Financial Results
Net Operating Income Dips At Edmond De Rothschild
The Geneva-headquartered private bank and investment firm reports results for 2024.
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This week, Edmond de
Rothschild announced that its 2024 net operating income
dipped to SFr207 million ($236 million) from SFr243 million a
year earlier.
Net inflows stood at SFr6.3 billion, rising 3.8 per cent from a
year earlier. Assets under management rose 12 per cent to SFr184
billion.
"Our strong net inflows in all our markets and the distinctions
obtained in our core areas confirm the relevance of our strategy
targeting excellence in the service of our clients," Ariane
de Rothschild (main picture), CEO, said in a statement.
Gross operating income stood at SFr207 million, down from SFr243
million a year earlier, reflecting the fall in interest rates and
higher spending on infrastructure and talent, it said in a
statement.
In 2024, Edmond de Rothschild bought a 70 per cent stake in
UK-based Hottinger & Co, and launched an infrastructure debt fund
project with SNB Capital in Saudi Arabia.
At the end of 2024 the European private bank had a Tier 1 ratio –
a standard measure of a bank’s capital shock absorber – of 19.7
per cent.
