Edmond de Rothschild has appointed a new global asset management chief executive, hiring former Robeco boss Roderick Munsters.
Munsters replaces Laurent Tignard as head of the €78 billion (£60.69bn) asset management division. Tignard is leaving the group 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 executive committee.
Previously, Munsters was chief executive of Robeco Group from 2009 to 2015, also heading its sustainable investing arm RobecoSAM and its US multi-manager business Harbor Capital Advisors.
De Rothschild says: “We are very pleased to welcome Roderick Munsters. He has successfully run and grown large-size asset managers, empowering professionals in varying countries and with diverse backgrounds, with a strong focus on clients and portfolio performance.
“I would like to thank Laurent Tignard for his contribution to the development of our asset management business over the last three years. I wish him all the best in his future professional endeavours.”
Earlier this year Edmond de Rothschild Asset Management registered 16 Ucits funds, to be domiciled in Luxembourg, as it sought to expand in the UK market.