Edmond de Rothschild Eyes 200 Billion Threshold
Geneva-based private bank Edmond de Rothschild posted a record-breaking 184 billion francs in assets under management – a 12 percent year-on-year increase that further cements its status among Switzerland's elite banking institutions.
In 2024, Edmond de Rothschild reinforced the strength of its business model, which is anchored in its two core activities: private banking and asset management. Net inflows reached 6.3 billion francs, a 3.8 percent increase compared to the previous year. The key results were published on Wednesday.
Gross operating income slightly decreased to 207 million francs, compared to 243 million francs in 2023 which, according to the bank, reflects lower interest rates as well as ongoing investment in talent, including a 10 percent increase in the number of private bankers.
Robust Financial Position
The robust growth was driven by net inflows across regions, expansion in private banking, and continued investment in talent and infrastructure. The group's financial structure remains solid, with a Tier 1 ratio of 19.7 percent and a liquidity coverage ratio (LCR) of 193 percent.
Ariane de Rothschild, CEO of Edmond de Rothschild since 2023, stated: «Our strong net inflows in all our markets and the distinctions obtained in our core areas of expertise confirm the relevance of our strategy targeting excellence in the service of our clients.»
Strategic Expansion and Outlook
The results underscore Edmond de Rothschild’s ability to navigate market challenges while remaining committed to long-term value creation. With continued investment in its core business lines, the bank aims to sustain its upward trajectory and further solidify its market position in the coming years.
Last year, the firm consolidated its 700 employees in Geneva at a new headquarters. It also acquired a majority stake in London-based private bank Hottinger & Co. and launched an infrastructure debt fund with SNB Capital in Saudi Arabia, as reported by finews.com.
In early January 2025, it migrated its French banking operations to the Avaloq IT platform.
