No merger, no takeover, no change in strategy, but an evolution in continuity. For her first interview, after the death of her husband last January, Ariane de Rothschild swept away any doubt about the future of her group in the columns of Swiss media Neue Zürcher Zeitung and French Les Echos.

Edmond de Rothschild CEO Vincent Taupin will retire in June at his request, and replaced by François Pauly, who has been on the board since 2016.

In a press release she further explained, “I wanted to call on François Pauly to succeed him because, beyond his talent and his remarkable professional experience, he benefits from a detailed knowledge of the group, its strategy and its future challenges.”

Among the first tasks will be recruiting a new financial director, given the fact that Cynthia Tobiano, who held that post and deputy CEO, will take on overseeing the group’s numerous holdings with Ariane de Rothschild from end-2021. Yves Perrier, former Amundi managing director, will join the board. 

Pauly, 56, chaired the board of directors of Banque Internationale à Luxembourg until March 2016. Chairman of Compagnie Financière La Luxembourgeoise since May 2014, he sits on various boards in Luxembourg and abroad, including Saint-Paul Luxembourg, the parent company of Wort.

In the first quarter of 2021, the Edmond de Rothschild group saw assets under management increase by 4% to 175bn Swiss francs, under the combined effect of rising markets and positive net inflows in all businesses. 

This article was originally published in French on Paperjam and has been translated and edited for Delano.