Edmond de Rothschild has announced several appointments, which include two new deputy chief executives, “to improve consistency and strengthen synergies within the group”, the firm said.
Christophe Caspar has been appointed deputy chief executive for asset management and a member of the firm’s asset management executive board, effective 1 November 2018.
Based in Geneva, he reports to Vincent Taupin, global chief executive asset management and chairman of the Edmond de Rothschild (France) executive board.
In this role he is responsible for management practices and the firm said it hoped he will help to converge asset management and private banking. Mr Caspar has experience in both, having previously been chief investment officer at Pictet Wealth Management. He also spent 17 years at Russell Investments, and prior to that worked at Fleming Asset Management.
Gad Amar, who is currently head of business development has also been appointed deputy chief executive for asset management, responsible for sales.
Mr Amar began his career in Montreal at RBC Dominion Securities in 1996. He has also worked at Fidelity Canada then at JP Morgan Asset Management in Paris. Most recently, he was head of client distribution for France, Belgium and Luxembourg at BlackRock.
Pierre Jacquot has been appointed head of the group’s real estate business and has also joined the asset management executive committee.
He will be responsible for strengthening synergies wiithin the real estate business (Orox, Cording and Cleaveland). Mr Jacquot founded Orox Asset Management in Switzerland in 2007. Later, he played a key role in the creation and growth of the Edmond de Rothschild Real Estate SICAV fund.
Finally, Johnny El Hachem, who joined the group in 2002 and is currently managing director of private equity, has joined the asset management executive committee.
As part of the restructuring the firm intends to place its three specialised real estate subsidiaries under single management and to combine its private equity, real estate and asset management investment units.
The firm hopes that this new structure will enable them to present its institutional and private investors with a coherent set of investment solutions, offering differentiation and long-term performance, which will position the firm “more than ever as active managers in an investment firm with conviction”.
Edmond de Rothschild is a family-run investment house focused on long-term investments “rooted in the real economy”. It has EUR 156 billion under management and more than 2,600 employees across 27 sites.