Private bank and asset manager Edmond de Rothschild has reported a 41 percent increase in profits in its full year 2023 results.

Gross operating profits grew from CHF 172 million at the end of 2022 to CHF 243 million.

Meanwhile net income increased 84 percent from CHF 54 million to CHF 100 million.

Net new money stood at CHF 11.6 billion, representing a growth rate of 7.5 percent. 

In 2023 EdR opened an office in Dubai to help support its grow...