Bank Stern is a financial advisory firm that engages in investment banking, family office, and other financial services primarily with institutional clients.
In the 20th century the Stern family was a shareholder of the Banque de France and was one of the main banking families in Paris with Lazard and Rothschilds in France.
During the 1980s, Edouard Stern took control of the family bank and revamped the bank, expanding its activity in financial markets, as well as in mergers and acquisitions.
Immediately after the sale went through, Stern started a new bank,[2] with a similar name and business profile, drawing in many of his former clients.
As a result of these transactions, Stern shot up the ranks of the richest families in France, occupying the 38th spot, according to Forbes.