Edmond de Rothschild (EdRAM) has made a number of hires intended to move towards its plans for business convergence strategy.
The firm wants to place its three specialised real estate arms under single management and to group all of its investment platforms (private equity, real estate and asset management) to create an integrated investment offering for all asset classes.
Christophe Caspar and Gad Amar join EdRAM as deputy CEos, two newly-created positions aimed at improving consistency and strengthening synergies in the firm, the Group said.
Caspar joined EdRAM Asset Management on 1 November as deputy CEO for Asset Management, responsible for management practices. Geneva-based, he reports to Vincent Taupin, global CEO Asset Management and chairman of the Edmond de Rothschild (France) Executive Board.
Amar, currently head of Business Development at EdRAM Asset Management has also been named deputy CEO for Asset Management, responsible for sales. The appointment expands Amar’s scope as he will now be responsible for developing exclusive partnerships internationally.
EdRAM has also hired Pierre Jacquot as head of the real estate business for the Group, who has also joined the Asset Management Executive Committee. He will be responsible for strengthening synergies between the real estate business (Orox, Cording and Cleaveland) as well as for convergencing with other asset management and private banking activities.
With over €10bn in assets under management, the real estate business is a key EdRAM area of expertise.
Johnny El Hachem, managing director of EdRAM Private Equity has joined the Asset Management Executive Committee. The firm’s private equity offering provides real market differentiation, consisting of a dozen themed and niche investment strategies which create long-term value. It can now rely on the Asset Management sales force to accelerate its growth. “This new structure will enable us to present our institutional and private investors with a coherent set of investment solutions, offering differentiation and long-term performance, positioning us more than ever as active managers in an investment firm with conviction,” the Group said.