Edmond de Rothschild in Geneva reported a 33 per cent rise in net profit to SFr139.3 million ($106.8 million) in 2005. The Swiss bank, w...

Edmond de Rothschild in Geneva reported a 33 per cent rise in net profit to SFr139.3 million ($106.8 million) in 2005. The Swiss bank, which is part of Edmond de Rothschild in France but listed on the Swiss Stock Exchange as an independent bank, said assets under management rose by 25.1 per cent to SFr74.4 billion last year. Net new money came in at SFr3.8 billion. The bank said in a statement that it planned to grow its business in both traditional markets and new ones. Growth in Latin America is planned; the bank currently has offices in San Paolo, Montevideo, and Buenos Aires. Edmond de Rothschild has also expanded in the Iberian Peninsular and currently has offices in Barcelona, Madrid, Lisbon and Porto. The bank also has offices in Hong Kong and Taipei.