Penny Lovell

Spear’s Review

Penny Lovell was appointed CEO of UK private banking at Edmond de Rothschild in early 2025. At the same time, the Swiss bank announced it had increased its stake in London-based Hottinger Group to 70 per cent – a clear signal of its plans to expand its presence in the UK.

With a 20-year career in wealth management that includes senior roles at Coutts, Stonehage Fleming and Citi, Lovell will be responsible for guiding UHNWs through complex financial, business and estate planning decisions. She will also lead Hottinger’s senior management and existing teams in the UK. 

In a 2017 interview, Lovell told Spear’s that she was first inspired to join the financial services industry by her mother, who had ‘a passion for the stock market and the city that would have rivalled Mark Carney’s’.

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Power List Profile

Penny Lovell is CEO of Edmond de Rothschild Private Banking UK, which offers family office services and discretionary investment management. ‘Wealth should be purposeful – that means investing with conviction, integrity and a long-term view. We partner with families who need their capital to create more than performance alone. Our independence gives us the freedom to think creatively, build deep relationships and make impact for future generations.’ Penny took the helm in 2025, after Edmond de Rothschild bought a majority stake in Hottinger, and she continues to shape the firm’s UK private banking strategy. For years Penny has worked with charities and foundations, including today with charities Pennies and Prism the Gift Fund.