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Capitalism stands accused of all kinds of social and environmental transgressions and of milking society rather than nourishing it. Capitalism is in crisis and has to reinvent itself.

The outlook is grim and political leaders have at last gauged the magnitude of the problems they face. This should make the markets less unpredictable.

Christophe de Backer will be joining the Edmond de Rothschild Group on February 1, 2012, initially as Chairman of the Executive Committee of Banque Privée Edmond de Rothschild in Geneva. His appointment was approved by the Board of Directors of Banque Privée Edmond de Rothschild at a meeting held in Geneva on January 10, 2012.

The world is facing major changes today, and more than ever we need to find innovative and sustainable solutions to economic, social and environmental challenges.

This year ultimate victory just slipped from the grasp of the crew of Edmond de Rothschild Group. However, Pierre Pennec and his three crew certainly don’t have anything to be ashamed about in their very fine second place given the fantastic line-up that made up the fleet for this year’s Extreme Sailing Series and the intensity of this 2011 season.