already counting on an inheritance. The Single Biggest Issue? Silence Even when estate plans exist, the study found a wall of silence can be just as damaging as having no plan at all. Nearly one in five (19%) Boomers and Gen Xers admit their family doesn't even know if they have a will. The silence is mutual: 42% of Millennials and Gen Zers expecting an inheritance have not discussed it with the person leaving it to them. A key result is anxiety: The top inheritance-related fear for Millennials is emotional, not financial. 58% of Millennials fear family conflict more than financial fears such as taxes. The Compounding Problem: Procrastination The study reveals a critical failure to plan among the generations holding the most wealth. 41% of Baby Boomers and 45% of Gen Xers—the two generations holding approximately 77% of U.S. private wealth according to the Federal Reserve—do not have a will. Among those with wills, many are dangerously out of date: 51% of Boomers and 46% of Gen Xers have not updated estate planning documents in more than three years. Gen X: Caught in the Middle The pressure is especially high for Gen Xers, who are caught in the unique position of expecting to inherit from their parents while also planning to leave wealth to their children. This "sandwich generation" role fuels their financial anxiety. One more dimension adds to the unease: 78% of Gen Xers report uncertainty about the economy, making them more concerned about protecting their assets. 'The silence between generations jeopardizes far more than just financial assets,' said Wayne Hassay, a LegalShield provider attorney. 'People think estate planning is only about who gets the house, but it's much more. It protects your kids, directs healthcare decisions, and handles digital assets. An attorney helps ensure no piece is missed, preventing a legal nightmare for your loved ones later on.' Study Methodology: The LegalShield survey was conducted in June 2025 among 1,018 U.S. adults. The data was segmented by generation (Gen Z, Millennials, Gen Xers, Baby Boomers) to analyze attitudes and behaviors toward estate planning and the generational wealth transfer. About LegalShield: For more than 50 years, LegalShield has provided everyday Americans with easy and affordable access to legal advice, counsel, protection, and representation. Serving millions, LegalShield is one of the world's largest platforms for legal, identity, and reputation management services protecting individuals and businesses across North America. Founded in 1972, LegalShield, and its privacy management product, IDShield, has provided individuals, families, businesses, and employers with tools and services needed to affordably live a just and secure life. Through technology and innovation, LegalShield is disrupting the traditional legal system and transforming how and where people receive legal guidance and services, with access to hundreds of qualified, trusted attorneys and law firms. LegalShield and IDShield are products of Pre-Paid Legal Services, Inc. To learn more about LegalShield and IDShield, visit and