Vincent Taupin was named head of asset management and private banking at Edmond de Rothschild Group.
Mr. Taupin will assume global responsibility for the money management arm of the group effective Jan. 1, alongside his role as president du directoire of Edmond de Rothschild France. He will replace Roderick Munsters, who has decided to resign for personal reasons, said a news release Tuesday.
However, Mr. Munsters, who took on the role in May, will join the board of Edmond de Rothschild Asset Management. He will return to the Netherlands.
“I fully understand the reasons for (Mr. Munsters’) decision to step down from his leadership role in Edmond de Rothschild Asset Management, and wish him all the best for the future,” said Ariane de Rothschild, chairwoman of the group executive committee, in the release. “I have asked Vincent Taupin to assume responsibility for the asset management business alongside his existing French private banking role, as I believe that now is the right time to accelerate the convergence of our expertise, businesses and geographies. This is what our clients expect from a leading investment house.”
The group has 163 billion Swiss francs ($160 billion) in assets under management.
A spokeswoman could not be reached for comment by press time.