Strategy

CEO Confirmed As Swiss Private Bank Restructure Continues

Jackie Bennion 4 April 2019

 CEO Confirmed As Swiss Private Bank Restructure Continues

New leadership takes shape at the private bank, following recent changes.

In further restructuring at the family bank, Vincent Taupin has been confirmed as chief executive officer and Cynthia Tobiano as deputy chief executive officer and chief financial officer of Edmond de Rothschild (Suisse). She has also been named as a member of the group's executive committee, along with Christophe Caspar, who joins as head of asset management. All three posts became effective from 14 March. (See previous story on the changes here.)

The C-suite confirmations are further steps by the family-owned investment house to unify banking activities under the supervision of the Edmond de Rothschild (Suisse) operation. This is the first time that a Rothschild-owned private banking business will become fully privately-owned for decades, WealthBriefing understands.

Speaking last month, head of the board Benjamin de Rothschild said: "By taking it [the business] private, we are demonstrating our commitment to our banking group and our ambitions for growth, both organic and through acquisitions."

Taupin was board chair at Edmond de Rothschild (France) and has led the bank's asset management business since December 2016. Prior to this, he held a variety of senior posts at the Société Générale Group. In 1994 he was named CEO of FIMAT, for France, the UK, then Europe. In 2000, he became chair of Firmatex (now Boursorama) following merger activity. Also at Société Générale from 2010 to 2012, Taupin served as CEO of Crédit du Nord. He joined the Alma Consulting Group as its chair in 2012.

Tobiano began her investment banking career at Goldman Sachs in London and Paris. She worked as an M&A analyst in London and partner in Paris, before being named vice-chair of the Paris-London mergers and acquisitions team.

She joined Edmond de Rothschild in 2011 as head of finance and development and a member of the management committee and the executive committee of La Compagnie Financière Edmond de Rothschild Banque, which is now Edmond de Rothschild (France). In January 2014, she was named chief financial officer and member of the group’s executive committee and private banking division.

Caspar joined Edmond de Rothschild asset management team in November last year as its deputy CEO. He served 17 years across senior posts at Russell Investments, including chief investment officer for Japan, before becoming CIO Asia-Pacific responsible for Australia, SIngapore and Japan. He returned to London in 2009 as global chief investment officer heading up the multi-asset investment for EMEA, and in 2016 was appointed chief investment officer at Pictet Wealth Management.

Leadership team

This week, the group also confirmed its executive committee members:

-- Jean Christophe Pernollet, chief risk officer / chief legal and compliance officer;
-- Sabine Rabald, chief operating officer, head of IT, operations and corporate services;
-- Diego Gaspari, head of human resources;
-- Robert Jenkins, chief brand and marketing officer; and
-- Pierre-Etienne Durand, head of strategy.

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