The Benjamin de Rothschild family are to take private bank Edmond de Rothschild private with the bank becoming the only Swiss private bank to be 100 per cent family-owned following its de-listing.
To simplify the bank’s legal structure, Edmond de Rothschild (France) will be transferred to Edmond de Rothschild (Suisse) and all banking activities of the Edmond de Rothschild Group will be consolidated under Edmond de Rothschild (Suisse) which will become the operating holding company of the Group.
Ariane de Rothschild, Chairwoman of the Group’s Executive Committee, says: “I was named Chairwoman of the Executive Committee of the Edmond de Rothschild Group in January 2015 with the objective of creating a sound and united banking group, benefitting from a unique and distinctive brand name, with a clear vision and a robust balance sheet. With more than CHF 170 billion of assets under management and over CHF 1.1 billion of revenue, Edmond de Rothschild will become a fully family-owned group. I am pleased to enter into this final phase today and I wish full success to Vincent Taupin, Cynthia Tobiano and the Executive Committee in which I have full confidence.”
Benjamin de Rothschild, Chairman of Edmond de Rothschild Holding SA’s Board of Directors, adds: “By taking it private, we are demonstrating our commitment to our banking Group and our ambitions for growth, both organic and through acquisitions. I congratulate my wife and our teams for what has been accomplished in recent years.”