Edmond de Rothschild Group targets M&A to double AUM in five years - reports

Ex-Amundi CEO Yves Perrier to join board

clock • 2 min read

Edmond de Rothschild Group is eyeing acquisitions as part of plans to double AUM, and has hired former Amundi Asset Management chief executive Yves Perrier to its board, according to the Financial Times.

In an interview given to the FT, the group's president Ariane de Rothschild said it was looking at buying asset managers and private banks, "or hiring smaller teams". She told the FT: "The industry is fragmented with lots of smaller players out there and I think it's important to try to consolidate. I would expect that we double the size of our assets under management in the next five years." Amundi CEO Perrier steps down as firm reports highest-ever profit in Q4 Perrier, who announced in February that he would be stepping down as chief executive of Amundi Asset Management, is due ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Hargreaves Lansdown's Lund-Yates: Equity strategies for the new tax year

Hargreaves Lansdown's Lund-Yates: Equity strategies for the new tax year

ISA season deadline

Sophie Lund-Yates
clock 15 March 2024 • 3 min read
Investment Week reveals finalists for Fund Manager of the Year Awards 2024

Investment Week reveals finalists for Fund Manager of the Year Awards 2024

Ceremony on 20 June

Katrina Lloyd
clock 13 March 2024 • 10 min read
Columbia Threadneedle shutters two funds on dwindling assets

Columbia Threadneedle shutters two funds on dwindling assets

‘Too small to run’

clock 12 March 2024 • 1 min read
Trustpilot