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In 2011, the group opened an office in [[Dubai]] to develop its activities in the Middle East<ref>{{Cite web|url=https://www.investmenteurope.net/investmenteurope/news/3712196/rothschild-targets-middle-east|title=Rothschild targets Middle East|date=18 October 2011|website=www.investmenteurope.net|language=en|access-date=6 February 2020}}</ref> and became a member of the [[United Nations Global Compact]].<ref>{{Cite web|title=CSR / Sustainability Report Announcement {{!}} ReportAlert.info|url=https://reportalert.info/report/290021/Edmond-de-Rothschild-Achieves-4-year-Goals-Sustainable-Development|access-date=7 September 2020|website=reportalert.info}}</ref> In 2013, it announced its plan to open a new office in [[London]].<ref>{{Cite news|url=https://www.ft.com/content/6a3929b4-4f72-11e3-b06e-00144feabdc0|title=Edmond de Rothschild to open London merchant bank|last=Schäfer|first=Daniel|date=17 November 2013|newspaper=Financial Times|access-date=6 February 2020}}</ref> In June 2014, the group raised a $530 million fund targeting investments in Africa.<ref>{{Cite news|url=https://www.reuters.com/article/us-rothschild-africafund-idUSKBN0F40XC20140629|title=Rothschild fund raises $530 million to invest in Africa: FT|date=29 June 2014|work=Reuters|access-date=6 February 2020|language=en}}</ref> In 2014, All of the company's financial and non-financial assets were reorganized within the group's structure.<ref>{{Cite web|url=https://www.edmond-de-rothschild.com/site/Luxembourg/SiteCollectionDocuments/Rapports%20annuels/2014/RA-EN-2014-WEB-FINAL.pdf|title=Annual report|date=2014|website=Edmond-de-Rothschild.com|access-date=6 February 2020|archive-date=20 December 2019|archive-url=https://web.archive.org/web/20191220234715/https://www.edmond-de-rothschild.com/site/Luxembourg/SiteCollectionDocuments/Rapports%2520annuels/2014/RA-EN-2014-WEB-FINAL.pdf|url-status=dead}}</ref>
In 2011, the group opened an office in [[Dubai]] to develop its activities in the Middle East<ref>{{Cite web|url=https://www.investmenteurope.net/investmenteurope/news/3712196/rothschild-targets-middle-east|title=Rothschild targets Middle East|date=18 October 2011|website=www.investmenteurope.net|language=en|access-date=6 February 2020}}</ref> and became a member of the [[United Nations Global Compact]].<ref>{{Cite web|title=CSR / Sustainability Report Announcement {{!}} ReportAlert.info|url=https://reportalert.info/report/290021/Edmond-de-Rothschild-Achieves-4-year-Goals-Sustainable-Development|access-date=7 September 2020|website=reportalert.info}}</ref> In 2013, it announced its plan to open a new office in [[London]].<ref>{{Cite news|url=https://www.ft.com/content/6a3929b4-4f72-11e3-b06e-00144feabdc0|title=Edmond de Rothschild to open London merchant bank|last=Schäfer|first=Daniel|date=17 November 2013|newspaper=Financial Times|access-date=6 February 2020}}</ref> In June 2014, the group raised a $530 million fund targeting investments in Africa.<ref>{{Cite news|url=https://www.reuters.com/article/us-rothschild-africafund-idUSKBN0F40XC20140629|title=Rothschild fund raises $530 million to invest in Africa: FT|date=29 June 2014|work=Reuters|access-date=6 February 2020|language=en}}</ref> In 2014, All of the company's financial and non-financial assets were reorganized within the group's structure.<ref>{{Cite web|url=https://www.edmond-de-rothschild.com/site/Luxembourg/SiteCollectionDocuments/Rapports%20annuels/2014/RA-EN-2014-WEB-FINAL.pdf|title=Annual report|date=2014|website=Edmond-de-Rothschild.com|access-date=6 February 2020|archive-date=20 December 2019|archive-url=https://web.archive.org/web/20191220234715/https://www.edmond-de-rothschild.com/site/Luxembourg/SiteCollectionDocuments/Rapports%2520annuels/2014/RA-EN-2014-WEB-FINAL.pdf|url-status=dead}}</ref>


In 2015, Ariane de Rothschild was named CEO of the Edmond de Rothschild Group.<ref>{{Cite web|url=https://dealbook.nytimes.com/2015/01/14/edmond-de-rothschild-group-names-chairmans-wife-as-c-e-o/|title=Edmond de Rothschild Group Names Chairman's Wife as C.E.O.|last=Bray|first=Chad|date=14 January 2015|website=DealBook|language=en|access-date=6 February 2020}}</ref> She was the first woman to run a Rothschild-branded financial institution,<ref>{{Cite news|url=https://www.ft.com/content/dd64793c-4721-11e9-b168-96a37d002cd3|title=Ariane de Rothschild challenges Swiss conservatism|last=Agnew|first=Harriet|date=15 March 2019|newspaper=Financial Times|access-date=6 February 2020}}</ref> and was nominated to give the company a new impetus.<ref>{{Cite news|url=https://www.ft.com/content/4812320a-4566-11e9-b168-96a37d002cd3|title=Edmond de Rothschild to take its Swiss bank private|last=Agnew|first=Harriet|date=13 March 2019|newspaper=Financial Times|access-date=6 February 2020}}</ref> Still in 2015, the group published a sustainability report for the first time<ref>{{Cite web|url=https://www.3blmedia.com/News/Edmond-de-Rothschild-Group-Publishes-First-Sustainability-Report|title=Edmond de Rothschild Group Publishes First Sustainability Report|last=Performance|first=Ethical|website=www.3blmedia.com|language=en|access-date=6 February 2020}}</ref> and launched the Fund Big Data.<ref>{{Cite web|date=2022-01-06|title=Edmond de Rothschild: un fonds franchit la barre d'un milliard d'euros sous gestion|url=https://www.allnews.ch/content/produits/edmond-de-rothschild-un-fonds-franchit-la-barre-dun-milliard-deuros-sous-gestion|access-date=2022-01-16|website=Allnews|language=fr}}</ref> In 2017, the Luxembourg authorities fined the group $10.1 million for its handling of funds in the Malaysian investment fund [[1MDB]].<ref>{{Cite news|url=https://www.reuters.com/article/us-malaysia-scandal-rotschild-idUSKBN19D149|title=Private bank Rothschild fined in 1MDB case: source|author=Reuters Staff|newspaper=Reuters|date=22 June 2017|via=www.reuters.com}}</ref> In February 2018, the group raised a €345 million fund to invest in [[Biotechnology|biotech]] and medical devices.<ref>{{Cite web|url=https://www.fiercebiotech.com/biotech/de-rothschild-raises-eu345m-europe-skewed-life-science-fund|title=De Rothschild raises €345M Europe-skewed life science fund|website=FierceBiotech|language=en|access-date=6 February 2020}}</ref> In March 2019, the company removed Edmond de Rothschild (Switzerland) S.A. from public trading, making it 100% private. Ariane de Rothschild took chairmanship of the board, and Vincent Taupin was named CEO of the group. The French business entities were folded into the Swiss company to simplify the group's organigram.<ref name=":3">{{Cite news|url=https://www.bloomberg.com/news/articles/2019-03-13/benjamin-de-rothschild-s-family-to-take-its-swiss-bank-private|title=Rothschild Baroness Plots Swiss Private Bank Expansion After Bid|last1=Torsoli|first1=Albertina|last2=Winters|first2=Patrick|date=13 March 2019|newspaper=Bloomberg.com|access-date=6 February 2020}}</ref>
In 2015, Ariane de Rothschild was named CEO of the Edmond de Rothschild Group.<ref>{{Cite web|url=https://dealbook.nytimes.com/2015/01/14/edmond-de-rothschild-group-names-chairmans-wife-as-c-e-o/|title=Edmond de Rothschild Group Names Chairman's Wife as C.E.O.|last=Bray|first=Chad|date=14 January 2015|website=DealBook|language=en|access-date=6 February 2020}}</ref> She was the first woman to run a Rothschild-branded financial institution,<ref>{{Cite news|url=https://www.ft.com/content/dd64793c-4721-11e9-b168-96a37d002cd3|title=Ariane de Rothschild challenges Swiss conservatism|last=Agnew|first=Harriet|date=15 March 2019|newspaper=Financial Times|access-date=6 February 2020}}</ref> and was nominated to give the company a new impetus.<ref>{{Cite news|url=https://www.ft.com/content/4812320a-4566-11e9-b168-96a37d002cd3|title=Edmond de Rothschild to take its Swiss bank private|last=Agnew|first=Harriet|date=13 March 2019|newspaper=Financial Times|access-date=6 February 2020}}</ref> Still in 2015, the group published a sustainability report for the first time<ref>{{Cite web|url=https://www.3blmedia.com/News/Edmond-de-Rothschild-Group-Publishes-First-Sustainability-Report|title=Edmond de Rothschild Group Publishes First Sustainability Report|last=Performance|first=Ethical|website=www.3blmedia.com|language=en|access-date=6 February 2020}}</ref> and launched the Fund Big Data.<ref>{{Cite web|date=2022-01-06|title=Edmond de Rothschild: un fonds franchit la barre d'un milliard d'euros sous gestion|url=https://www.allnews.ch/content/produits/edmond-de-rothschild-un-fonds-franchit-la-barre-dun-milliard-deuros-sous-gestion|access-date=2022-01-16|website=Allnews|language=fr}}</ref> That same year, it agreed to a fine of $45.4 million to avoid prosecution for allegedly helping U.S. clients [[Banking in Switzerland#tax evasion|evade taxes]].<ref>https://www.bloomberg.com/news/articles/2021-06-23/rich-russian-sued-rothschild-bank-in-new-york-claiming-fraud-over-oil-fortune</ref> In 2017, the Luxembourg authorities fined the group $10.1 million for its handling of funds in the Malaysian investment fund [[1MDB]].<ref>{{Cite news|url=https://www.reuters.com/article/us-malaysia-scandal-rotschild-idUSKBN19D149|title=Private bank Rothschild fined in 1MDB case: source|author=Reuters Staff|newspaper=Reuters|date=22 June 2017|via=www.reuters.com}}</ref> In February 2018, the group raised a €345 million fund to invest in [[Biotechnology|biotech]] and medical devices.<ref>{{Cite web|url=https://www.fiercebiotech.com/biotech/de-rothschild-raises-eu345m-europe-skewed-life-science-fund|title=De Rothschild raises €345M Europe-skewed life science fund|website=FierceBiotech|language=en|access-date=6 February 2020}}</ref> In March 2019, the company removed Edmond de Rothschild (Switzerland) S.A. from public trading, making it 100% private. Ariane de Rothschild took chairmanship of the board, and Vincent Taupin was named CEO of the group. The French business entities were folded into the Swiss company to simplify the group's organigram.<ref name=":3">{{Cite news|url=https://www.bloomberg.com/news/articles/2019-03-13/benjamin-de-rothschild-s-family-to-take-its-swiss-bank-private|title=Rothschild Baroness Plots Swiss Private Bank Expansion After Bid|last1=Torsoli|first1=Albertina|last2=Winters|first2=Patrick|date=13 March 2019|newspaper=Bloomberg.com|access-date=6 February 2020}}</ref>


In May 2019, the Edmond de Rothschild Group launched an [[Artificial intelligence|AI]]-powered fund to invest in the [[real estate]] market.<ref>{{Cite web|url=https://www.fnlondon.com/articles/edmond-de-rothschild-turns-to-ai-in-property-investment-20190513|title=Edmond de Rothschild turns to AI in property investment|last=Burke|first=Tim|website=www.fnlondon.com|language=en-GB|access-date=6 February 2020}}</ref> In June 2019, the group raised €375 million for its fourth Africa-focused fund.<ref>{{Cite web|url=https://www.privateequityinternational.com/edmond-de-rothschild-closes-fourth-africa-fund-above-target/|title=Edmond de Rothschild closes fourth Africa fund above target – exclusive|last=Mendoza|first=Carmela|date=9 June 2019|website=Private Equity International|language=en-GB|access-date=6 February 2020}}</ref> The company's shares were delisted from the [[SIX Swiss Exchange|Zurich stock exchange]] on 22 October 2019.<ref>{{Cite web|url=https://www.finews.com/news/english-news/37654-edmond-de-rothschild-benjamin-share-price-dividend-geneva-delisting-going-private|title=Edmond de Rothschild Retreats|date=19 August 2019|website=finews.com|language=en-gb|access-date=6 February 2020}}</ref> In February 2020, the group made its first investment in the Baltics by backing the parking lot operator Parkdema.<ref>{{Cite web|last=staff2020-02-05T01:01:00+00:00|first=I. P. E.|title=Edmond de Rothschild invests in Baltics parking lot operator Parkdema|url=https://realassets.ipe.com/news/edmond-de-rothschild-invests-in-baltics-parking-lot-operator-parkdema/10043613.article|access-date=7 September 2020|website=Real Assets|language=en}}</ref> In October 2020, [[Sergey Bogdanchikov]] filed a lawsuit against Edmond de Rothschild in [[New York City|New York]].<ref>{{Cite web|url=https://www.wealthx.com/intelligence-centre/daily-news/2020/edmond-de-rothschild-hit-with-100-million-fraud-suit-by-ex-rosneft-boss/|title=Edmond De Rothschild Hit With $100 Million Fraud Suit By Ex-Rosneft Boss|date=20 October 2020}}</ref> In 2021, the group launched a $250-million [[Food technology|foodtech]] fund with PeakBridge VC,<ref>{{Cite web|last=Kreutzer|first=Laura|date=2 December 2021|title=Edmond de Rothschild sets up food-tech investment partnership|url=https://www.penews.com/amp/articles/edmond-de-rothschild-sets-up-food-tech-investment-partnership-20211202|access-date=2021-12-21|website=Private Equity News}}</ref> and the Fund-Human Capital focused on companies with the best employee management practices.<ref>{{Cite web|last=Kirakosian|first=Margaryta|date=5 May 2021|title=Edmond de Rothschild unveils 'Human Capital' fund|url=https://citywireselector.com/news/edmond-de-rothschild-unveils-human-capital-fund/a1503751|url-status=live|access-date=2021-10-10|website=citywireselector.com|archive-url=https://web.archive.org/web/20210505105157/https://citywireselector.com/news/edmond-de-rothschild-unveils-human-capital-fund/a1503751 |archive-date=5 May 2021 }}</ref> François Pauly replaced Vincent Taupin as CEO of the group in June 2021.<ref name=":5" /> Edmond de Rothschild announced their investment into the U.K. wealth management business [[Hottinger & Cie|Hottinger Group]] on 26 October 2021. The transaction, subject to the UK regulator's consent, would see the clients and staff of the Bank's U.K. wealth management division transfer to Hottinger. Connected to this transaction, Edmond de Rothschild acquired a 42.5% stake in Hottinger Group.<ref>{{Cite web|url=https://www.finews.com/news/english-news/48479-edmond-de-rothschild-hottinger-london-wealth-management-asset-management-family-office|title=Edmond de Rothschild Partners U.K. Wealth arm}}</ref>
In May 2019, the Edmond de Rothschild Group launched an [[Artificial intelligence|AI]]-powered fund to invest in the [[real estate]] market.<ref>{{Cite web|url=https://www.fnlondon.com/articles/edmond-de-rothschild-turns-to-ai-in-property-investment-20190513|title=Edmond de Rothschild turns to AI in property investment|last=Burke|first=Tim|website=www.fnlondon.com|language=en-GB|access-date=6 February 2020}}</ref> In June 2019, the group raised €375 million for its fourth Africa-focused fund.<ref>{{Cite web|url=https://www.privateequityinternational.com/edmond-de-rothschild-closes-fourth-africa-fund-above-target/|title=Edmond de Rothschild closes fourth Africa fund above target – exclusive|last=Mendoza|first=Carmela|date=9 June 2019|website=Private Equity International|language=en-GB|access-date=6 February 2020}}</ref> The company's shares were delisted from the [[SIX Swiss Exchange|Zurich stock exchange]] on 22 October 2019.<ref>{{Cite web|url=https://www.finews.com/news/english-news/37654-edmond-de-rothschild-benjamin-share-price-dividend-geneva-delisting-going-private|title=Edmond de Rothschild Retreats|date=19 August 2019|website=finews.com|language=en-gb|access-date=6 February 2020}}</ref> In February 2020, the group made its first investment in the Baltics by backing the parking lot operator Parkdema.<ref>{{Cite web|last=staff2020-02-05T01:01:00+00:00|first=I. P. E.|title=Edmond de Rothschild invests in Baltics parking lot operator Parkdema|url=https://realassets.ipe.com/news/edmond-de-rothschild-invests-in-baltics-parking-lot-operator-parkdema/10043613.article|access-date=7 September 2020|website=Real Assets|language=en}}</ref> In October 2020, [[Sergey Bogdanchikov]] filed a lawsuit against Edmond de Rothschild in [[New York City|New York]].<ref>{{Cite web|url=https://www.wealthx.com/intelligence-centre/daily-news/2020/edmond-de-rothschild-hit-with-100-million-fraud-suit-by-ex-rosneft-boss/|title=Edmond De Rothschild Hit With $100 Million Fraud Suit By Ex-Rosneft Boss|date=20 October 2020}}</ref> In 2021, the group launched a $250-million [[Food technology|foodtech]] fund with PeakBridge VC,<ref>{{Cite web|last=Kreutzer|first=Laura|date=2 December 2021|title=Edmond de Rothschild sets up food-tech investment partnership|url=https://www.penews.com/amp/articles/edmond-de-rothschild-sets-up-food-tech-investment-partnership-20211202|access-date=2021-12-21|website=Private Equity News}}</ref> and the Fund-Human Capital focused on companies with the best employee management practices.<ref>{{Cite web|last=Kirakosian|first=Margaryta|date=5 May 2021|title=Edmond de Rothschild unveils 'Human Capital' fund|url=https://citywireselector.com/news/edmond-de-rothschild-unveils-human-capital-fund/a1503751|url-status=live|access-date=2021-10-10|website=citywireselector.com|archive-url=https://web.archive.org/web/20210505105157/https://citywireselector.com/news/edmond-de-rothschild-unveils-human-capital-fund/a1503751 |archive-date=5 May 2021 }}</ref> François Pauly replaced Vincent Taupin as CEO of the group in June 2021.<ref name=":5" /> Edmond de Rothschild announced their investment into the U.K. wealth management business [[Hottinger & Cie|Hottinger Group]] on 26 October 2021. The transaction, subject to the UK regulator's consent, would see the clients and staff of the Bank's U.K. wealth management division transfer to Hottinger. Connected to this transaction, Edmond de Rothschild acquired a 42.5% stake in Hottinger Group.<ref>{{Cite web|url=https://www.finews.com/news/english-news/48479-edmond-de-rothschild-hottinger-london-wealth-management-asset-management-family-office|title=Edmond de Rothschild Partners U.K. Wealth arm}}</ref>

Revision as of 13:51, 26 September 2022

Edmond de Rothschild Group
FormerlyCompagnie Financière Edmond de Rothschild
IndustryFinancial services
Founded1953
FounderEdmond de Rothschild
HeadquartersGeneva, Switzerland
Area served
Worldwide
Key people
Ariane de Rothschild (President)
François Pauly (CEO)
AUMIncrease 168 billion CHF (2020)[1]
Number of employees
2,700 (2020)
Websitewww.edmond-de-rothschild.com

The Edmond de Rothschild Group is a financial institution specialized in private banking and asset management. Based in Geneva, the group is family-owned and independent, and encompasses the Edmond de Rothschild Foundations (philanthropic arm), the lifestyle brand Edmond de Rothschild Heritage (fine wine and cheese, luxury hotels and restaurants), and sponsors the Gitana Team (professional sailing team).

The group was founded in Paris in 1953 by Edmond de Rothschild as La Compagnie Financière (LCF) Edmond de Rothschild. After opening branches in Geneva and Luxembourg, the LCF launched the first fund of funds in 1969. In 1997, Benjamin and Ariane de Rothschild took over the governance of the company, which was reorganized and renamed Edmond de Rothschild Group in 2010.

In 2020, the group had 2,700 employees, 32 offices in 15 countries, and managed CHF 168 billion worth of assets. Ariane de Rothschild has been President of the board since April 2019,[2] and François Pauly CEO since June 2021.[3]

History

1953-1997: Edmond de Rothschild era

See also: Edmond Adolphe de Rothschild

In 1953, Edmond de Rothschild founded La Compagnie Financière (LCF) Edmond de Rothschild in Paris. He launched the Geneva-based private banking practice Banque Privée Edmond de Rothschild in 1965 and the branch in Luxembourg three years later.[4]

In 1969, LCF Edmond de Rothschild introduced a new investment model, the fund of funds (FOF) management.[5] In 1970, LCF Edmond de Rothschild was delivered a French banking licence.[6] In 1973, LCF Edmond de Rothschild bought the Bank of California, and sold it back to Mitsubishi Bank in 1985 for thrice its acquisition price.[7] In 1973, Edmond de Rothschild purchased the vineyard Château Clarke, appellation Listrac-Médoc, the first wine of the Edmond de Rothschild Heritage collection.[8] In 1982, when David de Rothschild launched Paris-Orléans Gestion (Rothschild & Co), LCF Edmond de Rothschild took a 10% stake in the new structure.[7]

In 1989, Benjamin de Rothschild, son of Edmond de Rothschild, founded the Compagnie de Trésorerie to offer advanced financial risk management services.[4] In 1992, LCF Edmond de Rothschild managed assets worth $2 billion,[7] and opened an office in Hong Kong.[9]

Since 1997: Benjamin and Ariane de Rothschild era

See also: Benjamin de Rothschild and Ariane de Rothschild

Following the death of his father in 1997, Benjamin de Rothschild became the president of La Compagnie Financière Edmond de Rothschild.[7][10]

In 1999, in Canada, in association with the Banque Laurentienne, LCF created the financial company BLC—Edmond de Rothschild Gestion d'Actifs Inc., which eventually led to the creation of B2B Banque.[11] In 2001, LCF launched its first online banking website.[12] In 2002, LCF launched the private equity structure Capital Partners.[13] In 2006, LCF and Nikko Cordial Securities launched LCF Edmond de Rothschild Nikko Cordial, the first fully-fledged family office in Japan.[14] In March 2008, LCF Edmond de Rothschild became the first foreign bank in China to own a share of a Chinese mutual fund manager when it bought 15% of Zhonghai Fund Management,[15] and increased its participation to 25% in 2011.[16] From 2000 to 2010, LCF Edmond de Rothschild opened 7 regional offices in France.[17]

In 2009, Ariane de Rothschild became the vice-president of LCF Edmond-de-Rothschild.[4] In 2010, La Compagnie Financière Edmond de Rothschild (LCF) changed its name to Edmond de Rothschild Group.[18] In 2011, the group joined the UNEP FI program.[19]

In 2011, the group opened an office in Dubai to develop its activities in the Middle East[20] and became a member of the United Nations Global Compact.[21] In 2013, it announced its plan to open a new office in London.[22] In June 2014, the group raised a $530 million fund targeting investments in Africa.[23] In 2014, All of the company's financial and non-financial assets were reorganized within the group's structure.[24]

In 2015, Ariane de Rothschild was named CEO of the Edmond de Rothschild Group.[25] She was the first woman to run a Rothschild-branded financial institution,[26] and was nominated to give the company a new impetus.[27] Still in 2015, the group published a sustainability report for the first time[28] and launched the Fund Big Data.[29] That same year, it agreed to a fine of $45.4 million to avoid prosecution for allegedly helping U.S. clients evade taxes.[30] In 2017, the Luxembourg authorities fined the group $10.1 million for its handling of funds in the Malaysian investment fund 1MDB.[31] In February 2018, the group raised a €345 million fund to invest in biotech and medical devices.[32] In March 2019, the company removed Edmond de Rothschild (Switzerland) S.A. from public trading, making it 100% private. Ariane de Rothschild took chairmanship of the board, and Vincent Taupin was named CEO of the group. The French business entities were folded into the Swiss company to simplify the group's organigram.[2]

In May 2019, the Edmond de Rothschild Group launched an AI-powered fund to invest in the real estate market.[33] In June 2019, the group raised €375 million for its fourth Africa-focused fund.[34] The company's shares were delisted from the Zurich stock exchange on 22 October 2019.[35] In February 2020, the group made its first investment in the Baltics by backing the parking lot operator Parkdema.[36] In October 2020, Sergey Bogdanchikov filed a lawsuit against Edmond de Rothschild in New York.[37] In 2021, the group launched a $250-million foodtech fund with PeakBridge VC,[38] and the Fund-Human Capital focused on companies with the best employee management practices.[39] François Pauly replaced Vincent Taupin as CEO of the group in June 2021.[3] Edmond de Rothschild announced their investment into the U.K. wealth management business Hottinger Group on 26 October 2021. The transaction, subject to the UK regulator's consent, would see the clients and staff of the Bank's U.K. wealth management division transfer to Hottinger. Connected to this transaction, Edmond de Rothschild acquired a 42.5% stake in Hottinger Group.[40]

Description

The Edmond de Rothschild Group is a conviction-driven investment house. In 2020, the Group had 2,700 employees, 32 offices in 15 countries and 3 international management centers (Geneva, Luxembourg, Paris). The Group managed CHF 168 billion worth of assets and recorded a solvency ratio of 20.8%.[41] The Edmond de Rothschild Group provides the following services:

Other activities

Foundation (philanthropy)

See also: Edmond de Rothschild Foundation

The Edmond de Rothschild Foundations follow the philanthropic tradition of the Rothschild family. The entity is an international network of 10 foundations active in the fields of art and culture, health and research, philanthropy, cultural dialogue and social entrepreneurship.[42]

Firoz Ladak is the CEO of the Foundations since 2005.[43]

Heritage (lifestyle)

See also: Edmond de Rothschild Heritage

The lifestyle assets managed by the Edmond de Rothschild Group are gathered under the label Edmond de Rothschild Heritage. Those assets include:[44]

Gitana Team (sailing)

Gitana 16

The sailing tradition of the family dates back to 1879 when the baroness Julie Caroline de Rothschild passed the 20-knot milestone with her motorboat Getana, followed by 26-knot record with the Gitana II 25 years later. In the 1960s, baron Edmond de Rothschild launched the Gitana III, a monohull sailboat. The Gitana IV won the 1965 Fastnet Race.[46]

In 2000, Benjamin de Rothschild purchased the 62-foot-long (19 m) Elf Aquitaine and founded the professional sailing team Gitana Team. The Gitana VII won the Route du Rhum 2006.[46] On 17 July 2017, the 32×23-meter Maxi Edmond de Rothschild (Gitana 17) was introduced, the offshore racing's first maxi-multihull designed to fly in the open ocean.[47][48]

Governance

Presidents

Executive committee

  • François Pauly (CEO)[3]
  • Cynthia Tobiano (Deputy CEO)
  • Christophe Caspar (Head of Group's Asset Management)
  • Sabine Rabald (COO)
  • Jean-Christophe Pernollet (Chief Risk Officer / Chief Legal & Compliance Officer)
  • Diego Gaspari (Head of Human Resources)
  • Robert Jenkins (Chief Brand and Marketing Officer)
  • Pierre-Etienne Durand (Head of Strategy)

See also

References

  1. ^ "Annual Report 2019" (PDF). Edmond De Rothschild (Suisse) S.A. Retrieved 29 March 2021.
  2. ^ a b Torsoli, Albertina; Winters, Patrick (13 March 2019). "Rothschild Baroness Plots Swiss Private Bank Expansion After Bid". Bloomberg.com. Retrieved 6 February 2020.
  3. ^ a b c Kirakosian, Margaryta (7 June 2021). "Edmond de Rothschild group names new CEO". citywireselector.com. Archived from the original on 7 June 2021. Retrieved 10 October 2021.
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External links

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