People Moves
Edmond De Rothschild Revamps Real Estate Arm; Names Deputy CEOs

The blue-blooded investment firm and private bank has made a number of changes to its investment teams, and appointed two deputy CEOs.
Edmond de
Rothschild has melded its real estate arms under a joint
management set-up and revamped investment operations. The changes
see former Pictet Wealth
Management chief investment officer join the firm as a deputy
CEO.
The European firm has put its three specialised real estate
subsidiaries under single management; combined its private
equity, real estate and asset management investment units to
create an integrated investment offering for all asset classes,
and created two deputy chief executive roles.
As far as one of the deputy CEO roles is concerned, Christophe
Caspar, former CIO at Pictet’s wealth arm, joined on 1 November.
Caspar is based in Geneva and reports to Vincent Taupin, global
CEO asset management and chairman of the Edmond de Rothschild
(France) executive board.
“This new structure will enable us to present our institutional
and private investors with a coherent set of investment
solutions, offering differentiation and long-term performance,
positioning us more than ever as active managers in an investment
firm with conviction,” the firm said.
Gad Amar, head of business development at Edmond de Rothschild
Asset Management has been appointed as the second deputy CEO for
asset management, responsible for sales. “The appointment expands
Gad Amar’s scope as he will now be responsible for developing
exclusive partnerships internationally,” the firm said in a
statement yesterday.
Amongst other changes, Pierre Jacquot has been appointed head of
the real estate business for the group and has joined the asset
management executive committee. Jacquot founded Orox Asset
Management in Switzerland in 2007. He later helped found and grew
the Edmond de Rothschild Real Estate SICAV fund. Over the past
years, he has contributed to the strategic development of the
Edmond de Rothschild real estate business by integrating the
Cording Real Estate investment and asset management company -
present in Germany, the UK and the Benelux - into the group.
The new role means that Jacquot is responsible for strengthening
links between the real estate business (Orox, Cording and
Cleaveland) as well as tightening co-operation for other asset
management and private banking activities. The firm said the real
estate business oversees about €10 billion of investment.
In another move, Johnny El Hachem, managing director of Edmond de
Rothschild Private Equity, has joined the asset management
executive committee.