Pauly, a member of the Christian Social People's Party (CSV), is the current president of the Saint-Paul group, the former owners of the Luxembourgish newspaper "Luxemburger Wort". He is also a member of a number of administrative boards, including at the insurance company "Lalux" of which his cousin, Pit Hentgen, is the current president. Until 2016, Pauly was also the president of the "BIL" bank.
In a press release published by the Édmond de Rothschild group, the bank states that Pauly's nomination was a natural decision. After his predecessor Vincent Taupin had carried out the "transformation of the group", the bank now wants to stick to its strategy. The latter is notably characterised by the fact that investments are guided by the so-called "ESG" criteria. ESG stands for "Ecological, social, and corporate governance".
Over the past years, the Édmond de Rothschild group received a certain amount of bad press.
Its subsidiary in Luxembourg, for instance, received a fine from the Commission for the Surveillance of the Financial Sector (CSSF) because of its involvement in the Malaysian financial scandal "1MDB".
In 2020, one of the former heads of the Russian company "Rosneft" filed a fraud complaint against Rothschild.
