Edmond de Rothschild and Hottinger Group have completed the combined venture, announced in October 2021, following clearance of regulatory conditions from the FCA. Edmond de Rothschild Group has acquired a 42.5% stake in the enlarged entity with its London-based wealth management arm transferred to Hottinger Group on the 31st of May 2022. In the meantime Hottinger Group has been SEC authorized which will help the expansion of its US services.
Since the announcement in October, the executive team of Hottinger Group has continued to deliver on the existing strategy and the business has witnessed rapid growth in the provision of its family office service. Having been SEC authorised, the group now offer US services which have been designed specifically to help US citizens and green card holders living outside the US and foreign nationals moving to the US.
CEO of Hottinger Group Mark Robertson said: "I am delighted that we have successfully concluded this transaction. We would like to thank our original investors for all their support over the formative years and look forward with anticipation to this exciting collaboration with Edmond de Rothschild that will take our business to the next level. Furthermore, I would like to thank the team for working assiduously throughout the pandemic and stewarding our clients during these turbulent financial times".
CEO of the Edmond de Rothschild Group François Pauly said: “We are delighted to have finalised this transaction with a strong commitment from both our clients and respective internal teams. We are looking forward to developing this partnership”.
Following the acquisition, Hottinger Group will provide its services to over 200 sophisticated families from around the world from its headquarters in London.
ABOUT THE EDMOND DE ROTHSCHILD GROUP
An investment house of conviction founded on the idea that wealth should be used to build tomorrow, Edmond de Rothschild specialises in Private Banking and Asset Management. Serving an international clientele of families, entrepreneurs and institutional investors, the Group is also present in Corporate Finance, Private Equity, Real Estate and Fund Services.
Its resolutely family-owned nature gives Edmond de Rothschild the independence it needs to propose bold strategies and long-term investments rooted in the real economy.
Founded in 1953, the Group had nearly CHF 178 billion in assets under management as of 31 December 2021, 2,500 employees and 29 locations worldwide.
ABOUT HOTTINGER GROUP
Hottinger Group is an international multi-family office looking after the needs of wealthy individuals and families. Established in 1981, the Group has grown into a global firm looking after multi-generational families from 16 countries. The Group was named Family Office of the Year at the City of London Wealth Management Awards in 2017, 2019, 2020 and 2022.
Press contact :
EDMOND DE ROTHSCHILD
Florence Gaubert: +41 79 340 07 26 – f.gaubert@edr.com
GROUPE HOTTINGER
Alastair Hunter: +44 7585 308 601 - alastair.hunter@hottinger.co.uk