Edmond de Rothschild Group facts for kids
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Formerly
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Compagnie Financière Edmond de Rothschild |
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| Industry | Financial services |
| Founded | 1953 |
| Founder | Edmond de Rothschild |
| Headquarters | Geneva, Switzerland |
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Area served
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Worldwide |
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Key people
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Ariane de Rothschild (CEO) Cynthia Tobiano (Deputy CEO) |
| AUM |  158 billion CHF (2022) |
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Number of employees
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2,500 (2022) |
The Edmond de Rothschild Group is a financial company. It helps people and businesses manage and invest their money. The group is based in Geneva, Switzerland. It is owned by the Rothschild family.
Besides finance, the group also has other interesting parts. These include the Edmond de Rothschild Foundations, which do good work for charity. They also own Edmond de Rothschild Heritage, which makes fine wine and cheese. This part also owns luxury hotels and restaurants. The group even sponsors the Gitana Team, a professional sailing team!
The company was started in Paris in 1953. It was founded by Edmond de Rothschild. Its first name was La Compagnie Financière (LCF) Edmond de Rothschild. Later, it opened offices in Geneva and Luxembourg. In 1969, LCF started a new way of investing money.
In 1997, Benjamin and Ariane de Rothschild took over the company. They made many changes. In 2010, the company was renamed Edmond de Rothschild Group. By 2022, the group managed about 158 billion Swiss Francs. It had 2,500 employees. They worked in 29 offices across 14 countries. Ariane de Rothschild became the CEO in March 2023. Cynthia Tobiano is the Deputy CEO.
Contents
History of the Group
Early Years (1953-1997)
In 1953, Edmond de Rothschild started La Compagnie Financière (LCF) Edmond de Rothschild. This was in Paris, France. In 1965, he opened a private bank in Geneva. Three years later, another office opened in Luxembourg.
In 1969, LCF Edmond de Rothschild created a new way to manage investments. In 1970, they received a special banking license in France. Edmond de Rothschild also bought a vineyard called Château Clarke in 1973. This was the start of their wine collection. In 1989, Benjamin de Rothschild, Edmond's son, started a company to help with financial risks. By 1992, LCF Edmond de Rothschild managed $2 billion. They also 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. In 2005, Benjamin and Ariane de Rothschild started the Edmond de Rothschild Foundations. These foundations bring together all the group's charity work.
In 2009, Ariane de Rothschild became the vice-president of LCF Edmond-de-Rothschild. In 2010, the company changed its name to Edmond de Rothschild Group. The group joined programs that promote responsible business practices. In 2011, they opened an office in Dubai. This helped them grow in the Middle East. They also planned to open an office in London in 2013.
In 2015, Ariane de Rothschild was named CEO of the group. She was the first woman to lead a Rothschild financial company. She aimed to bring new energy to the company. In 2016, the group's non-financial businesses became Edmond de Rothschild Heritage. In 2018, the group raised money to invest in medical technology. In 2019, the company became fully private. Ariane de Rothschild became the chairperson of the board.
In 2019, the group launched a special fund using AI. This fund invests in real estate. They also raised money for investments in Africa.
Recent Years (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.
In 2021, the group started a fund for foodtech companies. They also focused on companies that treat their employees well. In March 2023, Ariane de Rothschild became the CEO of the group.
What the Group Does
The Edmond de Rothschild Group is an investment company. In 2022, it had 2,500 employees. They worked in 29 offices across 14 countries. The group has three main centers in Geneva, Luxembourg, and Paris. They managed 158 billion Swiss Francs in assets.
The group offers several important services:
- Private banking: Helping wealthy people manage their money.
- Asset management: Helping people and companies invest their money.
- Real estate: Investing in properties and land.
- Private equity: Investing directly in private companies.
- Corporate finance: Helping companies with big financial decisions.
- Funds management: Managing different types of investment funds.
Other Activities
The Edmond de Rothschild Group has many interesting activities beyond finance:
- Edmond de Rothschild Heritage: This part of the group manages lifestyle businesses. It includes famous wines like Château Clarke and Champagne Barons de Rothschild. They also own restaurants and hotels, like the Four Seasons Hotel Megève. They even produce gourmet foods like Brie cheese and honey.
- Edmond de Rothschild Foundations: These foundations continue the Rothschild family's tradition of giving back. They are a network of 10 foundations around the world. They support art, culture, health, research, and social projects.
- Gitana Team: This is a professional sailing team. It was created by Benjamin de Rothschild in 2001.
Leaders of the Group
Presidents
- Since 2019: Ariane de Rothschild
- 1997–2019: Benjamin de Rothschild
- 1953–1997: Edmond de Rothschild
Main Leaders
- Ariane de Rothschild (CEO)
- Cynthia Tobiano (Deputy CEO)
See also
- Edmond Adolphe de Rothschild
- Benjamin de Rothschild
- Ariane de Rothschild
- Rothschild family
- Banking in Switzerland
