Annual Report 2011 - Hong Kong Monetary Authority

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Jean Laurent-Bellue Member, French, 1951 Education / training 1974 Institut d’Etudes Politiques de Paris 1975 Licences in Literature and Law 1977 MBA from the Hautes Etudes Commerciales Career summary 1978-1980 Executive with the Compagnie du Midi Group 1980-1987 Institut de Développement Industriel (IDI), first as a budget controller and later in charge of marshalling equity investments and managing the portfolio of holdings 1987-1999 Various duties with the Crédit Commercial de France Group relating to corporate finance and private equity: - 1987-1999: CEO of Nobel, in charge of investments - 1993: Central Manager and a member of the Executive Board of CFF - 1994-1998: in charge of corporate finance in Paris and London (Charterhouse Bank) - 1998-1999: responsible for private equity in Paris and London (Charterhouse Development Capital) 2000-2004 Member of the Executive Board of Crédit Lyonnais Group 2004 LCF Edmond de Rothschild Group (now Edmond de Rothschild Group) as a member of the Executive Board of La Compagnie Financière Edmond de Rothschild Banque and Chairman of the Executive Board of Edmond de Rothschild Corporate Finance 2009-2011 Secretary-General of the Executive Board of Compagnie Financière Saint Honoré and Chairman of the Board of Directors of Edmond de Rothschild Corporate Finance Present duties Since Jan. 2011 Group Secretary-General at Edmond de Rothschild Holding SA, Geneva 2011 Member of the Boards of Directors of Banque Privée Edmond de Rothschild SA, Geneva and CFSH, Paris Other directorships Since 1999 Director and member of the Supervisory Board of KPMG Associés Since 2005 Director and member of the Supervisory Board of KPMG SA and KPMG ASSOCIES (SA) Since 2008 Member of the Supervisory Board of d’Edmond de Rothschild Private Equity Partners Veit de Maddalena Member Swiss, 1967 Education / training 1988-1994 University of Bern licentiatus rerum politicarum – Business Administration 1998-1999 London Business School, London Master’s in Science and Finance Career summary 1994-1995 Credit Suisse, Chiasso – Assistant to the Regional Manager 1996 Credit Suisse Private Banking, Lugano – Assistant to a member of the Executive Committee, CSPB 1997-1998 Credit Suisse Private Banking, London – Head of Client Management 1999-2002 Credit Suisse (Monaco) SAM, Monaco – Chairman and CEO Member of the Credit Suisse Private Banking Market Group 2 Management Committee 2003-2006 Credit Suisse Trust Group – Chairman and CEO Member of the International Private Banking Management Committee 2006-2007 Rothschild Bank AG, Zurich – Chairman and CEO Present duties Since 2008 Rothschild Wealth Management & Trust Chairman, CEO and member of the Group Management Committee Directorships Banque Privée Edmond de Rothschild SA Charles Rodolphe Brupbacher Foundation Chairman of Rothschild Private Trust Holding AG INSEAD Advisory Council Personnel Welfare Foundation of Rothschild Bank AG, Zurich Rothschild Bank Foundation, Zurich Jacques-André Reymond Member, Swiss, 1937 Education / training 1959 Master’s in Law, University of Geneva 1962 Master’s in Commerce, University of Geneva 1963 Degree from the Institute of Comparative Law, New York University 1966 Admitted to the Geneva Bar 1973 Ph. D. in Law, University of Geneva CORPORATE GOVERNANCE 31
Career summary 1964-1965 Articled at Shearman & Sterling, New York 1965-1966 Articled at Helg, Picot, Grandjean, Geneva 1966-1968 Worked for Lenz Solicitors 1968-1996 Worked for and in 1972 became a partner of Sandoz, Mayor, Moreillon & Reymond Solicitors 1974-1998 Professor of commercial and tax law at the Faculty of Law, University of Geneva, Dean from 1989 to 1993 Present duties Solicitor, honorary professor at the University of Geneva, member of the Board of Directors of Banque Privée Edmond de Rothschild SA, member of the Board of Directors of Edmond de Rothschild Holding SA, Chairman of the Bureau of Edmond de Rothschild Holding SA and Vice-Chairman of the Audit Committee of Banque Privée Edmond de Rothschild SA Baroness Benjamin de Rothschild Member, French, 1965 Education / training 1984 A-levels, Kinshasa (Zaïre) - Nantes Academy 1988 BBA in Finance, Pace University, New York 1990 MBA in Financial management, Pace University, New York Career summary 1988-1990 Financial analyst, then currency dealer at Société Générale, Australia and New York 1990-1995 Currency dealer at AIG, New York. Helped launch Paris subsidiary and developed business in Europe Directorships Since 2008 Edmond de Rothschild Holding SA, Geneva – Vice-Chairwoman (since November 2009) Since 2008 Holding Benjamin et Edmond de Rothschild Pregny SA, Pregny Since 2008 La Compagnie Financière Saint-Honoré, Paris Since 2008 La Compagnie Financière Edmond de Rothschild Banque, Paris Since 2008 Baron et Baronne Associés, Paris Since 2008 Chairwoman of BeCitizen SAS, Paris Since 2008 Banque Privée Edmond de Rothschild SA, Geneva Since 2010 SIACI St-Honoré 1) = until 26 April 2012 32 2011 ANNUAL REPORT - BANQUE PRIVÉE EDMOND DE ROTHSCHILD SA Guy Wais 1) Member, Swiss, 1942 Education / training 1968 Degree in Chemical Engineering, Swiss Institute of Technology at Zurich 1972 MBA, INSEAD Fontainebleau Career summary 1968-1971 Dow Chemical Europe, Zurich 1972-1992 Guyerzeller Bank AG, Zurich From 1989 Chief Executive Officer and Chairman of the Executive Committee 1992-2006 Chief Executive Officer and Chairman of the Executive Committee of Rothschild Bank AG, Zurich Present duties Director of Rothschild Bank AG, Zurich (since 01.07.2006) Member of the Audit Committee of Banque Privée Edmond de Rothschild SA, Geneva None of the Directors had a close business relationship with Banque Privée Edmond de Rothschild SA or with a Group company.
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 30 and 31: 1965-1996 First Vice-President, the
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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