Edmond de Rothschild Group appoints new CEO
Edmond de Rothschild Group has named François Pauly as its new Chief Executive Officer (CEO).
Pauly had previously served as a member of the boards of directors of Edmond de Rothschild (Suisse) and of its Luxembourg subsidiary. The composition of the Group’s Executive Committee remains the same.
The nomination of Pauly, a recognised financier with long experience at the head of major private banking firms, including at a global level, will ensure continuity in the Group's strategy, as he has been involved in all strategic decisions for the past five years. This nomination was planned for and follows Vincent Taupin’s desire to retire.
Ariane de Rothschild, Chairwoman of the Board of Edmond de Rothschild (Suisse), says: “I wanted to call on François Pauly as a successor because, in addition to his remarkable talent and professional experience, he has a detailed knowledge of the Group, its strategy and the challenges ahead. I sincerely thank Vincent for the work he has done over the last few years to transform and develop the Group and to attract numerous talents. I am delighted that we can continue to benefit from his presence on the boards of Edmond de Rothschild (Europe) and of our private equity structure.”
Pauly, 57, has spent his career in the financial sector, occupying various international and management positions. From 1987 to 2004, he occupied senior management positions within the Dexia banking group in Luxembourg, Italy, and Monaco. In 2004, he joined Bank Sal Oppenheim jr & Cie in Luxembourg as CEO and became General Manager of Sal Oppenheim jr & Cie SCA where he was appointed to the board of directors of the group’s subsidiaries in Switzerland, Austria, and Germany. In 2011, he joined Banque Internationale à Luxembourg (BIL) as CEO and then, as Chairman of the Board of Directors until 2016. Beyond his executive positions, François Pauly was also Vice-Chairman of the Board of Directors of Edmond de Rothschild (Europe) in Luxembourg and Chairman of the Audit and Risk Committee of Edmond de Rothschild (Suisse) since 2016.