Edmond de Rothschild Asset Management SAS Deutschland
Edmond de Rothschild Group expands private banking team in Hong Kong
Team expansion to capitalise on region’s fast-growing wealth as Group focuses on offering bespoke services to Asia-based clients Edmond de Rothschild Group, the leading independent, family-owned group specialising in private banking and asset management services, is pleased to announce the expansion of its private banking team in Hong Kong as part of its plan to significantly grow its private banking business in Asia. The six new appointments include senior private bankers and advisors who not only have extensive experience in private banking, but also have specialist expertise in areas such as corporate banking, trust and succession planning, and investments. Led by Monique Chan, Chief Executive Officer and Head of Asia of Edmond de Rothschild Group, the expanded team will offer client-focused, bespoke services specialising in solutions for entrepreneurs and their families in wealth development, preservation and succession planning. Heir to the traditions and values which have ensured the success of the Rothschild family for 250 years, the Edmond de Rothschild Group benefits from a family shareholding structure which makes it totally independent when advising its private and institutional clients. Set up in 1953 by Baron Edmond de Rothschild and chaired today by his son Benjamin de Rothschild, the Group’s core businesses are private banking and asset management. It also provides institutional and fund services, private equity, corporate finance, and family advisory services. Christophe de Backer, Group CEO said: “The fact that we have been able to build such an experienced team of private bankers in this highly competitive environment speaks volumes for the reputation and vision of the Edmond de Rothschild Group. A long-term vision and prudent approach, combined with an entrepreneurial spirit have been the foundation of the family’s success through many generations.” Monique Chan commented: “High net worth individuals in Asia often have complex personal, family and business needs. With the diverse capabilities of our private banking team in Asia we are able to provide our clients with bespoke solutions which leverage our Group’s strengths in asset management, corporate finance and private equity.” Edmond de Rothschild Group has 31 offices in 19 countries in Europe, Asia, Middle East and South America and 2,800 employees. It aims to grow total assets under management to EUR158 billion by 2016. The Group has been present in Hong Kong for over 20 years. Its private banking business established a representative office in 1992 and obtained its full license as a branch office in 2012. It also started its asset management business in Hong Kong in 2007. Edmond de Rothschild Group was the first private bank to be granted a QFII quota in 2006, and has a representative office and private equity business in Shanghai. Led by Monique Chan, the private banking and asset management businesses work hand-in-hand to expand the Group’s presence. Christophe de Backer added: “The Rothschild name is synonymous with continuity. We understand the issues related to owning your own business, and the importance of growing and preserving assets now and for future generations. We have been doing this successfully across the globe and will continue to do so in Asia.” – Ends – About the Edmond de Rothschild Group The Edmond de Rothschild Group is an independent, family-owned group specialising in private banking and asset management. Founded in 1953, it has been chaired since 1997 by Baron Benjamin de Rothschild. It has over EUR 133.6 bn of assets under management (as of December 2013) and 2,800 employees in 31 locations around the world. In addition to its private banking and asset management operations the Group is also active in corporate finance, private equity and institutional and fund services. Press Contact: CNC AG End of Media Release Issuer: Edmond de Rothschild Asset Management SAS Deutschland Key word(s): Finance 14.04.2014 Dissemination of a Press Release, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
263045 14.04.2014 |