Fund Management

Edmond de Rothschild Announces Strong Results

Contributing Editor 4 April 2006

Edmond de Rothschild Announces Strong Results

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.

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes