Annual Report 2011 - Hong Kong Monetary Authority

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1965-1996 First Vice-President, then Deputy General Manager of Banque Privée SA (became Banque Privée Edmond de Rothschild SA in 1987). Member of the Executive Committee. Assigned to organise and manage Banca Privata Edmond de Rothschild Lugano SA (a subsidiary of Banque Privée SA, Geneva) in 1972 Present duties 1997-present Director and Secretary of the Board of Directors of Banque Privée Edmond de Rothschild SA, Geneva and currently a member of the Board Committee and the Audit Committee Directorships Banca Privata Edmond de Rothschild Lugano SA, Lugano Memorial Adolphe de Rothschild, Geneva Equitas SA, Geneva John Alexander 1) Member, British, 1941 Education / training BA (honours), Oxford University Career summary 1972-1983 Director of Hill Samuel & Co. Limited Present duties Since 1984 CEO of Edmond de Rothschild Limited, LCF Edmond de Rothschild Securities Limited and LCF Edmond de Rothschild Asset Management Limited, London Directorships Sterling Insurance Group Limited The Bristol Port Company (Trustees) Limited First Corporate Shipping Ltd, UK Banque Privée Edmond de Rothschild SA, Geneva La Compagnie Financière Edmond de Rothschild Banque, Paris Banque Privée Edmond de Rothschild Europe, Luxembourg Compagnie Financière Saint-Honoré, Paris Leveraged Capital Holdings NV, Curaçao Trading Capital Holdings NV, Curaçao European Capital Holdings SA, Luxembourg Asian Capital Holdings Fund, Luxembourg Edmond de Rothschild International Funds Ltd. CPRE Oxfordshire Buildings Preservation Trust Limited FEDEX Corporation SA, Panama Thatchcastle Limited (United Kingdom) The Great Haseley Windmill Trust (United Kingdom) Pacific Alliance Asia Opportunity Fund Limited 1) = until 26 April 2012 Luc J. Argand Member, Swiss, 1948 Education / training 1968 Diploma in Classical Studies, Collège Calvin (Geneva) 1968-1972 University of Geneva 1972 Master’s in Law, University of Geneva 1972-1974 Articled at Antoine Hafner Solicitors 1974 Admitted to the Geneva Bar 1976 MBA, INSEAD Career summary and present duties 1977-1981 Trained at La Compagnie Financière Benjamin & Edmond de Rothschild; Goldman Sachs, New York; NMR, London Worked for Banque Privée Edmond de Rothschild SA, Geneva 1982-present Partner of Pfyffer & Associés Solicitors, Geneva Since 1986 Director of Banque Morval SA, Geneva 1993-present Director of Banque Privée Edmond de Rothschild SA Geneva 1996-1998 President of the Geneva Bar Association 1998-2006 President of the Arbitral Tribunal set up by the Selfregulating Body of the Swiss Attorneys Federation under the Law on the Prevention of Money Laundering 1990-present Arbitrator for the Court of Arbitration for Sport, Lausanne 1998-2007 Member of the Geneva Magistrates’ Upper Council 2004-present Member of the Geneva Notaries’ Supervisory Commission 2005-<strong>2011</strong> President of the Geneva Auto Show Since 2007 Director of Banque Syz & Co SA, Geneva Walter Blum Gentilomo 1) Member, Swiss, 1941 Education / training Studied in the UK and trained in various financial institutions Career summary and present duties 1964 Joined Banca Solari & Blum, Lugano 1975 Became CEO of Banca Solari & Blum, Lugano 1991 Became Chairman of the Executive Committee of Banca Solari & Blum, Lugano 1998 Banca Solari & Blum becomes Banca Privata Edmond de Rothschild Lugano SA Since 2002 Member of the Board of Directors and Board Committee of Banca Privata Edmond de Rothschild Lugano SA CORPORATE GOVERNANCE 29
Michel Cicurel Member, French, 1947 Education / training 1969 Graduated from the Institut d’Etudes Politiques, Paris 1970 Master’s in Economics 1973 Graduated from the Ecole Nationale d’Administration, Paris Career summary 1973-1977 Headed the Financing and Trusteeships division of the French Treasury 1977-1979 Assistant Director in charge of financing for the Construction division of the Ministry of Equipment and Housing 1979-1982 Project manager, then head of the Cabinet of the Treasury Director 1983 Project manager for Compagnie Bancaire 1984 CEO of Banque Cortal 1988 Deputy CEO of Compagnie Bancaire 1989-1991 Managing Director of Galbani (Groupe BSN) 1991-Jan. 1993 Director and CEO of CERUS 1992-Jan. 1996 Chairman and CEO of Banque Duménil-Leblé 1993-1999 Vice-Chairman and CEO of CERUS Present duties Since Jan. 1999 Chairman of the Executive Board of La Compagnie Financière Edmond de Rothschild Banque, Paris Chairman of the Executive Board of Compagnie Financière Saint-Honoré, Paris Director Member of supervisory board Bouygues Telecom La Société Générale Member of the Supervisory Board of Publicis François Hottinger Member, Swiss, 1943 Education/training 1965 French Banking Association courses at the Sorbonne 1966-1967 Trained at BNP (ex BNCI), Paris 1967-1968 Trained in the commercial banking department of Banque Hottinguer & Cie, Paris 1968 Trained at Baring Bros, London 30 <strong>2011</strong> ANNUAL REPORT - BANQUE PRIVÉE EDMOND DE ROTHSCHILD SA Career summary 1969-1992 Managing partner of Banque Hottinger & Cie, Zurich 1975-1990 Managing partner of Banque Hottinguer & Cie, Paris 1992-2008 Managing partner of J.F.E. Hottinger & Co, Zurich Present duties Since 1970 Director of Banque Privée Edmond de Rothschild SA, Geneva Since 1992 Director of Jean-Philippe Hottinguer & Cie, Corporate Finance SA, Paris Since 1992 Director of Jean-Philippe Hottinguer & Cie, Gestion Privée SA, Paris Since 1995 Director of Bolux Sicav, Luxembourg Since 1998 Chairman of the supervisory board of Banque Jean-Philippe Hottinguer & Cie, Paris Since 2009 Partner of J.C.E. Hottinger & Co, Zurich Klaus Jenny Member, Swiss, 1942 Education / training 1967 M. Sc. in Economics (major in banking), University of Saint Gallen) 1973 Ph. D. in Economics, University of Saint Gallen) 1975 Master’s in Law, Glaris Canton 1986 Program for Senior Executives, Massachusetts Institute of Technology Career summary 1972-1998 Credit Suisse / Credit Suisse Group from 1987 Member of the Executive Board Member of the Executive Board Committee Member Executive Board of Credit Suisse Group CEO of Credit Suisse Private Banking Since 1999 Self-employed financial consultant for companies, institutions and private clients Directorships Since 2003 Bâloise Holding Since 2005 Clariant SA Since 2000 Maus Frères SA Since 2001 Téléverbier SA Since 2009 Edmond de Rothschild Holding SA Since 2010 Banque Privée Edmond de Rothschild SA Various other directorships for smaller companies and assignments for boards of charitable foundations
Page 1 and 2: Annual Report 2011
Page 4 and 5: Contents 6 20 Banque Privée Edmond
Page 7 and 8: Banque Privée Edmond de Rothschild
Page 9 and 10: 1 4 1 Odéon, Théâtre de l’Euro
Page 11 and 12: within our group, which have develo
Page 13 and 14: Is this the end of the market econo
Page 15 and 16: dangerous to bet on bureaucracy as
Page 17 and 18: SENIOR MANAGEMENT Head Office Execu
Page 19: BRANCHES In Switzerland Fribourg Se
Page 22 and 23: Social Entrepreneurship Economic te
Page 24 and 25: Corporate governance Introduction O
Page 26 and 27: 1.1.2. / 1.1.3. Group legal structu
Page 28 and 29: 2.6. Transferability restrictions a
Page 32 and 33: Jean Laurent-Bellue Member, French,
Page 34 and 35: 3.2. Other activities and vested in
Page 36 and 37: 3.5. Powers The Board of Directors
Page 38 and 39: 4. Executive Committee The Executiv
Page 40 and 41: Jean-Pierre Pieren Member, Swiss, 1
Page 42 and 43: Present duties Since 1988 Chief Fin
Page 44 and 45: 5. Remuneration, profi t-sharing an
Page 46 and 47: This scheme was implemented for a f
Page 48 and 49: 7. Take-overs and defensive measure
Page 50 and 51: 9. Information policy Banque Privé
Page 52 and 53: Intercultural Dialogue Too often, p
Page 54 and 55: Key fi gures Banque Privée Edmond
Page 56 and 57: Awards 2011 in Milan and Large Fund
Page 58 and 59: esources of institutional clients i
Page 60 and 61: Outlook for 2012 2012 will be marke
Page 62 and 63: Report on other legal requirements
Page 64 and 65: Abroad Banks Banque Privée Edmond
Page 66 and 67: Prifund Conseil SA Luxembourg 3) 10
Page 68 and 69: Dividends are eliminated through re
Page 70 and 71: Personnel welfare liabilities Contr
Page 72 and 73: Consolidated balance sheet at 31 De
Page 74 and 75: Consolidated cash fl ow statement a
Page 76 and 77: - The Risk Manager sees to it that
Page 78 and 79: 2011 2010 Change (in CHF ‘000) (i
Page 80 and 81:
2011 2010 Change (in CHF ‘000) (i
Page 82 and 83:
Forex adjustments Redesignations In
Page 84 and 85:
Situation at end-2010 Uses and rele
Page 86 and 87:
2011 2010 (in CHF ‘000) (in CHF
Page 88 and 89:
2011 2010 Change (in CHF ‘000) (i
Page 90 and 91:
22 Breakdown of consolidated assets
Page 92 and 93:
2011 2010 Change (in CHF ‘000) (i
Page 94 and 95:
(Note 26 cont’d) 2011 2010 Positi
Page 96 and 97:
2011 2010 Change (in CHF ‘000) (i
Page 98 and 99:
2011 2010 42 Earnings per share Gro
Page 100 and 101:
Health and Research For over a cent
Page 102 and 103:
Key fi gures of Banque Privée Edmo
Page 104 and 105:
Roundup of results The Bank’s net
Page 106 and 107:
Elections as per our Articles of As
Page 108 and 109:
Breakdown of revenues (% of total)
Page 110 and 111:
Report on other legal requirements
Page 112 and 113:
Balance sheet at 31 December 2011 (
Page 114 and 115:
Notes to the fi nancial statements
Page 116 and 117:
2011 2010 Change (in CHF ‘000) (i
Page 118 and 119:
2011 2010 Change (in CHF ‘000) (i
Page 120 and 121:
Par value Number of shares 2011 201
Page 122 and 123:
Loans granted to the Bank’s gover
Page 124 and 125:
(Note 15 cont’d) 2011 2010 Employ
Page 126 and 127:
2011 2010 Change (in CHF ‘000) (i
Page 128 and 129:
Edmond de Rothschild Conseil et Cou
Page 130 and 131:
Other Edmond de Rothschild Group co
Page 132 and 133:
Other Edmond de Rothschild Group co
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Annual Report 2011 - Hong Kong Monetary Authority

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