A joint venture between Rabobank and Rothschild dealing in food and agriculture investment banking has ended. The joint venture dates back to November 2008. A spokesperson for Rabobank said the two sides have mutually agreed that they would be best served by continuing their M&A businesses separately. The two will, however, continue to cooperate on an ad hoc basis. Rabobank would continue to hold a 7.5% stake in Rothschild’s main bank holding company, Swiss-based Rothschild Continuation Holdings. Rothschild has about 40 bankers working out of its offices in Sydney and Melbourne. Its Melbourne-based advisers worked on Saputo’s Warrnambool takeover together with Rabobank’s Sydney and New York-based teams.