- Assets under management up 12% to a record CHF 184 billion
- Strong inflows across all regions
- 10% growth in the number of private bankers
STRONG SALES MOMENTUM
In 2024, Edmond de Rothschild confirmed the strength of its business model, driven by its two core businesses private banking and asset management, across all regions.
- Net inflows amounted to CHF 6.3 billion, up 3.8% compared with 2023.
- Assets under management rose by 12% to CHF 184 billion1, driven by strong inflows and the performance of our investment teams, which offset the appreciation of the Swiss franc.
- Gross operating income came out at CHF 207 million (vs. CHF 243 million in 2023), reflecting the decrease in interest rates as well as investment in talent and infrastructure, notably with the recruitment of 10% more private bankers.
- The financial structure remains extremely solid, with a Tier 1 ratio of 19.7% and an LCR of 193%.
KEY MILESTONES ACHIEVED IN STRATEGY IMPLEMENTATION
In 2024, Edmond de Rothschild continued to implement its strategy, reaching significant milestones in its roadmap:
- Strengthened presence in strategic markets, with the acquisition of a majority stake (70%) in Hottinger & Co. Ltd. in the United Kingdom and the launch of an infrastructure debt fund project with SNB Capital in Saudi Arabia.
- Modernisation of infrastructures based on a single IT platform, with the migration of France to Avaloq in early January 2025, after those of Switzerland and Luxembourg.
- 700 employees brought together in Geneva at the new headquarters in the Etang eco-district.
Commenting, Ariane de Rothschild, CEO of Edmond de Rothschild, said:
“Our strong net inflows in all our markets and the distinctions obtained2 in our core areas of expertise confirm the relevance of our strategy targeting excellence in the service of our clients. I am delighted with the work achieved by the teams and the important steps taken in 2024 to improve the efficiency of our Bank.”
Yves Perrier, Chairman of the Board of Directors of Edmond de Rothschild (Suisse), said:
“These results reflect our solidity and the relevance of the strategic choices made in recent years. Our progress in 2024 reinforces our positioning as a player of excellence focused on its clients.”
1 At end-December 2024.
2 Edmond de Rothschild’s expertise was rewarded once again in 2024, confirming the Bank’s excellence, notably with the following distinctions:
- Ariane de Rothschild, 100 Most Influential Women in European Finance 2024 by Financial News.
- Citywire France: Best Service Offering, Best Investment Approach.
- WealthBriefing Swiss Awards: Best “Impact Investing” approach.
- The Banker - Financial Times: Best European Private Bank in Wealth Management.
- H24 Finance: Best management company in the “AuM between €50bn and €100bn” category.
- IJ Global: The Infra Debt Fund Manager - Europe award for Bridge.
About Edmond de Rothschild
Edmond de Rothschild is an investment house founded on the conviction that, when harnessed for the good of the real economy, wealth can have a meaningful impact and help to rejuvenate the concept of progress.
Driven by a culture of financial foresight for nearly three centuries, Edmond de Rothschild specialises in private banking and asset management, boasting recognised expertise in its main business lines of: wealth management, wealth engineering, life insurance, services for independent wealth managers, corporate finance, private equity, real estate, infrastructure, liquid strategies, and fund administration. The 100% family ownership structure gives this investment house real independence, serving to align with the interests of its clients and fostering the emergence of financial solutions adapted to the specific needs of a client base of families, entrepreneurs and institutional investors. At 31 December 2024, the Edmond de Rothschild Group had over CHF 184 billion in assets under management and a robust balance sheet with a CET1 of 19.7%. With more than 2,700 employees in 28 global locations, it ranks as a key player in the main markets where it operates, including Geneva, Luxembourg, Paris and Monaco.
Edmond de Rothschild is at the heart of a unique ecosystem of businesses ranging from farming, wine-making and hospitality to family philanthropic activities, the Gitana offshore racing team and the perfume house Caron.
Press contact
Edmond de Rothschild
Fany de Villeneuve : +33 6 46 24 69 38 - f.devilleneuve@edr.com