Private banking and asset management company Edmond de Rothschild announced the appointment of Eric de Tessières as Group Chief Sustainability Officer, overseeing the firm’s sustainability initiatives, across asset management and private banking.

de Tessières joins Edmond de Rothschild after nearly 20 years at BNP Paribas, most recently as Chief Operating Officer of the Sustainability Center and Head of Solidarity Investments at BNP Paribas Asset Management. He initially joined BNP Paribas Investment Partners in finance and business development positions for emerging countries after starting his career at Ernst & Young. Other positions he held at BNP include project manager for the Chief Executive Officer, and Head of Offering Activity and Projects at BNP Paribas Wealth Management.

Based in Paris, de Tessières will be responsible for driving and monitoring Edmond de Rothschild’s sustainability strategy in its investment platforms and products, as well as representing the group’s sustainable development initiatives externally and internally.

Cynthia Tobiano, Deputy CEO of Edmond de Rothschild, said:

“We are pleased to welcome Eric to Edmond de Rothschild. Sustainability is a long-standing commitment for our group. Eric will be able to navigate an increasingly restrictive regulatory environment and headwinds from the financial industry.”

Edmond de Rothschild noted that 50% of its assets under management are classified as Article 8 or 9 according to SFDR guidelines.