Edmond de Rothschild Group is on the prowl for asset management acquisitions in Europe and Asia and has a war chest of up to 800m Swiss francs (£634m) to spend on targets, according to the chief executive of the Swiss bank’s fund management division.

Christophe Caspar, who was appointed global head of Edmond de Rothschild Asset Management in April 2019 — replacing Vincent Taupin who became chief executive of Edmond de Rothschild — said he was on the hunt for deals to fill investment gaps, rather than build scale.