Lombard Odier celebrates 10 year anniversary in Middle East with plans to increase Islamic investments offering

·      Swiss private bank doubles size over the last five years by hiring senior bankers

·      Bank continues to evolve its offering of highly tailored wealth services

 

On the eve of the 10th anniversary of its presence in the Middle East, Lombard Odier has taken steps to demonstrate its long term commitment to the region by expanding its activities and services in the UAE.

 

The bank, which has now served clients in the region for over 50 years, has doubled its size in the UAE over the last five years, hiring specialized senior bankers to meet the needs of its unique customer base. As part of the company’s steady growth, the team is also celebrating by moving its office location to the Conrad Business Tower.

 

Commenting on the anniversary, Patrick Odier, Senior Managing Partner of the Lombard Odier Group, said:

 

“The UAE forms a special centrepiece of our global network, benefitting from a location that bridges our European offices with our Asian presence, and helping us service our clients across the GCC region.”

 

“In 2016, we plan to continue to build on this, by maintaining our focus on wealth and investment management for private and institutional clients across the region.”

 

“Our perspective is unique thanks to the knowledge, history and experience cumulated over two centuries of investment related activities.”

 

In 2011, Lombard Odier decided to base its ‘New Markets’ operations out of the UAE, due to the country’s strategic geographic reach, stability and excellent connections into emerging markets. Since then, the bank has continued to reinforce its local operation, adding succession planning and relocation expertise to its offering, as well as a selection of a best in class funds managed by external fund managers. The latter has given the bank an open architecture with a wide range of investment possibilities for Lombard Odier clients.

 

 

 

“These are changing times, with volatility and economic uncertainty dominating the headlines. Clients’ needs today are increasingly complex, and companies need to react accordingly. At Lombard Odier, we are constantly evolving our offerings to allow us to deliver highly tailored banking and wealth management services,” said Christophe Lalandre, Managing Director of Lombard Odier in Dubai.

 

The development of its Islamic investments offering is a good example of the banks’ capability to adapt to the local market needs and requirements.

 

Lombard Odier has won a number of industry awards in recent years, including the “Best United Arab Emirates Private Bank” (International) at the 2015 WealthBriefing GCC Region Awards, “Best United Arab Emirates Private Bank (Pure Play)” at the 2014 WealthBriefing Awards GCC, “Best Private Bank” at the 2013 Middle East Industry Awards, and “Best Foreign Bank” at the 2012 Banker Middle East Industry Awards.

 

About Lombard Odier 

Lombard Odier is a leading global wealth and asset manager focused on providing solutions to private and institutional clients. For 220 years, the firm has been solely dedicated to serving clients and forged a strong tradition of innovation in the way it shares advice, manages investment strategies and develops new technologies.

 

With around 224 billion US dollar of total client assets (including 160 billion of assets under management), per end-December 2015, Lombard Odier provides 360 degree wealth management services including among others succession planning, discretionary and advisory portfolio management and custody services.

 

Lombard Odier Investment Managers (Lombard Odier IM), the Group’s asset management unit, offers its clients a range of innovative solutions including risk-based asset allocation, thematic equity investments, convertible bonds as well as alternative strategies.

 

One of the world’s best-capitalised banks, with a highly liquid balance sheet, Lombard Odier has grown stronger through more than 40 financial crises and stayed true to its primary vocation of preserving and growing its clients’ wealth.

 

As an independent business wholly owned by its Partners, stability is the watchword. The Partners are able to maintain a long-term vision and to develop mutual trust with their clients.

 

Lombard Odier Group employs about 2,180 people. Headquartered in Geneva since 1796, the Group has 26 offices in 19 jurisdictions including London, Paris, Zurich, Moscow, Dubai, Hong Kong, Singapore and Tokyo.

 

 

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