Origins The bank
Rougemont, Hottinger & Cie was launched in Paris by
Jean-Conrad Hottinguer in 1786. The bank was located in the Hôtel de Beaupreaux in front of the
Banque de France. The partnership with Denis de Rougemont was effectively ended on 15 October 1790 when Jean-Conrad Hottinger stepped out on his own, launching
Hottinger & Cie. In or around 1799 Jean-Conrad added a 'u' to his family name to maintain the correct pronunciation of the name in French. In 1803, France established a council of fifteen prominent bankers, or members of the
Haute Banque. These individuals were known as Regents, with the council of Regents acting as the French central bank for 143 years until it was nationalised in 1946. Jean Conrad was appointed Regent of the
Banque de France on 18 August 1803, with a succession of Baron Hottinguers sitting on the council. For the next 133 years, a Hottinger family member was on the Banque de France board. In 1968, seeking to expand the family's private banking activities, Baron Henri Hottinguer (1934–2015) moved to
Zurich to establish a new
Swiss division of Hottinger Group, with Hottinger & Cie in Zurich launching on 13 December 1968. In 1981, Baron Henri Hottinger (1934–2015) sought to further expand the Hottinger Group by launching operations in London, New York, Nassau and Luxembourg, which were independently capitalised and regulated in their respective jurisdictions by the
Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, the
Securities and Exchange Commission (SEC) in the US, and the
Financial Conduct Authority (FCA) in the UK. In 1982, Hottinger Group merged its insurance division (Drouot Groupe) with Mutuelles Unies, becoming Mutuelles Unies/Drouot which was subsequently renamed
AXA in 1985. October 1997 saw
Credit Suisse take a 70% stake in the French division of Hottinger Group, the original Banque Hottinguer, who changed its name to Credit Suisse Hottinguer. The remaining 30% stake was acquired in 2001 when Credit Suisse exercised its option to take 100% control of the French division. By 2008, with different branches of the
Hottinguer family involved in the ownership and management of Hottinger Group, Baron Henri Hottinger found it necessary to retake control. Further family disagreements followed, resulting in
Rodolphe Hottinger resigning his executive positions in 2009 to establish a competitor
wealth management business. In 2015, the Swiss division of Hottinger Group witnessed significant losses related to the fraudulent activities of an external asset management business, which ultimately led to the Swiss division's liquidation. Heritage Bank and
Standard Chartered acquired client assets from the appointed liquidator.
From bank to family office Following the death of Baron Henri Hottinger in April 2015, his son Frédéric Hottinger inherited the vast majority of his father's estate, in particular a controlling interest in Hottinger Group. Upon receiving his inheritance Frédéric Hottinger began merger discussions with a
multi-family office (Archimedes Private Office). The Financial Conduct Authority (FCA) approved the merger of Hottinger and Archimedes on 26 July 2016 with the Hottinger Group maintaining offices in London, Dublin, New York and Geneva. In 2016 the Luxembourg division of Hottinger Group was sold to Iteram Investments. In April 2019, the Hottinger Group launched an art consultancy service, Hottinger Art.
Edmond de Rothschild Group announced the sale of their U.K. wealth management business to Hottinger Group on 26 October 2021. The transaction, subject to the UK regulator's consent, would see the clients and staff of Edmond de Rothschild Private Merchant Banking LLP transfer to Hottinger. Connected to this transaction, Edmond de Rothschild acquired a 42.5% stake in Hottinger Group. At the conclusion of the agreement, in late 2021, Hottinger Group had offices in Dublin and Geneva with headquarters in London, and provided services to around 200 families. Following approval from the FCA, in June of 2022, Edmond de Rothschild and Hottinger Group completed their venture. ==Services==