Edmond De Rothschild Increases Hottinger Stake, Names New UK CEO
Tom Burroughes
19 February 2025
to 70 per cent.
At the same time, a familiar name in the UK wealth industry, Penny Lovell (pictured below), has been named UK private banking head. She is joining from , after being at the US group since 2023. (See a story about her appointment here.) Hottinger CEO Mark Robertson will become board chairman.
Penny Lovell
Lovell, who joined in 2022, has more than 20 years of banking experience. Previously, she was managing director and head of HNW clients at Citi Private Bank. Before Citigroup, Lovell worked at Fleming Family & Partners, Rothschild & Co Asset Management and Close Brothers Group.
EdR has partnered with London-based Hottinger since 2021, when it took a minority stake alongside Robertson and Alastair Hunter.
In 2022, Hottinger achieved Securities and Exchange Commission authorisation to help boost its US services.