Edmond de Rothschild Group has announced that Vincent Taupin will assume global responsibility for Edmond de Rothschild Asset Management with effect from 1 January 2017, alongside his existing role as President du Directoire of Edmond de Rothschild France.
Taupin will undertake the additional role following the resignation of previous head Roderick Munsters, who decided to resign from his role for personal reasons, the company said in a statement.
Munsters said that he was relinquishing his role “reluctantly” as he has decided to return to Holland, but added that he not leave the company altogether as he will join the board of Edmond de Rothschild Asset Management (France).
Ariane de Rothschild, chairwoman of the group executive committee, said: “I fully understand the reasons for Roderick’s decision to step down from his leadership role and wish him all the best for the future. I have asked Vincent Taupin to assume responsibility for the asset management business alongside his existing French Private Banking role, as I believe that now is the right time to accelerate the convergence of our expertise, businesses and geographies.”
Taipan who worked closely with Munsters over the last six months, said that was “very much looking forward” to taking on his additional responsibility.
The company also announced that Renzo Evangelista and Stéphane Pardini have been appointed deputy directors in the French Private Bank. In addition, Didier Deléage has been appointed chief executive of Edmond de Rothschild Asset Management (France).
As reported, Edmond de Rothschild (Suisse) SA said that it was to close its Hong Kong private banking operations.