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.