Economy & Politics

François Pauly at the helm of Edmond de Rothschild

Among the restructurings announced Tuesday by the management of the Franco-Swiss private bank is the appointment of the Luxembourger at the head of the Swiss structure of the group. He succeeds Vincent Taupin who will retain his functions on the board of directors of the bank in the Grand Duchy.

Jean-Michel HENNEBERT

Jean-Michel HENNEBERT

Among the restructurings announced Tuesday by the management of the Franco-Swiss private bank is the appointment of the Luxembourger at the head of the Swiss structure of the group. He succeeds Vincent Taupin who will retain his functions on the board of directors of the bank in the Grand Duchy.

Four months after the death of Baron Benjamin de Rothschild, chairman of the group’s umbrella holding company, reorganizations are continuing within the Franco-Swiss private bank. Among them, the appointment of François Pauly as CEO of Edmond de Rothschild in Switzerland. Member of the boards of directors of Swiss and European structures since 2016, chairman of the board of directors of Lalux and former chairman of the board of directors of BIL and the Saint-Paul group, editor of the Luxemburger Wort, succeeds Vincent Taupin.



The Luxembourg private banking and asset management subsidiary will leave its historic site in October 2020 for the Dyapason, a building located on rue Robert Stümper. It will rent 10,000 m2 there to the insurer Foyer.


Described on Tuesday by Ariane de Rothschild, new leader of the Franco-Swiss group in The echoes, as endowed with “an interesting profile because he himself manages part of his family’s fortune”, François Pauly is above all “a known and recognized international banker”. If the latter did not until now hold operational functions within the group, his appointment in Switzerland would “ensure the continuity of the strategy of the Edmond de Rothschild Group, since he has been involved in all strategic decisions. over the past five years, ”the statement said.

In addition to this appointment, other changes were announced on Tuesday, in particular the appointment of Cynthia Tobiano as president of the holding company which oversees the group, the current CFO to take up her new functions from 2022. She will be notably supported by Yves Perrier, until then at the head of Almundi, European number one in asset management, which integrates the board of the holding company. As a reminder, the Edmond de Rothschild group was founded in 1953, manages 168 billion Swiss francs (153 billion euros) in assets and employs some 2,500 people in 33 offices around the world.


The headquarters of Rothschild Bank in Limpertsberg where the KAQ companies were housed.

The Luxembourg subsidiary of the Swiss bank Edmond de Rothschild pays a record administrative penalty of 9 million euros imposed by the CSSF. This is the price to pay to preserve a repute undermined in the 1MDB scandal.


In Luxembourg, the group employs some 550 people, now grouped together in a single 10,000 m2 building within the Cloche d’Or. He is at the center of several complaints, emanating in particular from Russian oligarchs, and of various financial cases such as that related to the 1MDB fund for which the structure active on the Place had paid a penalty of nine million euros. in 2017.


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