Swiss private bank Edmond de Rothschild has been fined nearly €9m ($10m) by Luxembourg’s financial regulator for its handling of funds reportedly linked to beleaguered sovereign wealth fund 1Malaysia Development Berhad.
Henry Ho will serve as non-executive chairman for Southeast Asia.
Sentiment in Europe remains strong despite headwinds, but the firm explains why it prefers equities over bonds.
Audrey Zau will lead the North Asia business as the firm aims to grow its family office clients.
Li replaces Xing Hu who left the group in March “to explore new professional opportunities”, the firm said. She will be based in Hong Kong and will report to Thomas Gerhardt, head of emerging equities and commodities. Philippe Uzan, CIO of long-only management at Edmond de Rothschild Asset Management (France), cited “the gradual opening up […]
Popular mis-characterisations of debt, deflation and QE result in a distorted picture of macroeconomic investment risks, said Kevin Gardiner, global investment strategist at Rothschild Wealth Management.