Edmond de Rothschild Group facts for kids
 |
|
|
Formerly
|
Compagnie Financière Edmond de Rothschild |
|---|---|
| Industry | Financial services |
| Founded | 1953 |
| Founder | Edmond de Rothschild |
| Headquarters | Geneva, Switzerland |
|
Area served
|
Worldwide |
|
Key people
|
Ariane de Rothschild (CEO) Cynthia Tobiano (Deputy CEO) |
| AUM |  184 billion CHF (2024) |
|
Number of employees
|
2,700 (2024) |
The Edmond de Rothschild Group is a financial company based in Geneva, Switzerland. It is owned by the Rothschild family. The group helps people manage their money through services like private banking and asset management.
Beyond banking, the group also includes the Edmond de Rothschild Foundations, which do charity work. They also have a lifestyle brand called Edmond de Rothschild Heritage, known for fine wines, cheeses, and luxury hotels. The group even supports a professional sailing team, the Gitana Team.
In 2024, the company managed about 184 billion Swiss Francs (CHF) for its clients. It had 2,700 employees and offices in 14 countries. Ariane de Rothschild has been the CEO since March 2023, with Cynthia Tobiano as Deputy CEO.
Contents
History of the Group
Early Years (1953-1997)
The company was started in Paris in 1953 by Edmond Adolphe de Rothschild. It was first called La Compagnie Financière (LCF) Edmond de Rothschild. In 1965, a private banking branch opened in Geneva. Another branch opened in Luxembourg three years later.
In 1969, LCF Edmond de Rothschild introduced a new way to invest called "fund of funds" (FOF). This means investing in many different funds at once. The company bought the Bank of California in 1973 and later sold it for a good profit. Also in 1973, Edmond de Rothschild bought the Château Clarke vineyard. This was the start of the Edmond de Rothschild Heritage collection of wines.
In 1989, Benjamin de Rothschild, Edmond's son, created a company to help manage financial risks. By 1992, LCF Edmond de Rothschild managed $2 billion and opened an office in Hong Kong.
New Leadership (1997-2021)
After his father passed away in 1997, Benjamin de Rothschild became the president. In 2001, LCF launched its first online banking website. The Edmond de Rothschild Foundations were started in 2005 to bring together the group's charity work.
In 2008, LCF Edmond de Rothschild became the first foreign bank to own a share of a Chinese fund manager. Between 2000 and 2010, the company opened seven new offices in France.
In 2009, Ariane de Rothschild became the vice-president. In 2010, the company changed its name to Edmond de Rothschild Group. The group joined the United Nations Global Compact in 2011, showing its commitment to good business practices. They also opened an office in Dubai to grow in the Middle East.
In 2015, Ariane de Rothschild became the CEO of the group. She was the first woman to lead a Rothschild financial company. The group also published its first report on how it helps the environment and society. In 2019, the company became fully private, meaning its shares were no longer traded on the stock market. Ariane de Rothschild became the chairperson of the board.
Recent Developments (Since 2021)
In January 2021, Benjamin de Rothschild passed away. Ariane de Rothschild became the main owner of the Edmond de Rothschild Group. She continued the plans for the group's future that she and her husband had started.
In 2021, the group launched a fund to invest in "foodtech" (new food technologies). They also partnered with a wealth management firm in the UK called Hottinger Group. In March 2023, Ariane de Rothschild took on the role of CEO of the group.
What the Group Does
The Edmond de Rothschild Group is an investment company that believes in strong ideas. In 2024, the group had 2,700 employees and 28 offices in 14 countries. They have three main management centers in Geneva, Luxembourg, and Paris.
The group offers several important services:
- Private banking: Helping wealthy people manage their money.
- Asset management: Investing money for individuals and companies.
- Real estate: Investing in properties and land.
- Private equity: Investing directly in companies.
- Corporate finance: Helping companies with big financial decisions.
- Funds management: Creating and managing investment funds.
Other Activities
Edmond de Rothschild Heritage
This part of the group manages lifestyle businesses. It includes:
- Wines: They own several vineyards like Château Clarke, Château des Laurets, and Flechas de los Andes. They also have a share in Château Lafite Rothschild.
- Restaurants: They run restaurants such as 1920 and Kaïto.
- Hotels: They own hotels like Châlet du Mont d'Arbois and the Four Seasons Hotel Megève.
- Gourmet Foods: They produce special foods like Brie de Meaux cheese, honey, and olive oil.
Edmond de Rothschild Foundations
These foundations continue the Rothschild family's tradition of giving back. They are a group of 10 foundations around the world. They support projects in art, culture, health, research, and social good.
Gitana Team
This is a professional sailing team. It was created by Benjamin de Rothschild in 2001. The team competes in major sailing races around the world.
Leadership
Presidents of the Group
- Since 2019: Ariane de Rothschild
- 1997–2019: Benjamin de Rothschild
- 1953–1997: Edmond de Rothschild
Executive Committee
This is the team that helps run the group day-to-day:
- Ariane de Rothschild (CEO)
- Cynthia Tobiano (Deputy CEO)
- Benoit Barbereau (Chief Operating Officer)
- Christophe Caspar (Head of Asset Management)
- Philippe Cieutat (Chief Financial Officer)
- Pierre-Étienne Durand (Head of Strategy)
- Diego Gaspari (Head of Human Resources)
- Hervé Ordioni (Head of Private Banking)
- Jean-Christophe Pernollet (Chief Risk / Legal / Compliance Officer)
See also
- Edmond Adolphe de Rothschild
- Benjamin de Rothschild
- Ariane de Rothschild
- Rothschild family
- Banking in Switzerland
