FINANCE - BANKS

Family office

Edmond de Rothschild and Hottinger join forces



The deal allows Edmond de Rothschild Group to reinforce its capabilities to serve its client base in London says CEO François   Pauly. Matic Zorman / Maison Moderne

The deal allows Edmond de Rothschild Group to reinforce its capabilities to serve its client base in London says CEO François Pauly. Matic Zorman / Maison Moderne

Edmond de Rothschild and the Hottinger Group on Tuesday announced they have agreed  to set up a joint structure for private clients with the aim of improving and strengthening their respective resources in the UK.

The Hottinger Group, a London-based multi-family office, and the Edmond de Rothschild Group have already partnered on a number of initiatives in recent years. "Both entities share the same long-term vision, culture and values which underpin their delivery of wealth management and bespoke family office solutions to wealthy families.," says Edmond de Rothschild, in a statement.

Subject to approval from the Financial Conduct Authority (FCA), Edmond de Rothschild group will become a 42.5% shareholder in the new structure, while its London-based private banking business will be transferred to the Hottinger group.

The Hottinger Group is a multi-family office founded in 1981, operating in 16 countries and specialising in bespoke investment management, merchant banking and family office services for sophisticated international clients. It will continue to be led by the existing management team, while Edmond de Rothschild will continue its UK asset management activities, particularly in infrastructure debt and real estate.

Once completed, the transaction will enable the Hottinger Group to service over 200 leading families worldwide from its London headquarters.

"This partnership, with a renowned family office close to our DNA, demonstrates our desire to constantly improve our offering and services in order to better meet the needs of our clients in the UK. It will reinforce our capabilities to serve our international client base who continue to see London as a major financial hub post Brexit," commented François Pauly, CEO of the Edmond de Rothschild Group.

CEO of Hottinger Group Mark Robertson said “We are delighted to welcome on board a stable, dynastic and knowledgeable shareholder in the form of Edmond de Rothschild Group. Our firms share core values of integrity, innovation and responsibility, which make this an excellent fit.”