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Ariane de Rothschild

Ariane de Rothschild
Rothschild in 2016
Born
Ariane Langner

(1965-11-14) November 14, 1965 (age 59)
San Salvador, El Salvador
NationalityFrench
Alma materPace University
OccupationCEO of Edmond de Rothschild Group
Spouse
(m. 1999; died 2021)
Children
  • Noémie de Rothschild
  • Alice de Rothschild
  • Eve de Rothschild
  • Olivia de Rothschild
  • Juliana Blue de Rothschild
Parents
  • Wolfgang Langner (father)
  • Michelle Langner (mother)
FamilyRothschild

Ariane de Rothschild (née Langner; 14 November 1965) is a Salvadorean-French banker, CEO of Edmond de Rothschild Group since March 2023. She is the first woman and the first person without Rothschild lineage to run a Rothschild-branded financial institution.[1]

She was married to Benjamin de Rothschild from 23 January 1999 until his death on 15 January 2021. They have four daughters.[2]

In 2024, the net worth of the Ariane de Rothschild family was estimated at 5 billion euros by French weekly business magazine Challenges.[3]

Family

Ariane Langner was born in San Salvador, El Salvador. Her father was a senior executive at the international pharmaceutical company Hoechst. Until the age of eighteen, Ariane Langner lived with her parents in Bangladesh, Colombia and the former Zaire (DRC).[4][5]

In January 1999, she married Benjamin de Rothschild, son of Edmond de Rothschild and heir of the Edmond de Rothschild Group. They have four daughters.[5] Her husband Benjamin de Rothschild died on 15 January 2021 of a heart attack at his home in Pregny-Chambésy, Switzerland.[6] Ariane de Rothschild is not Jewish and did not convert to Judaism.[7]

Education

Ariane Langner attended the French lycée in Zaire,[8] studied at Sciences Po in Paris [9] and holds an MBA in financial management from Pace University in New York, where she studied from 1988 to 1990.[5][10]

Career

While studying at Pace, Ariane Langner was a broker at Société Générale in New York City. After graduating in 1990, she joined AIG’s New York offices, and relocated to AIG's trading floor in Paris the same year. She met Benjamin de Rothschild, a client of AIG, in 1993.[5][11]

After marrying Benjamin de Rothschild in 1999, Ariane de Rothschild joined the family business La Compagnie Financière Edmond de Rothschild (LCF) by taking on the management of the group's lifestyle assets (wineries, farms, hotels, restaurants). In 2005, she restructured the group's philanthropic activities with the intent to develop a sustainable "return on engagement" philanthropic model, which led to the creation of the Edmond de Rothschild Foundations, a structure active in five different fields : Art and culture, health and research, philanthropy, cultural dialogue and social entrepreneurship.[12][13]

In 2006, she joined the supervisory board of LCF Edmond de Rothschild.[9] In 2008, she was appointed board member of the group, and vice-president in 2009.[14] She focused her agenda on environmental and social impact investments, and on restructuring the company's scattered assets and subsidiaries.[12][15] In 2010, LCF Edmond de Rothschild changed its name to Edmond de Rothschild Group.[16] In 2014, all of the group's financial and non-financial assets were reorganized within the group's structure.[17] In 2015, the group published a sustainability report for the first time.[18]

On 30 January 2015, Ariane de Rothschild became the president of the executive committee, overseeing the group's operations.[19][20] She was nominated to give a new impetus to the company.[21] She brought a self-proclaimed "panache" to the spirit of the bank,[4] sparking innovation within the group's executive lines [22] and breaking the ice in the banking industry with a new leadership style.[5]

In 2016, she finalized the reorganization of the group's lifestyle assets under the new label Edmond de Rothschild Heritage.[23] She pulled the Edmond de Rothschild Group out of Asia and, the following year, in 2017, she implemented the Avaloq banking technology.[24] In March 2019, the company removed Edmond de Rothschild (Switzerland) S.A. from public trading, making it entirely held by the group. Ariane de Rothschild became chairman of the board. The French business was folded into the Swiss company to simplify the structure of the group.[25] In January 2021, her husband Benjamin de Rothschild died, which gave her majority control over the Edmond de Rothschild Group via her four daughters’ votes.[26] In March 2023, she took over as CEO of the group.[27]

Other activities

From 2003 to 2011, the Ariane de Rothschild Art Prize awarded contemporary art initiatives.[28] The Ariane de Rothschild Women's Doctoral Program in Israel was launched in 2009 to provide full financial support and enhanced educational programs to women pursuing a doctoral program.[29] The following year, in 2010, the Ariane de Rothschild Fellowship Program was launched to foster intercultural dialogue through social entrepreneurship and social science, especially between the Jewish and Muslim communities.[12][30]

In 2012, she talked with Warren Buffett about philanthropy in the first scene of the documentary The Billionaires' Pledge.[31]

In 2018, she led the acquisition of the fragrance company Parfums Caron and managed the revival of the brand,[32] focusing its distribution on Middle Eastern countries.[33] After the death of husband Benjamin de Rothschild in 2021, she took over the management of the sailing stable Gitana Team.[34] In 2021, she released the first vintage of the rosé wine L'Amistà (Château Roubine, Côtes de Provence) she co-developed.[35]

In 2023, a Wall Street Journal investigation revealed that de Rothschild had more than a dozen meetings with convicted sex offender Jeffrey Epstein.[36] The bank initially denied that she had met with him, but later admitted that Rothschild "met with Epstein as part of her normal duties at the bank between 2013 and 2019". The journal also reported that she helped him find assistants.[36]

Distinctions

  • 2022: Swiss Finance's Women To Watch[37]

See also

Further reading

  • Meyer-Léotard, Camille; Orsenna, Erik (21 November 2009). L'art du geste, engagement et passion de Benjamin et Ariane Rothschild. Beaux Livres. ISBN 978-2845973602.

References

  1. ^ Agnew, Harriet (15 March 2019). "Ariane de Rothschild challenges Swiss conservatism". www.ft.com. Retrieved 2020-02-20.
  2. ^ Corriere della Sera: "Interview with Baroness Benjamin de Rothschild" retrieved April 1, 2012
  3. ^ Challenges (2022-06-06). "Ariane de Rothschild et sa famille - Les 500 plus grandes fortunes de France". Challenges (in French). Retrieved 2023-02-10.
  4. ^ a b Ross, Alice (16 October 2018). "Ariane de Rothschild on why she wants to shake up private banking". Financial Times. Retrieved 2020-02-19.
  5. ^ a b c d e Times, John Gapper, Financial (5 March 2016). "Ariane de Rothschild: 'I'm just the one taking the heat' - SWI swissinfo.ch". SWI swissinfo.ch. Retrieved 2016-03-18.{{cite web}}: CS1 maint: multiple names: authors list (link)
  6. ^ "Banking heir Benjamin de Rothschild dies at 57". AP NEWS. 2021-01-16. Retrieved 2021-01-19.
  7. ^ Ben Hartman (2010-10-12). "Looking for leadership". Jpost.com.
  8. ^ John Gapper, Lunch with the FT: Ariane de Rothschild, Ft.com, 4 March 2016
  9. ^ a b Roques, Jean-Baptiste; France, Condé Nast Digital (2015-04-08). "Rothschild contre Rothschild : comment Ariane a changé la famille". Vanity Fair (in French). Retrieved 2020-02-20.
  10. ^ Pellegrino, Katya. "Ariane de Rothschild, a free spirited, atypical and rebellious banker | News | Luxe Magazine". www.luxe-magazine.com. Retrieved 2020-02-19.
  11. ^ Benoît-Godet, Stéphane; Zaki, Myret (2 June 2010). "La banquière la plus puissante de Suisse" (PDF). Bilan (in French). Archived from the original (PDF) on 20 February 2020. Retrieved 19 February 2020.
  12. ^ a b c Avriel, Eytan; Heruti-Sover, Tali (2010-11-05). "The Game of the Name". Haaretz. Retrieved 2020-02-20.
  13. ^ "Ariane de Rothschild, agitatrice de dynastie". www.terrafemina.com (in French). Retrieved 2020-02-20.
  14. ^ Chaperon, Isabelle (22 November 2016). "Ariane de Rothschild, the impatient Baroness". Le Monde (in French). Retrieved 2020-02-20.
  15. ^ Sidler, David (15 February 2010). "Sustainability is balance, Ariane de Rothschild has an undeniable passion". www.swissstyle.com. Retrieved 2020-02-20.
  16. ^ "Changement de nom et nouveau blason". edmond-de-rothschild.com (in French). 4 January 2010. Retrieved 2020-02-20.
  17. ^ "Annual report 2014" (PDF). Edmond-de-Rothschild.com. 2014. Archived from the original (PDF) on 20 December 2019. Retrieved 20 February 2020.
  18. ^ Ethical Performance (23 July 2015). "Edmond de Rothschild Group Publishes First Sustainability Report". www.3blmedia.com. Retrieved 2020-02-20.
  19. ^ Bray, Chad (14 February 2015). "Edmond de Rothschild Group Names Chairman's Wife as C.E.O." DealBook. Retrieved 2020-02-20.
  20. ^ "Edmond de Rothschild elects chairman's wife Ariane as new CEO". CityAM. 2015-01-14. Retrieved 2020-02-20.
  21. ^ Agnew, Harriet; McCormick, Myles (13 March 2019). "Edmond de Rothschild to take its Swiss bank private". www.ft.com. Retrieved 2020-02-20.
  22. ^ Lewis, Carol. "Ariane de Rothschild: 'We need to not just talk the talk on ethical ventures'". The Times. ISSN 0140-0460. Retrieved 2020-02-20.
  23. ^ Montefiore, Adam (29 August 2018). "Wine Talk: Maintaining and building a legacy". The Jerusalem Post. Retrieved 2020-02-20.
  24. ^ Katharina, Bart (2021-05-19). "Ariane de Rothschild Puts Imprint on Family's Firm". finews.asia. Archived from the original on 2021-05-19. Retrieved 2021-12-23.
  25. ^ Torsoli, Albertina; Winters, Patrick (13 March 2019). "Rothschild Baroness Plots Swiss Private Bank Expansion After Bid". www.bloomberg.com. Retrieved 2020-02-20.
  26. ^ Lamster, Katharina (13 July 2022). "Ariane de Rothschild: Die Privatbank, die ausschließlich Frauen gehört". www.private-banking-magazin.de (in German). Retrieved 2022-10-06.
  27. ^ "Baroness Ariane Takes the Scepter at Edmond de Rothschild". finews.com. 2023-03-15. Retrieved 2023-04-07.
  28. ^ "History of the Prize". prize.ariane-de-rothschild.com. Retrieved 2020-02-20.
  29. ^ "Doctoral dynamos | The Ariane de Rothschild Program advances outstanding women in science". WeizmannCompass. 2019-02-19. Retrieved 2020-02-20.
  30. ^ Banjo, Shelly (2010-07-03). "Building a Strong Bridge Between Clashing Cultures". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-02-20.
  31. ^ Michael Alberg-Seberich, Buffett meets Rothschild: clash of giving cultures?, Alliancemagazine.org, 16 April 2012
  32. ^ Becki Murray, A fragrant revival: how the Rothschild family transformed Caron, Style.yahoo.com, 4 March 2021
  33. ^ Prideaux, Sophie (2023-05-20). "Baroness Ariane de Rothschild on reimagining historic Paris perfume house Caron". The National. Retrieved 2023-06-09.
  34. ^ "Maxi Edmond de Rothschild expected into Lorient before the weekend". www.sail-world.com. 2021-12-03. Retrieved 2022-10-06.
  35. ^ "Amistà, un grand rosé au nom de l'amitié". Terre de Vins (in French). 2022-03-14. Retrieved 2022-07-25.
  36. ^ a b Safdar, Khadeeja; Benoit, David (2023-04-30). "WSJ News Exclusive - Epstein's Private Calendar Reveals Prominent Names, Including CIA Chief, Goldman's Top Lawyer". WSJ. Retrieved 2023-05-01.
  37. ^ "Swiss Finance's Women To Watch in 2022". finews.asia. 2021-12-29. Retrieved 2022-10-06.