| New Court (Rothschild Bank) | |
| Owner: | Rothschild |
| Building Type: | Office |
| Completion Date: | 2011 |
| Coordinates: | 51.5122°N -0.0889°W |
| Architect: | Rem Koolhaas Office for Metropolitan Architecture |
| Location: | London, England |
| Map Type: | London |
| Image Alt: | The Fourth Incarnation of Rothschild's New Court |
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]