The Swiss private banking and asset management group has confirmed a high-level departure.

Edmond de Rothschild has appointed Vincent Taupin as head of asset management and French private banking.

The appointment follows Roderick Munsters’ resignation from his role as head of Edmond de Rothschild Asset Management for personal reasons. Munsters will continue to work with the group by joining the board of Edmond de Rothschild Asset Management in France.

Didier Deléage, who joined the group in 2014 as chief operating officer of the asset management business, has become chief executive of Edmond de Rothschild Asset Management (France).

Taupin will take on his new role alongside his existing responsibilities as president du directoire of Edmond de Rothschild France.

“I fully understand the reasons for Roderick’s decision to step down from his leadership role in Edmond de Rothschild Asset Management, and wish him all the best for the future,” said Ariane de Rothschild, chairwoman of the group executive committee.

“I have asked Vincent Taupin to assume responsibility for the asset management business alongside his existing French Private Banking role, as I believe that now is the right time to accelerate the convergence of our expertise, businesses and geographies. This is what our clients expect from a leading investment house.”

Meanwhile, Renzo Evangelista and Stéphane Pardini have been promoted to deputy directors in the French private bank.
    
As reported last week, Geneva-based Edmond de Rothschild is set to shut down its Hong Kong business as it seeks other opportunities in Asia and refocuses its asset management arm on the European market.