After a decade’s sustained growth, La Compagnie Financière Edmond de Rothschild experienced a significant fall in assets under management in 2008 given the highly troubled market situation. Over the last ten years the assets managed by the bank nevertheless grew four-fold, equivalent to a gain of 14% per year, even though equity markets, with dividends, stagnated in this period.
Private Banking
- €9.6 billion in assets under management
- 7 offices in France and a presence in both Italy and Israel
Asset Management
- €19.8 billion in assets under management
- 7 offices abroad in Belgium, Chile, China, Israel, Italy, Spain and the United Kingdom
- 857 employees, including some 100 outside France.
Consolidated highlights (in thousand euros)
|
2008 |
2007 |
| Net banking income* |
334.995 |
404.328 |
| Gross operating income* |
75.775 |
141.945 |
| Net income, Group share |
51.039 |
105.301** |
| Stockholders’ equity*** |
286.220 |
285.219 |
*Economic approach used in the Group’s management reports
** Including net gain of €12.5 million from the sale of Assurances et Conseils Saint-Honoré.
*** Excluding net income for the financial year
Data as of December 31, 2008