Rothschild & Co has appointed Grégoire Salignon as head of its French private bank Rothschild Martin Maurel, replacing Alain Massiera. Massiera will remain in an active strategic role. Salignon joined Rothschild & Co in 2002 as a wealth planning specialist and became deputy chief executive of Rothschild Martin Maurel in 2023. From 12 April, he oversees the firm's wealth management operations across France, Belgium, Luxembourg, Italy and Monaco. Massiera has led Rothschild Martin Maurel's wealth and asset management activities since 2011, during which time assets under management increased 6.5 times. He will continue working with major clients and expansion projects, including the Italian branch launch and Monaco subsidiary support. Executive chairman Alexandre de Rothschild said the transition ensures management stability aligned with client expectations.

Otonomi, the pioneering, block-chain-enabled parametric insurance platform, that for the first time in the industry offers cargo delay protection, has successfully completed a US$5m Series A funding round. The oversubscribed round was led by a consortium [...]