Geneva-based Edmond de Rothschild Group has hired Michel Longhini from UBP to serve as its new head of private banking.

Longhini will assume the new responsibiliity on 1 November 2019 and have a seat on the group executive committee.

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Businesses in Switzerland, Belgium, France, Israel, Italy, Luxembourg, Monaco, Portugal, Spain and the UK will be under his remit in the new capacity.

Currently, Longhini heads UBP’s private banking arm.

At UBP, CEO Guy de Picciotto will replace Longhini on a temporary basis as the firm works on overhauling its governance structure.

Previously, Longhini had a stint at BNP Paribas, where he led the international and Asia private banking businesses.

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Edmond de Rothschild (Suisse) chair of the board of directors Ariane de Rothschild said: “As shareholders, we are always committed to supporting the growth of our business, thereby demonstrating our faith in the success of our teams and our group.

“Michel Longhini’s appointment illustrates the power of our brand and the relevance of our strategy.”

Other leadership changes at Edmond de Rothschild

Recently, Vincent Taupin was named as the CEO of Edmond de Rothschild.

Cynthia Tobiano and Christophe Caspar were appointed as the firm’s new deputy CEO and head of group asset management, respectively.

Last month, Edmond de Rothschild (Europe) named Yves Stein as its new chief, replacing Bernard Coucke.

The management reshuffle comes shortly after the Benjamin de Rothschild family unveiled plans to take Edmond de Rothschild (Suisse) private.