News

2011 featured a tough economic and stockmarket environment. It also brought continuing pressure on banking secrecy and heavier regulation of wealth management that drove up operating costs. The weakness of the dollar and euro against the Swiss franc weighed heavily on revenues, the bulk of which are denominated in the former currencies whereas overheads are mainly in francs.

London / Geneva / Paris - 16 March 2012 - RIT Capital Partners plc (“RIT”), the London-listed investment trust chaired by Lord (Jacob) Rothschild, and Edmond de Rothschild Group, the international private banking and asset management group chaired by Baron Benjamin de Rothschild, today announced the creation of a strategic partnership.

At Hotel des Bergues, Geneva, 9 February 2012. Topics covered : "Asset allocation in a model portfolio for Switzerland" and “Opportunities for high-yield bonds in 2012 ?”

Christophe de Backer will be joining the Edmond de Rothschild Group on February 1, 2012, initially as Chairman of the Executive Committee of Banque Privée Edmond de Rothschild in Geneva. His appointment was approved by the Board of Directors of Banque Privée Edmond de Rothschild at a meeting held in Geneva on January 10, 2012.

Jean-Pierre Pieren, Deputy Chief Executive Officer of Banque Privée Edmond de Rothschild SA, Geneva, has decided to retire after many years devoted to the Banque Privée Edmond de Rothschild SA and to the Group. He will step down from the Bank's Executive Committee at the end of April 2012. Mr Pieren's duties as Chief Operating Officer will be taken over by Manuel Leuthold, a Geneva native born in 1959.