New leadership at Edmond de Rothschild

Christophe de Backer, Edmond de Rothschild Private Bank’s newly appointed executive committee chairman, has been appointed director and general manager of Compagnie Financière Saint-Honoré, the French holding company of Edmond de Rothschild Group.

De Backer, who joined Edmond de Rothschild Private Bank from HSBC in February, will assume this newly created role on May 23.

He will work alongside Marc Samuel, who has been named the eventual replacement for Michel Cicurel, chairman of Edmond de Rothschild Financial Services’ management committee.

A spokesperson for the group could not disclose why this new role had been created for De Backer.

Cicurel and Guy Grymberg, managing director of Edmond de Rothschild Financial Services, will leave their positions following the bank’s annual general meeting in May.

Grymberg is to be replaced by Marc Lévy, secretary general of Edmond de Rothschild Group, and Patrice Dordet, head of its private client department.

Lord Jacob Rothschild, president of investment trust RIT Capital Partners, which recently signed a strategic partnership with Edmond de Rothschild Group, has been named honorary vice-president of the Compagnie Financière Saint-Honoré.

Francesco Goedhuis, head of strategy at RIT Capital Partners, has been named administrator.

“Under Christophe de Backer’s responsibility, this new structure will provide the best possible coordination of activities throughout our group and will allow us to develop alongside client service,” Benjamin de Rothschild, head of Edmond de Rothschild, said.

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