Winners Rationale

“Lombard Odier was awarded Best Pure Play Private Bank – Discretionary Portfolio Management for the strength, consistency and evolution of its discretionary investment approach in Asia, underpinned by strong DPM inflows and a significant increase in penetration rates by both client accounts and assets under management,” said Audrey Raj, editor of Asian Private Banker.

“Central to this success is the bank’s DPM transition from a purely quantitative, risk-based framework to a capital-based SAA–TAA investment architecture, now embedded within its flagship house view. This shift has enhanced portfolio resilience while allowing discretionary strategies to respond more effectively to changing market conditions.

“Lombard Odier delivered market-leading performance, outperforming peers over the one and three-year horizon. These results reflect disciplined portfolio construction, thoughtful asset allocation and a clear emphasis on long-term risk-adjusted returns rather than short-term positioning.

“The bank’s discretionary portfolios benefited from a deliberate strategic bias towards US equities, complemented by increased allocations to alternative assets such as hedge funds. This combination provided diversification across economic cycles while helping to dampen volatility during periods of market stress. Allocation to gold further strengthened portfolios, supported by sustained demand from central banks and private investors.

“In 2025, Lombard Odier increased the number of DPM specialists in Asia and upskilled the team. Innovation that year further strengthened the offering, with the rollout of a second-generation client management platform, enhancements to its digital dashboard, and the introduction of a new portfolio analytics tool. These digital improvements boosted portfolio visibility, analytics, and engagement, enabling clients and advisors to access insights more efficiently while supporting a seamless end-to-end mandate experience.

“Taken together, strong investment results, platform-driven innovation, and disciplined execution distinguish Lombard Odier’s DPM offering, making it a clear winner in the pure play category. Congratulations to the team led by John Woods.”