The Swiss asset manager Edmond de Rothschild will add to its domestically registered Luxembourg fund range and is looking to add 20 billion of assets over the next three years after strategic review.
According to the firm’s CEO asset management Laurent Tignard, the group’s asset management restructure designed to get it to 66 billion of assets by 2016, would come from trasferring its local funds to its Sicav structure, increasing their availability to a wider range of clients.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Tignard said firm will focus on areas such as equities and fixed income Europe ans also emerging markets, which make up around 20% each of its assets, balanced funds (13%), quant strategies and private equity make up a further 6% each, while currency overlay and alternative assets accounted for 15%.
The restructure plan will see the group streamlining its operations to focus on six investment hubs, France Switzerland, Germany, Hong Kong, Luxembourg and the UK.
As part of the move, Philippe Uzan has been promoted to head up the group’s long-only investments, while Alexandre Col will head the firm’s multi-manager division from Geneva and Guillaume Poli will head up the group’s asset management development.
Tignard said the firm would initially focus on moving three of its funds onto its Luxembourg Sicav over the next few months, which include Edmond de Rothschild Europe Convertibles, Edmond de Rothschild Europe Synergy and Edmond de Rothschild US Value & Yield funds.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataTrignard said: "These are France domiciled funds but by putting them on our Luxembourg platform it will be much easier to distribute them across Europe and Asia.
"We think we can grow our assets within the private bank because until quite recently we were only connected on a local and not on a global basis.
"The group was looking to create more partnerships in the Latin American region, such as the recent tie up with Brazilian asset manager BBM, and that overall, growth would be organic, although he did not rule out aquiring small boutiques along the way," he added.
Apart from Latin America, Tignard said Germany, Hong Kong and the UK would be a key focus for growth over the next three years.
Tignard said the group’s current 45 billion of assets were split 29% in private client, 27% in external distribution and 44% in institutional business.
