Edmond de Rothschild Group


The Edmond de Rothschild Group is a financial institution specialized in private banking and asset management. The group was founded in 1953 by Edmond de Rothschild. Benjamin de Rothschild is President of the board of Edmond de Rothschild Holding S.A. and Ariane de Rothschild President of the board of Edmond de Rothschild S.A. Switzerland since April 2019.
Based in Geneva, the Edmond de Rothschild Group is family-owned and independent. It has 2,700 employees, 32 offices in 15 countries, and manages 169 billion euros worth of assets. The group also includes the Edmond de Rothschild Foundations, the lifestyle label Edmond de Rothschild Heritage, and sponsors the Gitana Team.

History

1953-1997: Edmond de Rothschild era

In 1953, Edmond de Rothschild founded La Compagnie Financière 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.
In 1969, LCF Edmond de Rothschild introduced a new investment model, the fund of funds management. In 1970, LCF Edmond de Rothschild was delivered a French banking licence. 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. In 1973, Edmond de Rothschild purchased the vineyard Château Clarke, appellation Listrac-Medoc, the first wine of the Edmond de Rothschild Heritage collection. In 1982, when David de Rothschild launched Paris-Orléans Gestion, LCF Edmond de Rothschild took a 10% stake in the new structure.
In 1989, Benjamin de Rothschild, son of Edmond de Rothschild, founded the Compagnie de Trésorerie to offer advanced financial risk management services. In 1992, LCF Edmond de Rothschild managed assets worth $2 billion, and opened an office in Hong Kong.

Since 1997: Benjamin and Ariane de Rothschild era

Following the death of his father in 1997, Benjamin de Rothschild became the president of La Compagnie Financière Edmond de Rothschild.
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. In 2001, LCF launched its first online banking website. In 2002, LCF launched the private equity structure Capital Partners. In 2006, LCF and Nikko Cordial Securities launched LCF Edmond de Rothschild Nikko Cordial, the first fully-fledged family office in Japan. 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, and increased its participation to 25% in 2011. From 2000 to 2010, LCF Edmond de Rothschild opened 7 regional offices in France.
In 2009, Ariane de Rothschild became the Vice-President of LCF Edmond-de-Rothschild. In 2010, La Compagnie Financière Edmond de Rothschild changed its name to Edmond de Rothschild Group. In 2011, EdR joined the UNEPFI program.
In 2011, the group opened an office in Dubai to develop its activities in the Middle East. In 2013, it announced its plan to open a new office in London. In June 2014, the group raised a 530 million dollars fund targeting investments in Africa. In 2014, All of the company's financial and non-financial assets were reorganized within the group'.s structure.
In 2015, Ariane de Rothschild became CEO of the Edmond de Rothschild Group. She is the first woman to run a Rothschild business, and was nominated to give the company a new impetus. In 2015, the group published a sustainability report for the first time. In February 2018, Edmond de Rothschild raised a 345 million euros fund dedicated to the biotech and medical devices industry.
A criminal probe into the activities of the Rothschild bank was opened by the Swiss authorities in 2016.
In March 2019, the company removed Edmond de Rothschild S.A. from public trading, making it 100% privately-held. Ariane de Rothschild became Chairman 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.
In May 2019, EdR launched an AI-powered fund targeting the real estate market. In June 2019, the group raised 375 million euros for its fourth Africa-focused fund. The company's share was delisted from the Zurich stock exchange on 22 October 2019.

Description

The Edmond de Rothschild Group is a conviction-driven investment house. In 2018, the Group had 2,700 employees, 32 offices in 15 countries and 3 international management centers. The Group managed 169 billion euros worth of assets and recorded a solvency ratio of 20.8%. The Edmond de Rothschild Group provides the following services:

Foundation (philanthropy)

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.
Firoz Ladak is the CEO of the Foundations since 2005.

Heritage (lifestyle)

The lifestyle assets managed by the Edmond de Rothschild Group are gathered under the label Edmond de Rothschild Heritage. Those assets include:
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.
In 2000, Benjamin de Rothschild purchased the 62-foot long Elf Aquitaine and founded the professional sailing team Gitana Team. The Gitana VII won the Route du Rhum 2006. On 17 July 2017, the 32x23-meter Maxi Edmond de Rothschild was introduced, the offshore racing’s first maxi-multihull designed to fly in the open ocean.

Governance

Presidents