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Edmond de Rothschild Group

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Edmond de Rothschild Group
IndustryFinancial services
Founded1953
FounderEdmond Adolphe de Rothschild (1926-1997)
HeadquartersGeneva
Key people
Benjamin de Rothschild
Ariane de Rothschild
SubsidiariesBanque Privée Edmond de Rothschild
Compagnie Financière Edmond de Rothschild
Websitewww.edmond-de-rothschild.com

The Edmond de Rothschild Group is an international, family-owned and independent financial group, specialised in private banking, asset management, private equity, corporate finance and funds administration.[1][2]

History

In 1953, Edmond de Rothschild set up the Compagnie Financière Edmond de Rothschild in Paris. This laid the groundwork for the international group through the acquisition of the Geneva-based private banking practice in 1965 and the opening of a branch in Luxembourg three years later.

In 1989, his 23-year-old son, Benjamin de Rothschild, founded the Compagnie de Trésorerie to offer advanced financial risk management services. Following the death of his father in 1997, Benjamin de Rothschild became president of the Group.[3]

Ariane de Rothschild, his wife, was appointed vice-president[4] of the Group in 2009, and was nominated chief executive of Group in January 2015.

In 2010, the LCF Rothschild[5] (La Compagnie financière) group changed its name to Edmond de Rothschild as a tribute to its founder. According to Benjamin de Rothschild,[6][7] "the Edmond de Rothschild group gathered all its banking and non-banking activities under the new heading to clarify and strengthen the Group's identity".

Structure

Edmond de Rothschild Holding S.A., the parent holding of the financial group controlled by Benjamin de Rothschild, holds:[8]

  • 77% of Edmond de Rothschild's (Switzerland) capital, the parent company of the Swiss group. The shares of the Bank are listed on the Swiss Stock-exchange.
  • 97% of Edmond de Rothschild S.A., the parent company of the French group which groups together Edmond de Rothschild (France) and Cogifrance (Compagnie Générale Immobilière de France).

Key figures

As of June 30, 2015, the Edmond de Rothschild Group employs 2700 people, is present in 33 countries and operates through 6 international management groups (Frankfurt, Geneva, Hong Kong, Luxembourg, Paris) with CHF 163bn managed assets (€150bn), 47% of which comes from the Private Banking business and 53% from Asset Management.[9]

Businesses

The Group's core business, private banking, offers a wide range of bespoke solutions aimed at private clients and entrepreneurs, in a spirit of innovation and excellence.[10][11]

Asset Management is the second strategic pillar of Edmond de Rothschild Group's activities. Financial services are offered through management mandates available in 14 countries.[12][13]

In parallel to asset management, the Group provides a diverse set of high-value added services in funds administration and asset servicing (funds structuring, management operations, central administration, custodian banking, domiciliation, private equity and real estate).[14]

Corporate Finance is a historical activity of the Group, supporting shareholders with discretion and independence in their day-to-day portfolio management (mergers & acquisitions, high value operations, financial engineering, and strategic counsel in real estate).[15]

The Edmond de Rothschild Group deploys its investment projects with a long-term perspective and transparent governance. This guarantees that investors' and partners' interests are aligned.[16][17]

Socially responsible investments

In 2015, the Group invested in more than EUR 3,5bn in socially responsible investments.[18] These investments included investment funds for biotechnologies, decontamination, agroforestry and Africa.[19]

Between 2014 and 2015, Amethis Finance (a private investment fund dedicated to responsible investments in Africa, of which Edmond de Rothschild is the majority shareholder[20]) raised 400 million dollars in equity and debt, within the banking, insurance and micro-finance sectors (in Ghana,[21] in Kenya,[22] in the Ivory Coast,[23] Madagascar[24] and Mauritius[25]), health (in the Ivory Coast and Marocco[26]) and food distribution.[27]

The Edmond de Rothschild group also launched the Moringa Fund, the first fund of its kind to be dedicated to sustainable agroforestry, with 67 million EUR assets under management. The fund generated 8000 jobs, 45 000 collaborations with small farmers and 40 000 reforested hectares.[28][29]

The Group also launched Ginko, a private fund dedicated to the remediation of contaminated and industrial wastelands, with 81 million EUR under management in 7 projects across France and Belgium.[30] The fund led to the construction of 300 housing units and 5000 jobs.[31][32]

Other group activities

Ariane and Benjamin de Rothschild both advanced entrepreneurial activities through investments in wineries in Bordeaux (Château Clarke, Château Malmaison, Château des Laurets), in South Africa with Ruppert family and in Argentina. The Group also owns the Domaine du Mont d'Arbois in Megève, as well as a farming business, le Domaine des Trente Arpents in Tournan in Brie. Benjamin de Rothschild also owns the French structure of the Gitana Team sailing race, which was created in 2000.[33]

Philanthropic activities

The Edmond de Rothschild Foundations centre on the dignity and empowerment of each individual. Their focus areas are education, arts and culture, social entrepreneurship, cross-cultural dialogue and health research.

Education is at the heart of Edmond de Rothschild Group's philanthropic commitments. Since 2008, Benjamin de Rothschild has contributioned to numerous universities in the world (Columbia in New York, Cambridge in the UK, Boulle in Paris, Hebrew University of Jerusalem). The family foundations have also developed social entrepreneurship programmes, such as Scale Up, Rothschild-Antropia at l'Essec,[34] and the Ariane de Rothschild Fellowship which aims to create a transatlantic network of social innovators.

Group governance

  • Presidency : Benjamin de Rothschild (since 1997)
  • Vice-presidency : Ariane de Rothschild (since 2009)

Executive Committee

  • Ariane de Rothschild : Chair of the Executive Committee
  • Yves Aeschlimann : Group Head of Legal and Compliance
  • Emmanuel Fievet : CEO Edmond de Rothschild (Suisse) S.A.
  • Jean-Christophe Pernollet : Group Chief of Risk & Credit
  • Vincent Taupin : CEO Edmond de Rothschild (France)
  • Roderick Munsters: CEO Edmond de Rothschild Asset Management[35]
  • Cynthia Tobiano : Group Chief Financial Officer
  • Emanuela Bonadiman : Group Head of Human Resources
  • Pierre-Etienne Durand : Group Head of Strategy and International Development
  • Robert Jenkins: Chief brand and marketing officer[36]
  • Sabine Rabald : Group Chief Operating Officer

Finance

Non-finance

Foundation

References

  1. ^ "Groupe Edmond de Rothschild | Edmond de Rothschild". www.edmond-de-rothschild.com. Retrieved 2016-04-01.
  2. ^ Fair, Vanity. "Rothschild contre Rothschild : comment Ariane a changé la famille". Vanity Fair. Retrieved 2016-04-01.
  3. ^ "La finance perd un Rothschild très discret. Le banquier Edmond est mort hier. Son fils Benjamin lui succède". Libération.fr. Retrieved 2016-04-01.
  4. ^ "Wikiwix's cache" (PDF). archive.wikiwix.com. Retrieved 2016-04-01. {{cite web}}: Cite uses generic title (help)
  5. ^ "Wikiwix's cache" (PDF). archive.wikiwix.com. Retrieved 2016-04-01. {{cite web}}: Cite uses generic title (help)
  6. ^ "Edmond de Rothschild : une identité commune pour renforcer la visibilité du groupe". www.boursier.com. Retrieved 2016-04-01.
  7. ^ "Le groupe Edmond de Rothschild unifie ses marques - Actualités Asset Management". L'AGEFI. Retrieved 2016-04-01.
  8. ^ "Wikiwix's cache" (PDF). archive.wikiwix.com. Retrieved 2016-04-01. {{cite web}}: Cite uses generic title (help)
  9. ^ "Wikiwix's cache" (PDF). archive.wikiwix.com. Retrieved 2016-04-01. {{cite web}}: Cite uses generic title (help)
  10. ^ "Wallfinance.com - Edmond de Rothschild". Wallfinance. Retrieved 2016-04-01.
  11. ^ "Edmond de Rothschild". JobTeaser. Retrieved 2016-04-01.
  12. ^ "Edmond de Rothschild AM passe la barre des 50 milliards d'euros sous gestion". Boursorama. Retrieved 2016-04-01.
  13. ^ "Du nouveau chez Edmond de Rothschild Asset Management - 538839 - Actualités - Sicavonline". www.sicavonline.fr. Retrieved 2016-04-01.
  14. ^ SA., Europages édité par EUROPAGES. "BANQUE PRIVÉE EDMOND DE ROTHSCHILD EUROPE, Banques,administration de fond de placement,gestion de fortune, sur EUROPAGES". www.europages.fr. Retrieved 2016-04-01.
  15. ^ "Fusions & Acquisitions - France - Edmond De Rothschild Corporate Finance". www.leadersleague.com. Retrieved 2016-04-01.
  16. ^ "Edmond de Rothschild Private Equity prépare une vague de levées de fonds - Actualités Financements & Marchés". L'AGEFI. Retrieved 2016-04-01.
  17. ^ "Edmond de Rothschild lance son premier fonds de fonds de private equity : Quadrant". Le Figaro Bourse. Retrieved 2016-04-01.
  18. ^ "Edmond de Rothschild Euro Sustainable Growth". L'Agefi Actifs. Retrieved 2016-04-01.
  19. ^ "L'ISR, un moteur de performance sur le long terme". L'Agefi Actifs. Retrieved 2016-04-01.
  20. ^ "Edmond de Rothschild Private Equity | Amethis Finance". www.amethisfinance.com. Retrieved 2016-04-01.
  21. ^ "Amethis Finance To Acquire Stake In Fidelity Bank". Modern Ghana. Retrieved 2016-04-01.
  22. ^ "Amethis Finance invests $10.5 m in Chase Bank Kenya | Chase Bank". www.chasebankkenya.co.ke. Retrieved 2016-04-01.
  23. ^ "Côte d'Ivoire - Bancassurance : pourquoi NSIA s'est-elle alliée au duo Amethis-BNC ?". Le Point Afrique (in French). Retrieved 2016-04-01.
  24. ^ "Amethis Makes $19mln Investment In Ciel Finance | Africa Capital Digest". africacapitaldigest.com. Retrieved 2016-04-01.
  25. ^ "PARTENARIAT  : Amethis Finance entre dans le capital de CIEL Finance | Le Mauricien". www.lemauricien.com. Retrieved 2016-04-01.
  26. ^ "Saham cède le groupe de cliniques ivoirien HMAO - JeuneAfrique.com". JeuneAfrique.com (in French). Retrieved 2016-04-01.
  27. ^ "Yasser Ezzedine (CDCI) : "En Côte d'Ivoire, seulement 15 % à 25 % des besoins alimentaires sont couverts par la distribution..." JeuneAfrique.com (in French). Retrieved 2016-04-01.
  28. ^ Martin, Joseph. "Congrès forestier mondial : un partenariat aux objectifs ambitieux". RSE Magazine. Retrieved 2016-04-01.
  29. ^ "Création du fonds Moringa" (PDF).
  30. ^ "Soyons optimistes : la finance n'est pas qu'irresponsable - Tendances Eco". Tendances Eco (in French). Retrieved 2016-04-01.
  31. ^ "Le fonds Gingko démarre la valorisation immobilière de sept friches industrielles". lesechos.fr. Retrieved 2016-04-01.
  32. ^ "Edmond de Rothschild Private Equity prépare une vague de levées de fonds - Actualités Financements & Marchés". L'AGEFI. Retrieved 2016-04-01.
  33. ^ "BYM Sailing & Sports News". bymnews.com. Retrieved 2016-04-01.
  34. ^ "Scale Up | Antropia". antropia.essec.fr. Retrieved 2016-04-01.
  35. ^ Editorial (2016-05-13). "Roderick Munsters joins Edmond de Rothschild as CEO - Finbuzz". Finbuzz. Retrieved 2016-11-28.
  36. ^ "MOVES- Lyxor, Perella Weinberg Partners, Edmond De Rothschild Group". Reuters. 2016-10-06. Retrieved 2016-10-20.
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