Edmond de Rothschild head of asset management Roderick Munsters has stepped down only six months after taking the senior role.
Munsters,who says he’ll leave the firm for personal reasons, will step down on 1 January 2017 and return to the Netherlands.
Vincent Taupin, who is the head of the company’s French private banking operations, will take on Munsters’ role after his departure.
However, Munsters will continue to contribute to the group by joining the board of Edmond de Rothschild Asset Management in France, the company says.
Munsters says: “In a short but exciting period at Edmond de Rothschild, I have been able to review and prepare a new and integrated asset management strategy.
“I have reluctantly taken the decision to step down and to return to the Netherlands.”
The firm has also promoted Renzo Evangelista and Stéphane Pardini as deputy directors in the French Private Bank.
In addition, Didier Deléage has been appointed chief executive officer of Edmond de Rothschild Asset Management for France.
Ariane de Rothschild, chairwoman of the group executive committee says: “I have asked Vincent Taupin to assume responsibility for the asset management business alongside his existing French private banking role.
“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.”