Subscriptions to the new financial instrument resulted in a donation to Imagine for Margo, a charity organisation that promotes research on paediatric cancers.
Edmond de Rothschild (France) has distributed on its initiative its first-ever structured product with a charitable component, Top Daily EDR. The selected issuer, Société Générale, distributed the product to private banking clients between January and March 2022. By adding a charitable component to a structured product, the new investment solution is fully consistent with the Group’s conviction on combining performance with social impact.
The commitment of our private bankers and the success of the new product with our customers helped us to raise more than €140,000 at the end of the marketing period. This sum was donated to Imagine for Margo on 21 April.
Commenting, Vincent Taupin, Chairman of the Executive Board of Edmond de Rothschild (France), said: “In addition to our investments, our commitment is reflected in contributing to projects aimed at promoting more responsible finance. We are engaged on many topics, focusing on initiatives that translate into concrete progress, in the spirit encouraged by Ariane de Rothschild. We are all very proud to support Imagine for Margo and, by extension, research on paediatric cancers.”
Patricia Blanc, founder of Imagine for Margo, said: “The donation made today thanks to the structured product designed by the teams at Edmond de Rothschild and Société Générale stands as fresh hope for all the little warriors fighting against the disease. A huge thank you to all those who have made this socially responsible product a success, with a view to stepping up research against children’s cancer.”
A structured product presents a risk of total or partial capital loss during its life and at maturity, as well as a concentration and credit risk on the issuer of said structured product. It is therefore intended for clients – subject to geographical marketing restrictions – with an adequate level of experience and knowledge of the markets in relation to this type of debt security, as well as their financial capacity and an investor profile justifying investment objectives compatible with the risks presented by this complex financial investment category.
ABOUT IMAGINE FOR MARGO
Imagine for Margo – Children without Cancer was founded in 2011 by the parents of Margo, who died from a brain tumour at the age of 14. During their daughter’s illness, Margo’s parents found that cancer research was primarily focused on adult cancers, with paediatric cancers considered as orphan diseases by the industry. During her illness, Margo initiated an online fund-raising drive to further research on her cancer. Margo’s parents continued her initiative after her death.
Imagine for Margo has worked since 2011 to collect donations to accelerate research against children’s cancer. The charity organisation funds European programmes forging a better understanding of paediatric cancers and developing specific, innovative and more effective treatments for children with cancer in partnership with the leading cancer research centres in France and Europe.
Since its creation, Imagine for Margo has raised more than €14 million to fund 35 cutting-edge research programmes and 28 innovative treatments, providing over 3,000 children with bespoke treatments in Europe. The organisation also carries out numerous well-being activities in paediatric oncology services and supports more than 350 families.
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.
Press contact:
EDMOND DE ROTHSCHILD
Florence Gaubert : +33 1 40 17 33 57 - f.gaubert@edr.com