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Strategic alliances with onshore PBs carry the day: Vincent Magnenat of Lombard Odier

Vincent Magnenat, Lombard Odier

Lombard Odier is betting that its strategy of partnering with domestic private banks will give it the upper hand in tapping the region’s vast onshore wealth, according to the Swiss pure-play’s Asia-Pacific CEO. Vincent Magnenat, limited partner and APAC CEO, told Asian Private Banker that rather than forming joint ventures or directly setting up an offshore franchise, Lombard Odier’s business…

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