GLOBAL – Switzerland’s Edmond de Rothschild Asset Management aims to increase assets under management (AUM) by more than one-third to CHF80bn (€66bn), group chief executive Christophe de Backer has said as he unveiled the group’s four-year strategic plan.

The group said it would focus on expanding the reach of its asset management business.

To that end, it appointed Laurent Tignard, formerly of HSBC Asset Management, as group chief executive for the division earlier this year.

Publishing its business plan for 2013-16, de Backer said the group aimed to increase AUM by CHF25bn from its current level of CHF55bn, with the asset management division one of the pillars of growth.

Tignard added that he hoped additional AUM would be attracted over the next three years by “optimising” the asset management division.

“This means close cooperation with our private banking business, our distribution partners and leading institutional clients that choose us because we have become a benchmark in particular investment areas,” he said.

He added that the company would continue to focus on its six core markets within Europe but that “other, more distant areas” would be targeted through partnerships rather than the opening of additional offices, such as the group’s cooperation with BBM Investimentos in Brazil.