Pursuing its business line convergence strategy, Edmond de Rothschild announced several appointments intended to:

• Place its three specialised real estate subsidiaries under single management
• Combine its private equity, real estate and asset management investment units to create an integrated investment offering for all asset classes

In an environment intended to improve consistency and strengthen synergies within the Group:

- Two new Deputy CEO positions were created:

Christophe Caspar joined Edmond de Rothschild Asset Management on 1 November as Deputy CEO for Asset Management, responsible for management practices.

His expertise and experience in Asset Management and Private Banking will be assets for management practices and will foster the convergence of Asset Management and Private Banking.

A member of the Edmond de Rothschild Asset Management Executive Board, he is based in Geneva. He reports to Vincent Taupin, Global CEO Asset Management and Chairman of the Edmond de Rothschild (France) Executive Board.

Gad Amar, currently Head of Business Development at Edmond de Rothschild Asset Management has been appointed 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.

- Pierre Jacquot has been appointed Head of the real estate business for the Group and has joined the Asset Management Executive Committee.

He will be responsible for strengthening synergies between the real estate business (Orox, Cording and Cleaveland) as well as for convergence with other asset management and private banking activities. With over €10 billion in assets under management, the real estate business is a key Edmond de Rothschild area of expertise.

- Johnny El Hachem, Managing Director of Edmond de Rothschild Private Equity has joined the Asset Management Executive Committee.

Edmond de Rothschild’s private equity offering provides real market differentiation. It consists of a dozen themed and niche investment strategies which create long-term value. It can now rely on the Asset Management sales force to accelerate its growth.

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.