The bank’s assets under management were SFr15.1 billion at the end of June this year, falling 1.9 per cent from SFr15.4 billion in 2008. Net new assets, meanwhile were, SFr1.2 billion for the year ending in 2009.

A spokesperson for the bank said its performance was driven by “strong net new assets and relatively good market investment performance”, its results reflecting “continued prudent management and a conservative risk policy.” Additionally the bank was free from impairment losses and had no write-offs on its lending book, the spokesperson said.

In other recent developments, Rothschild Private Banking and Trust announced the addition of Dr Hans Heinrich Coninx to the board of directors of Rothschild Bank Zurich earlier this month. Dr Coninx is a prominent figure in Switzerland’s media industry, having been president of the Swiss Press Association and president of the board of director’s of the Swiss publishing company Tamedia for 20 years.

Rothschild Private Banking & Trust predominantly serves entrepreneurs, senior executives and wealthy families with around €5 million in investable assets. Operating from London as well as Zurich, Rothschild Private Banking has around €10 billion in assets under management.