Lombard Odier’s net profit slips 14% YOY, AUM stays flat despite CHF weakening

31 August 2016 | 2 minutes read

Reduced levels of transaction-based income coupled with increased costs in various areas caused Lombard Odier’s net profit to slip 13% year-on-year, while AUM remained stable despite the strengthening of the Swiss franc. According to Lombard Odier Group, its AUM remained stable at CHF223 billion (US$227 billion), compared to CHF224 billion (US$228 billion) by 2015-end on the back of positive contributions…

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