Edmond de Rothschild Gained Business From Credit Suisse Failure

Edmond de Rothschild Group benefited from the failure of Credit Suisse as clients moved their assets to the closely held firm, Chief Executive Officer Ariane de Rothschild said in an interview.

While the collapse of Credit Suisse was a negative event for the Swiss banking sector as a whole, it helped Edmond de Rothschild pick up clients, the CEO said Monday at Bloomberg’s New Voices event in Paris. In particular, wealthy families from the Middle East were “shocked” that such a large bank could fail, and decided to move their businesses to smaller wealth managers, she said.

“We manage our ...