• François Pauly, previously member of the boards of Edmond de Rothschild (Suisse) and Edmond de Rothschild (Europe) since 2016, will succeed him and become CEO of Edmond de Rothschild (Suisse).
• Cynthia Tobiano, currently Deputy CEO and CFO of Edmond de Rothschild (Suisse), will step down at the end of the year to become CEO of Edmond de Rothschild Holding SA.
• A new director joins the boards of the holding company and Edmond de Rothschild (Suisse) with the nomination of Yves Perrier.
• The composition of the banking Group’s Executive Committee remains unchanged. 

 
All of these changes were planned for and are part of the Group’s roadmap, as Vincent Taupin always expressed his wish to retire as soon as the transformation of the Group started to pay off and he reached the retirement age. Therefore, after having made a major contribution to the Group's development, he has decided to retire, in agreement with Ariane de Rothschild.

"I sincerely thank Vincent for the work he has done over the last few years to transform and develop the Group and to attract numerous talents. I am delighted that we can continue to benefit from his presence as I have asked him to continue to be part of the boards of Edmond de Rothschild (Europe) and of our private equity structure." Ariane de Rothschild, Chairwoman of the Board of Edmond de Rothschild (Suisse), said. "I wanted to call on François Pauly to succeed him because, in addition to his remarkable talent and professional experience, he has a detailed knowledge of the group, its strategy and its future challenges," she added.  

The appointment of François Pauly, a recognised financier with long experience at the head of major private banking firms, including at a global level, will ensure continuity in the group's strategy, as he has been involved in all strategic decisions for the past five years.

Yves Perrier, formerly Managing Director of Amundi, joins the boards of Edmond de Rothschild Holding SA and Edmond de Rothschild Suisse.

Finally, Cynthia Tobiano is moving up in her role and will accompany Ariane de Rothschild in overseeing all the family's activities from the end of 2021. She will join the Board of Directors of Edmond de Rothschild Suisse and Edmond de Rothschild Heritage in April 2022 and the Board of Gitana.  These changes are subject to approval by the regulators and the General Meeting on 4 June. 

An unchanged strategy...

The new team will continue to implement the group's strategy in order to cement its identity as a Conviction-driven Investment House.  
 
This will involve continuing to develop new impact strategies in real assets and maintaining a strong capacity for innovation in liquid assets, with the launch of pioneering thematic funds (Human Capital, Tech Impact, Green New Deal) and the shift towards ESG integration for the entire range. In private banking, the Group will continue its targeted investments for private clients by developing, for example, certificates such as Farming 4.0, which addresses the challenges associated with the decline in current agricultural production, Cybersecurity, Healthcare or Sustainable Governance. 

...resulting in good momentum in the frst half of 2021

After demonstrating its resilience in 2020 against a backdrop of widespread crisis, the Edmond de Rothschild Group is continuing to grow. In the first quarter of 2021, assets under management rose by 4% to CHF 175 billion, driven by the combined effect of rising markets and positive net inflows in all business lines and with contributions from all geographies.

[1] Subject to approval by regulators and the General Assembly of 4 June.