The Management team of Edmond de Rothschild (Suisse) S.A. based in Guernsey has acquired the Group’s Channel Islands business.
Rocq Capital Limited has acquired 100% of the shares in Edmond de Rothschild Holdings (C.I.) Limited from its former parent company Edmond de Rothschild (Suisse) S.A. This includes the two licensed entities Edmond de Rothschild Asset Management (C.I.) Limited and Edmond de Rothschild Securities (C.I.) Limited. These companies will be renamed Rocq Capital Management Limited and Rocq Capital Securities Limited, respectively.
Stuart Perfitt, Managing Director of Rocq Capital Limited said: “with my fellow directors John de Garis and Jamie Gregson and the rest of the team we are delighted to be continuing the business we have built whilst being part of the Edmond de Rothschild Group. We consider that the time is now ripe to take our business forward as an independent, locally owned entity and that this will be in the best interests of clients and staff alike”.
“Although ownership and names have changed we shall continue to provide the same high quality service for all our asset management and broking clients that they have been accustomed to over the past twenty years. We are grateful to the Edmond de Rothschild Group for this opportunity”.
Emmanuel Fievet, CEO of Edmond de Rothschild (Suisse) S.A., commented: “our decision to sell our Channel Islands activities to our Guernsey Management team is in line with our global strategy to focus on our core business to deliver the best services to our clients. It is a positive outcome for clients and staff in Guernsey and further enables us to concentrate on seizing new opportunities in our priority markets. We will continue to provide custody and settlement services to Rocq Capital”.
Approval for the Change of Controller and Name Change has been granted by the Guernsey Financial Services Commission and the deal was completed on 30th June 2016. Details of the transaction are to remain confidential.
About the Edmond de Rothschild Group
The Edmond de Rothschild Group is an independent, family-controlled financial group focused on Asset Management and Private Banking. The Group was established in 1953 and since 1997 has been presided over by Baron Benjamin de Rothschild. The Group’s Swiss hub is spearheaded by Edmond de Rothschild (Suisse) S.A., a publicly traded Swiss company. At 31 December 2015 the Group had CHF 163 billion of assets under management and 2,800 employees spread across 33 offices, branches and subsidiaries throughout the world. In addition to its core businesses of Asset Management and Private Banking, the Group is also active in Corporate Finance, Private Equity and Investment Fund Administration.