Edmond de Rothschild has appointed former Robeco chief executive Roderick Munsters as CEO of its €78 billion global asset management division.
Munsters replaces Laurent Tignard, who is leaving the group after three years to pursue new professional opportunities.
Munsters will report to Ariane de Rothschild, chairwoman of the Edmond de Rothschild group executive committee, and will also join the group’s executive committee.
Previously, Munsters was chief executive of Robeco Group from 2009 to 2015. He also led the firm’s sustainable investing arm, RobecoSAM, and its US multi-manager business Harbor Capital Advisors.
The move comes as the firm seeks to shift away from traditional services such as broking and merchant banking, and expand its asset management and private client offering across Europe.
A spokesperson for the firm said Munsters’ experience in the international asset management space was a clincher in the recruitment process.
Munsters’ appointment is the latest high profile scoop for Edmond de Rothschild. Last year, the firm poached Dan Lee from Allianz Global Investors to lead its push into UK wholesale, and in April this year recruited Annelie Fearon from Cheyne Capital to its convertible bond team, as senior portfolio manager.
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