One of the most blue-blooded of European financial institutions reported stronger results for 2021 this week.

Edmond de Rothschild, the European private banking house, this week reported that its assets under management rose 8.6 per cent in 2021 from a year earlier to reach SFr177.6 billion ($188.4 billion), helped by SFr8.2 billion of net new money.

Gross operating income rose 24 per cent to SFr194 million. 

Private client net new money reached SFr5.4 billion while asset-management net new money rose to SFr2.7 billion, fuelled in particular by investment strategies in real assets (private equity, real estate and infrastructure debt). 

The firm logged a net income of SFr79 million (up 39 per cent).

“These excellent results demonstrate our group’s ability to adapt and innovate. The quality of the investment services and solutions we bring our clients remains our central concern, and we continue to invest in our teams and information systems to respond unfailingly to their expectations. We are strengthening our presence by their sides in our main regions with the arrival of new, experienced teams. As part of our commitment to responsible investment, we are constantly strengthening our offering with innovative investment strategies combining financial, social and environmental performances,” François Pauly, chief executive of the Edmond de Rothschild Group, said.