Lombard Odier is continuing its Asia regional push with a senior hire, Asian Private Banker can reveal. Singapore-based Edwin Tan will join Lombard Odier as market head for Southeast Asia, reporting to Omar Shokur, regional head of private clients, Asia, effective 13 July 2026, the firm confirmed. “Edwin will be responsible for launching and leading a new Southeast Asia market […]

The post Lombard Odier hires ex-DBS PB Thailand and Philippines head appeared first on Asian Private Banker.

Asia’s family offices are turning to discretionary portfolio management (DPM) to navigate the twin challenges of intergenerational wealth transfer and an increasingly volatile market, according to industry experts speaking recently Asian Private Banker’s DPM Leaders Conversation 2026. “Family offices are increasingly shifting from an opportunistic mindset into a more systematic mindset. I think that’s where DPM comes into place because […]

The post UBS, Lombard Odier: How DPM is bridging generational rifts appeared first on Asian Private Banker.

Lombard Odier has added four bankers to its private clients team in Singapore and Hong Kong as the Swiss pure-play expands its private banking offerings in the region. Eugene Chan has joined the bank as team leader for Southeast Asia private clients, while Jason Yap has joined as a relationship manager. Both joined from Bank of East Asia Private Bank, […]

The post Lombard Odier adds four bankers in Asia growth drive appeared first on Asian Private Banker.

As some of the world’s largest asset managers flood private banking channels with semi-liquid ‘evergreen’ vehicles, Lombard Odier’s global private assets team is drawing a line in the sand.  While many private banks have tapped into the evergreen space to unlock revenue from the massive, untapped wealth of high net worth (HNW) and mass-affluent investors as they seek diversification, the […]

The post Lombard Odier rejects semi-liquid hype, doubles down on private asset lock-ups appeared first on Asian Private Banker.

Asian Private Banker is proud to unveil our 2026 COO Focus, an annual audit of how the region’s largest wealth managers are recalibrating operations following a year of volatile market shifts and rapid technological adoption. Senior executives and thought leaders contributed to this year’s edition, including: Wiwi Gutmannsbauer, UBS Global Wealth Management; Benoit Douchin, HSBC Global Private Banking; Patrick Dreyfuss, […]

The post COO Focus: How Asia’s top private banks are rewiring the middle office appeared first on Asian Private Banker.

As Lombard Odier targets “strong, double-digit growth” in North Asia for 2026, its newly appointed Hong Kong CEO and head of North Asia markets, Alfred Low, is betting on three pillars: hiring, cross-border diversification, and a push into discretionary portfolio management. Five months into the role, the former Indosuez Wealth Management and HSBC Private Bank executive is strengthening the senior bench, expanding Taiwan coverage and sharpening the […]

The post “Strong, double-digit growth”: Lombard Odier’s North Asia chief details business push appeared first on Asian Private Banker.

Galloping into the Year of the Fire Horse, the race continues among private banks and asset managers to see who can distribute the most spectacular red packets to clients. More than just traditional gifts for family and friends, these laisee, or hongbao, have morphed into cult collectables, often trading on secondary markets for prices that rival the currency inside. Horses […]

The post Vote now: Who has the best red packets in Year of the Horse? appeared first on Asian Private Banker.

Lombard Odier is betting on local strategic alliances to capture broader wealth management opportunities across Asia, Vincent Magnenat, limited partner and global head of strategic alliances at the Swiss bank, told Asian Private Banker. While international private banks have historically anchored their operations in established hubs such as Singapore and Hong Kong, Magnenat believes the next frontier of growth lies […]

The post ‘Onshorisation’ fuels Lombard Odier’s push into Asia’s wealth frontiers appeared first on Asian Private Banker.

In 2025, North Asia’s private banking sector saw a golden moment amid rising market strength and sanguine sentiment, with Hong Kong supporting wealth creation through its capital markets. As we head into 2026, APB highlights five private banks to watch in Hong Kong. UBS GWM back to growth mode post CS integration Two years after the announcement of its shotgun […]

The post Five private banks to watch in Hong Kong in 2026 appeared first on Asian Private Banker.

Despite the dramatic capture of Venezuelan president Nicolás Maduro by US forces, Asia’s private banks are urging UHNW clients to stay the course, dismissing the event as a “localised” shock with minimal impact on global supply chains. In a major escalation on 3 January 2026, US forces launched a military raid in the capital city of Caracas, capturing Venezuelan President […]

The post Venezuela raid or not, private bank CIOs see a clear path to 2026 growth appeared first on Asian Private Banker.

Swiss pure-play Lombard Odier has made several senior appointments across Asia as part of the bank’s efforts to support its regional growth strategy. Based in Hong Kong, Louisa Loo joins the bank as head of wealth planning for Asia, the bank announced on Wednesday. Loo has more than 30 years of wealth management expertise. Most recently, she was the head […]

The post Lombard Odier makes senior appointments across Hong Kong, Singapore and Japan appeared first on Asian Private Banker.

Private banking CIOs from Bank of Singapore, Lombard Odier and HSBC reveal their strategies going into 2026. Among the more popular calls are Asia, gold, and the broader AI ecosystem, betting on a Fed-driven weakening of the US dollar to fuel a rotation into faster-growing emerging markets.  While CIOs generally expect the US to avoid a recession, as a base […]

The post Asia, gold and AI lead CIO bets for 2026 amid weakening dollar appeared first on Asian Private Banker.

Within the space of just a few weeks, Indosuez Wealth Management (Indosuez WM) hired seven Bank of Singapore bankers, representing a significant injection of talent helping support the boutique bank’s AUM and DPM business growth. Last month also saw some other notable movements in Asia. Bank of Singapore hired former UBS co-head of the UHNW solutions group, Claude Andre Harbonn, […]

The post Movers & Shakers: Spotlight on Indosuez WM as it scoops up Bank of Singapore RMs appeared first on Asian Private Banker.

The dynamic in the global external asset management (EAM) business has fundamentally reversed. As Swiss private banks seek to offset decelerating performance in their home market, engines for growth have emerged in European, Middle Eastern and Asian EAM sectors. However, selectivity remains key in choosing EAM partners, Laurent Pellet, limited partner and global head of external asset managers for Lombard […]

The post Lombard Odier looks to global EAM markets as Swiss sector cools appeared first on Asian Private Banker.

This isn’t about Jedi knights, Sith lords, or a galaxy far, far away. Though the world of private banking can sometimes feel just as epic. Picture daring starships navigating a universe long dominated by giant financial empires. In this world, boutique banks like Indosuez Wealth Management and Lombard Odier are charting bold new orbits, fuelled by sharp strategy, selective expansion, […]

The post Bottom Line: Rise of the boutiques — no Jedi, just private bankers with a plan appeared first on Asian Private Banker.

Lombard Odier has maintained a relatively quiet presence in Asia, but certain factors give the bank a competitive edge, even without a booking centre in Hong Kong, according to Omar Shokur, who became regional head of private clients, Asia, in March. Speaking to Asian Private Banker, Shokur outlined the bank’s strategy to “Asianise” its product platform, hire selectively, and strengthen […]

The post Lombard Odier eyes “at least 50%” more bankers in Asia: Omar Shokur appeared first on Asian Private Banker.

Lombard Odier believes its discretionary portfolio management (DPM) business in Asia is first-rate, after investing heavily in its platform and technology. The Swiss pure play has also seen strong inflows and performance in its DPM mandates, and attributes this to market volatility driving clients towards professional investment services. “We truly believe we have a tier one DPM business,” Jack Siu, […]

The post “We truly believe we have a tier one DPM business,” asserts Lombard Odier’s Jack Siu appeared first on Asian Private Banker.

In August, pure-play private banks, including UBP and Lombard Odier, led the hiring scene, ramping up relationship manager appointments and selectively adding senior talent as they continued to expand their Asia businesses. Among key hires last month, Lombard Odier named Indosuez veteran Alfred Low as Hong Kong CEO and head of North Asia. Meanwhile, Lombard Odier’s Asia private client CEO, […]

The post Movers & Shakers: Pure plays lead August hires, but selectivity rules appeared first on Asian Private Banker.

Lombard Odier is adopting a cautious allocation approach amid recent rallies, striking a bullish tone on emerging markets due to a combination of strong growth prospects, attractive valuations, supportive monetary conditions, and positive capital flows. Stock markets in the US, Japan and Europe are trading at all-time highs as investors pile into equities. In China, a domestic buying spree has […]

The post “It’s an emerging market story”: Lombard Odier’s John Woods on cherry picking opportunities appeared first on Asian Private Banker.

Swiss pure-play Lombard Odier has made several senior appointments in Asia to support its growth strategy under the direction of its new CEO. Lucien Jeannin joined the bank this week as head of strategy and business transformation for private clients, reporting to Omar Shokur, regional head of Asia, private clients, according to a media note on Tuesday. Based in Singapore, […]

The post Lombard Odier strengthens Asia bench with more senior hires appeared first on Asian Private Banker.

Lombard Odier appointed a Hong Kong CEO and head of North Asia markets to strengthen its leadership in the region. Alfred Low will join Lombard Odier, Asian Private Banker can first reveal. Low will take on the role of Hong Kong CEO and head of North Asia markets from 1 September, the pure play confirmed in a statement on Friday. […]

The post Lombard Odier names Hong Kong CEO to steer North Asia growth appeared first on Asian Private Banker.

A former senior banker at Julius Baer has joined a Swiss pure-play in Singapore. Meanwhile, another veteran private banker from the city-state has resurfaced at an external asset manager (EAM), Asian Private Banker has learnt. Chern Pei Pei joined Lombard Odier as managing director in late July, according to the Monetary Authority of Singapore’s (MAS) licence records. Lombard Odier confirmed […]

The post Singapore: Lombard Odier hires from Julius Baer and BoS veteran joins EAM appeared first on Asian Private Banker.

Private banks and asset managers foresee a continued standstill at the upcoming Federal Open Market Committee (FOMC) meeting, as the Fed continues to assess the impact of tariffs on the economy and inflation. There is some consensus among private banks, with Julius Baer and Standard Chartered both forecasting a delay in rate cutting at the meeting on 29-30 July, expecting […]

The post Fed on hold? Here’s how money managers are placing their bets appeared first on Asian Private Banker.

The former Singapore-based Indosuez Wealth Management North Asia market head is set to join Swiss pure-play Lombard Odier in Hong Kong, Asian Private Banker understands. Alfred Low will soon relocate to Hong Kong and take up a senior role at Lombard Odier Private Client in the region, multiple sources told APB. Singapore-based Low most recently served as managing director, head […]

The post Ex-Indosuez WM North Asia head to join Lombard Odier appeared first on Asian Private Banker.

Malaysia’s Hong Leong Bank (HLB) is accelerating its wealth management and private banking push by forming a strategic alliance with Swiss pure play Lombard Odier. The pair will seek to join HLB’s experience in regional markets with Lombard Odier’s expertise in sustainability and the long-term global perspectives of its chief investment office, according to a statement on Monday. “Singapore, a […]

The post Malaysia’s Hong Leong Bank partners with Lombard Odier appeared first on Asian Private Banker.

Global markets have been shaken by US President Donald Trump’s blitz of tariffs on allies and adversaries alike, wiping trillions of dollars from the value of global stocks. Below, private bank investment leaders answer four key questions on what the Trump tariffs mean for client portfolios and beyond. What is Trump trying to achieve? Private banks and other market commentators […]

The post Trump’s trade war: PBs address four key questions appeared first on Asian Private Banker.

The regional head of Lombard Odier is leaving Asia, Asian Private Banker understands. Vincent Magnenat, an Asia-based limited partner will relocate from Singapore to London, the boutique wealth manager confirmed. A spokesperson from the bank said Magnenat will continue in his roles as group regional head of Asia and global head of strategic alliances while being based in the UK […]

The post Lombard Odier Asia regional head to relocate to London appeared first on Asian Private Banker.

Outperforming rivals like ChatGPT at lower cost, China’s DeepSeek R1 challenged assumptions about not only the dominance of US tech firms in the booming artificial intelligence (AI) space – but also their equity valuations. That realisation has wiped hundreds of billions of dollars off the US stock market over the past week as investors priced in a future with lower […]

The post DeepSeek: More evolution than revolution? CIOs weigh in appeared first on Asian Private Banker.

Swiss pure play Lombard Odier has appointed the recently-resigned Asia head from Indosuez Wealth Management to lead its private clients division in Asia. Based in Singapore, Omar Shokur was named as regional head for Asia, private clients, as of 1 March 2025, according to a company statement on Monday. In this capacity, Shokur will also be chief executive for Lombard […]

The post Lombard Odier names Omar Shokur as Asia private clients head appeared first on Asian Private Banker.

Donald Trump is set to become the 47th US president after what looks like a resounding victory over Democrat rival Kamala Harris. Underscoring the powerful red wave that has swept across the US, the Republican party is also poised to win both chambers of Congress. With these crucial main levers of government power under Republican control, private bank and asset […]

The post MAGA! What does resounding Trump win mean for PB portfolios? appeared first on Asian Private Banker.

Swiss boutique private bank Lombard Odier has hired a senior executive for Southeast Asia from Pictet, Asian Private Banker can reveal. Andrea Meierhofer will be joining Lombard Odier soon, taking a senior position for Southeast Asia coverage, according to people familiar with the matter. Having been with Pictet for over 14 years, Meierhofer was most recently managing director, deputy market head […]

The post Lombard Odier hires senior executive for SEA coverage from Pictet appeared first on Asian Private Banker.

A former senior executive at Lombard Odier Asia has resurfaced at the family office of Indonesian billionaire Sukanto Tanoto. Based in Singapore, Lee Wong has joined Pacific Eagle Group as a general manager and head of wealth planning, according to her LinkedIn profile. In her new role, Wong will be responsible for ownership structures, family governance and next generation education. […]

The post Ex Lombard Odier Asia family service head joins Indonesian billionaire’s FO appeared first on Asian Private Banker.

On Tuesday, China’s authorities unveiled a package of measures to boost market sentiment as Asia’s largest economy continues to struggle with weak domestic demand and a drawn-out property market slump. Used to a cautious Beijing, private bank analysts were surprised with the extent of this latest round of measures. However, they still believe the package falls short of the stimulus […]

The post Private banks: Beijing’s stimulus package more aggressive than expected, but still falls short appeared first on Asian Private Banker.

Private banks believe the US Federal Reserve is shifting its focus from controlling inflation to supporting the labour market with a 50 basis point rate cut. Federal Reserve chair Jerome Powell stated on Wednesday that the 50 basis points cut “reflects our growing confidence that, with an appropriate recalibration of our policy stance, strength in the labour market can be […]

The post Fed shifts focus from inflation to labour market stability with latest cut – private banks appeared first on Asian Private Banker.

The Asia family service head at boutique Swiss private bank Lombard Odier has left the bank, Asian Private Banker can reveal. Singapore-based Lee Wong has left the bank, according to people familiar with the matter. Wong joined the bank almost seven years ago to cover wealth and legacy planning solutions, philanthropy advisory, and family business governance. Before that, she worked […]

The post Lombard Odier’s Asia family service head departs appeared first on Asian Private Banker.

Japan’s onshore wealth market is notoriously difficult for international firms to crack. However, Swiss boutique private bank Lombard Odier believes its multi-generational family background resonates with the needs of Japanese clients in the midst of a great intergenerational wealth transfer and will be key to its success. The stickiness of the Japanese markets since the 1980s for domestic names has […]

The post How to succeed where others have failed – Lombard Odier on cracking Japan’s onshore wealth market appeared first on Asian Private Banker.

Over the past few days, global markets experienced a significant selloff led by Japan amid weak US job data, a rising Yen, and geopolitical volatility leading to recession worries surfacing for private banks. Japan’s Nikkei 225 slumped more than 7% in early Monday Asian trading, extending last week’s sharp losses and taking the overall drop from July highs to more […]

The post Bruising selloff – Private banks, asset managers explain investing through turbulent markets appeared first on Asian Private Banker.

Following President Joe Biden’s withdrawal and subsequent endorsement of Kamala Harris, asset managers and private banks are weighing up the implications of an electoral face-off between the current vice president and former President Donald Trump. Harris announced on X (formerly Twitter) on Tuesday that she had secured enough nominations to become the presumptive Democrat nominee. With a Trump versus Harris […]

The post Trump vs Harris: How are asset managers prepping their portfolios? appeared first on Asian Private Banker.

Anticipating currency volatility, Lombard Odier believes market pullbacks in Japan could provide compelling opportunities for investors. Meanwhile, the Chinese yuan looks to further depreciate against the dollar as authorities play a difficult game of balancing stimulus and leverage. John Woods, the Swiss bank’s CIO and head of investment solutions for Asia, told Asian Private Banker in a recent interview that […]

The post CIO Insight: Lombard Odier’s playbook for currency volatility in Asia appeared first on Asian Private Banker.

Private banks, wealth and asset managers are currently missing out on billions of dollars worth of potential revenue in Japan, a new industry report has found. This is according to Morgan Stanley MUFG’s new report, released on Friday, which found that Japan’s wealth and asset management industry has a potential revenue opportunity of US$42 billion by 2030. In the bull […]

The post US$42bn opportunity: But why aren’t private banks targeting Japan? appeared first on Asian Private Banker.

The former Greater China CIO of Credit Suisse has resurfaced at Lombard Odier, focusing on discretionary mandate management. Jack Siu has joined the Swiss bank as head of discretionary portfolio management for Asia, according to a personal LinkedIn update. Before that, Siu spent over eight years at Credit Suisse and was most recently managing director, CIO for Greater China. During […]

The post Ex-Credit Suisse Greater China CIO joins Swiss pure play appeared first on Asian Private Banker.

The Asia-Pacific head of Lombard Odier is leaving the pure-play after just over 18 months in the role, Asian Private Banker has learned. A spokesperson confirmed on Tuesday that Francis Liu, CEO for private clients, Asia, had departed, without specifying details. “Vincent Magnenat, limited partner, Asia regional head and global head of strategic alliances, will oversee our private banking business […]

The post Lombard Odier Asia CEO departs after just 18 months appeared first on Asian Private Banker.

Asian Private Banker is proud to present our inaugural COO Focus. This specially curated feature gathers the views and analysis of the regional private banking industry’s leading operational chiefs, on everything from what keeps them up at night when it comes to compliance, to the future of the work-from-home trend, to the next wave of digitalisation. You can read the […]

The post What’s keeping private bank COOs up at night? appeared first on Asian Private Banker.

As the fight for talent in private banking continues going into 2024, the new destinations of ex-Credit Suisse bankers are becoming apparent. Ex-Credit Suisse bankers resurface The year kicked off with former Credit Suisse APAC CIO John Woods joining Lombard Odier’s private banking arm as CIO and head of investment solutions for APAC. Woods was among the senior Credit Suisse […]

The post Movers & Shakers – January 2024: Ex-Credit Suisse bankers resurface in new roles appeared first on Asian Private Banker.

Lombard Odier has recruited the former CIO for Credit Suisse in Asia-Pacific, as the Swiss boutique looks to enhance its strategy of providing high-quality, bespoke wealth management offerings for its clients in the region. Asian Private Banker has learned that Hong Kong-based John Woods will join Lombard Odier’s private banking business as chief investment officer and head of investment solutions […]

The post Lombard Odier hires former Credit Suisse APAC CIO appeared first on Asian Private Banker.

Just over one year ago, Francis Liu opted to leave a senior regional role at Asia’s largest private bank to join one of the smallest. The veteran banker’s decision to swap UBS Global Wealth Management, where he spent more than a decade and was most recently head of UHNW clients for Asia, for Lombard Odier may have raised eyebrows in […]

The post Francis Liu: Why I swapped UBS for top job at Lombard Odier appeared first on Asian Private Banker.

As the rout in Chinese assets puts Asia’s largest economy in the headlines for all the wrong reasons, Beijing is mulling a familiar strategy: rolling out a giant stock-buying fund to support markets. Yet it might not work this time as the financial cracks undermining shares deepen. Private bankers are on the frontlines of China’s economic downshift. As 2023 began […]

The post Why a Chinese stock bailout fund might not work this time appeared first on Asian Private Banker.

Although geopolitics has always been a looming concern for private banks, the Ukraine war and China-US tensions have pushed such concerns to the fore. During Asian Private Banker‘s 10th Fund Selection Nexus 2023 Singapore, private bank fund selectors shared their insights on capturing opportunities in the environment of rising geopolitical risk during the panel discussion: Navigating market volatility, emerging trends and […]

The post Global tensions are business as usual, say PBs appeared first on Asian Private Banker.

Japan remains an enigma in the private banking space. The world’s third-largest economy, yet few international banks or wealth managers have significant footholds there. With China’s reopening proving a disappointment, many eyes turned to Japan as an alternative way to capture the Asian growth story. This – along with improving corporate governance and attractive valuations – has injected momentum into […]

The post Japan: The next frontier for Asia’s private banks appeared first on Asian Private Banker.

As H1 2023 reaches a close, private banks and fund managers in Asia are bullish on Japanese equities, due in part to strong fundamentals and domestic demand in the land of the rising sun. In addition, AI-related stocks are expected to see strong traction in the second half of the year, over pure AI stocks. Japanese equities For Swiss pure […]

The post PBs, fund managers eye Japanese equities to avoid US-China tensions appeared first on Asian Private Banker.

Lombard Odier believes it has a secret weapon when it comes to tapping the potential of one of the world’s largest wealth markets. Through its collaboration with Japanese giant Mizuho Financial Group (Mizuho), signed in February, the Swiss bank hopes to deepen its private banking coverage in Japan. In an exclusive interview with Asian Private Banker, key executives reveal how […]

The post Lombard Odier’s secret weapon in “Asia’s largest onshore market” appeared first on Asian Private Banker.

After a disastrous 2022 for fixed income as the Federal Reserve hiked interest rates, 2023 is shaping up to be a much better year with the asset class offering its highest yield in decades. Against that backdrop, Asian wealth clients are increasingly looking again at traditional fixed income mandates, according to Pilar Gomez-Bravo, co-CIO for fixed income, at MFS Investment […]

The post CIO Insight – Asia’s wealthy eye “major pivot” to traditional fixed income appeared first on Asian Private Banker.

Lombard Odier will deepen its presence in Japan’s onshore wealth market via a tie-up with Mizuho Financial Group (Mizuho), in the latest example of how the Swiss pure play is using such alliances to penetrate further into Asia-Pacific. Through the agreement, which was announced on Thursday, Mizuho will distribute Lombard Odier’s wealth management product offerings and services in the onshore […]

The post Lombard Odier looks to tap Japan’s onshore wealth with Mizuho tie-up appeared first on Asian Private Banker.

In this week’s CIO Weekly, UBS and J. Safra Sarasin weigh up what Bank of Japan governor Haruhiko Kuroda’s major policy change means for investors, while Lombard Odier explains why it remains bullish on China Stay exposed to China assets: Lombard Odier Lombard Odier is sticking to its bullish call on China, despite the threat of a new variant of […]

The post CIO Weekly – Bank of Japan springs Christmas surprise on markets appeared first on Asian Private Banker.

China residents are finally seeing light at the end of the tunnel. Authorities have announced an easing of zero-COVID measures including the removal of lockdowns in local regions, the reopening of venues & businesses, and the reduction of the requirement for daily PCR tests. While these moves may soon allow residents to return to their daily routine, does it mean […]

The post How and when China may reopen: Three private banks have their say appeared first on Asian Private Banker.

This week: Look for extra premium in Asia IG: Nomura IWM; Bullish on Japanese small and mid-cap sector: Lombard Odier; Why European bond markets are attractive: DWS Look for extra premium in Asia IG: Nomura IWM Many private banks have gone for investment-grade (IG) short-duration bonds as their top picks at the moment. Nomura International Wealth Management (IWM) is bullish […]

The post CIO Weekly – Asia IG, security, China reopening are where to invest in 2023: Gareth Nicholson of Nomura IWM appeared first on Asian Private Banker.

This week: Good time for growth assets and government bonds: HSBC Asset Management; Overweight cash for1H23: Lombard Odier Private Bank; US stocks see “energy up and tech down”: AXA IM Good time for growth assets and government bonds: HSBC Asset Management HSBC Asset Management (HSBC AM) believes investors should continue to be patient about a recovery in the markets. At […]

The post CIO Weekly – Only a matter of time before markets pick up: Cecilia Chan of HSBC AM appeared first on Asian Private Banker.

Lombard Odier’s Hong Kong CEO and Asia-Pacific CIO is leaving the Swiss pure-play, Asian Private Banker can reveal. Jean-Louis Nakamura, who has spent the past nine years in Hong Kong, has stepped down to begin what he described in a LinkedIn post as “a new chapter back in Europe very soon”. Nakamura was the deputy global CIO of Lombard Odier […]

The post Lombard Odier Asia CIO and Hong Kong CEO to depart appeared first on Asian Private Banker.

The Communist Party of China (CCP) Congress, which began this weekend in Beijing, is expected to install Xi Jinping as leader of Asia’s biggest economy for a third successive five-year term. But for private bankers, what Xi and his government do over a much shorter term is far more important. Priorities include the future of China’s zero-COVID policy and what […]

The post For private bankers, all eyes are on Beijing’s next move appeared first on Asian Private Banker.

This week: China to wait until after party congress to announce new economic policies: Deutsche Bank IPB; Developed countries to face recession risks: UBP; Position for reopening in China: Lombard Odier  China to wait until after Congress to announce new economic policies: Deutsche Bank IPB Deutsche Bank International Private Bank (Deutsche Bank IPB) does not expect any new announcements during […]

The post CIO Weekly – Don’t hold your breath for new measures from CCP’s National Congress: Deutsche Bank IPB appeared first on Asian Private Banker.

With vast amounts of wealth on the cusp of being transferred to the next generation, open and honest conversations around personal preferences and values are still not quite in place among HNW families, according to Lee Wong from Lombard Odier. Although succession planning has gained in prominence — especially during the pandemic — the head of family services for Asia […]

The post HNWIs face wider generational divide: Lee Wong of Lombard Odier appeared first on Asian Private Banker.

Swiss private bank Lombard Odier has announced two appointments to bolster its commitment and presence across markets, according to a Monday news release. The bank has named industry veteran Francis Liu as CEO for private clients in Asia. Liu will be the CEO for Singapore as well, effective 1 September 2022, subject to regulatory approval. Liu reports to Magnenat. Liu […]

The post Lombard Odier nabs ex-UBS banker as Asia private clients head appeared first on Asian Private Banker.

With the number of Australian HNWIs growing to record levels, Lombard Odier and JBWere formalised a win-win partnership in May that will enable them to capture a slice of a growing wealth pool in the Asia Pacific region, as well as help the next generation prepare for their family’s wealth transfer. The deal will allow Lombard Odier to grow the […]

The post Wealthy investors down under are going global: Vincent Magnenat and Justin Greiner appeared first on Asian Private Banker.

As the economic backdrop of the 1990s makes a sudden return, Asia’s private bankers are feeling a sense of déjà vu mixed with trepidation. All at once, the US Federal Reserve is tightening like it is 1994, Beijing and Hong Kong are obsessing over exchange rates like it is 1997, and the Japanese JPY is plunging like it is1999. The […]

The post For Asia’s private bankers, the 1990s are making an unwelcome return appeared first on Asian Private Banker.

Following weeks of speculation, the Federal Reserve this week unveiled its largest single rate hike in almost three decades. The 75bps rise on Wednesday, the US central bank’s biggest increase since 1994, comes as the Fed attempts to tamp down stubbornly high inflation that has been worsened by a crunch in global energy and food markets. The Federal Funds rate […]

The post Fed hikes rates by most since 1994: Private banks and asset managers react appeared first on Asian Private Banker.

Swiss pure-play Lombard Odier has hired a new managing director for Hong Kong, Asian Private Banker has learnt. Based in Hong Kong, Pravin Pillai joined the bank earlier this month as a senior relationship manager. Pillai is an industry veteran, with over a decade of experience working in private banking. Prior to joining Lombard Odier, he was executive director at […]

The post Lombard Odier nabs senior private banker from Julius Baer appeared first on Asian Private Banker.

This week: Allocate to A-shares as China is slowly recovering: Lombard Odier; Peak in US inflation does not mean Fed will be less hawkish: Bank of Singapore; BlackRock favours equities over fixed income as stocks rebound Allocate to A-shares as China is slowly recovering: Lombard Odier The gradual reopening of Shanghai after two months of lockdown signals that China is […]

The post CIO Weekly – Rebuild positions in A-shares as the worst in China is now behind us: Jean-Louis Nakamura of Lombard Odier appeared first on Asian Private Banker.

HSBC Global Private Banking (GPB) is rolling out a thematic discretionary managed portfolio that focuses on biodiversity, to empower clients to make a positive change through sustainable investing. The Global Biodiversity Discretionary Strategy is built and managed by Swiss pure-play Lombard Odier, a founding member of the Natural Capital Investment Alliance (NCIA) and with a track record of investing in […]

The post HSBC GPB launches biodiversity DPM in partnership with Lombard Odier appeared first on Asian Private Banker.

Lombard Odier believes that a quantitative approach to security selection will allow its discretionary portfolio mandate (DPM) offerings to better withstand market volatility while delivering high single-digit returns to clients. David Loo, the Swiss pure-play’s private clients head for North Asia, told Asian Private Banker that the bank recorded “extremely strong revenue growth in Asia” for the 2020 and 2021 […]

The post DPM Corner – Our quantitative approach shields clients from volatility: David Loo of Lombard Odier appeared first on Asian Private Banker.

This week: Russia sanctions to feed through to higher inflation: Pictet WM; Ukraine crisis lowers risk of central banks raising interest rates too fast: Lombard Odier; Fed-proposed rate hike in March is smaller than expected: Bank of Singapore Sanctions on Russia will be felt in global economy through higher inflation: Pictet WM Pictet Wealth Management (Pictet WM) is warning investors […]

The post CIO Weekly – ‘Nuclear option’ sanctions on Russia will fuel inflation: Alexandre Tavazzi of Pictet WM appeared first on Asian Private Banker.

An Asian Private Banker analysis of private banks recruitment trends in 2021 shows that Nomura, Deutsche Bank and Credit Suisse were the most active in hiring senior staff in the region, while Credit Suisse and Bank of Singapore saw a higher number of senior departures. Japan’s Nomura went on a hiring spree in Hong Kong and Singapore at the start […]

The post These Asian private banks were the most aggressive in recruiting senior staff last year appeared first on Asian Private Banker.

Swiss pure play Lombard Odier is expecting the Chinese government to target GDP growth in 2022 of slightly above 5%, according to Asia CIO Jean-Louis Nakamura. “We are confident that [the Chinese government] will achieve this objective, but it won’t be an easy one,” Nakamura said during the bank’s 2022 market outlook on Tuesday. “GDP growth in 2021 was a […]

The post Anticipating more easing and stimulus measures from Beijing, PBs forecast China GDP growth to top 5% in 2022 appeared first on Asian Private Banker.

Bank of Singapore has joined a growing chorus of private banks in the region that have highlighted the ‘metaverse’ as the investment theme that is set to shape 2022. However, investment strategists across the wealth industry differ on the most lucrative way to play the high-tech concept — where virtual reality and real-life merge in an immersive and interactive way. […]

The post Asia-Pacific PBs throw weight behind metaverse trend appeared first on Asian Private Banker.

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 […]

The post Strategic alliances with onshore PBs carry the day: Vincent Magnenat of Lombard Odier appeared first on Asian Private Banker.

Private banks are betting that Japanese assets could shine in 2022. Count Stéphane Monier, CIO at Lombard Odier Private Bank, among the bulls as a number of stars align for Asia’s second-largest economy. However, the investment case is less about what Japan offers than the pitfalls it seems sure to avoid. The country is not suffering the surges in inflation […]

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A hawkish tilt by the Federal Reserve is unlikely to take the steam out of a rally in global risk assets, according to private banks and asset managers. In its last monetary policy meeting of the year this week, the US central bank indicated that it could increase interest rates three times over the course of 2022, in view of […]

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Developing the home market has become a tougher proposition for Asia’s regional private banks, as global private banks are vying to get a slice of the onshore pie, and U/HNW clients are looking for offshore investment. In Indonesia, Mandiri Private has been adjusting its portfolio mandates to better suit onshore clients, who are becoming more sophisticated about investment offerings. Its […]

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This week: BNP Paribas Wealth Management: A speedier tapering means the Fed is finally catching up; Too early to say if Omicron poses threat to recovery path: PBs and AMs; Credit Suisse is bearish on China as a whole as growth dampens; Lombard Odier does not see oil price decline as cause for alarm BNP Paribas Wealth Management: A speedier […]

The post CIO Weekly – A speedier tapering means the Fed is finally catching up: Grace Tam of BNP Paribas WM appeared first on Asian Private Banker.

Private banks and asset managers are predicting that a regulatory crackdown in China will continue to ease going into 2022, but their views differ on whether it is the best time to start investing in the world’s second-biggest economy again. Where next for China?  China’s economic rebound has stumbled this year as regulators in the country have pursued a clampdown […]

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This week: Lombard Odier: The usual policy playbook in China is no longer working; Julius Baer: Defensive play will have the upper hand in 2022; Goldman Sachs turns bullish on China, projects accelerating ASEAN growth in 2022; Morgan Stanley cautious on China equity, prefers A-shares to offshore China Lombard Odier: The usual policy playbook in China is no longer working […]

The post CIO Weekly – The usual policy playbook in China is no longer working: Jean-Louis Nakamura of Lombard Odier appeared first on Asian Private Banker.

Global sustainable funds declined 15% in 3Q21, but outpaced the overall market which had 20% lower inflows, said Morningstar. Global sustainable fund assets increased 8% over the same period to US$3.9 trillion, propelled by new disclosure rules in Europe, while the overall fund market remained stable, according to its report titled Global Sustainable Fund Flows: Q3 2021 in Review. Product […]

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This week: Pictet Wealth Management believes downside protection outweighs upside profits in the China high yield market; UBS reveals the bigger picture behind the EV rally; Lombard Odier overweight on EM credit — but hard currencies only; Bank of Singapore sees downward pressure on gold on multiple fronts. Pictet WM: For China high yield, resist the downside even if you […]

The post CIO Weekly — The downside/upside trade-off in China HY: Alexandre Tavazzi of Pictet WM appeared first on Asian Private Banker.

As Asian investors are getting more cautious about the overheating equity market, a bank’s role in providing advice is becoming ever more important, according to Lombard Odier’s A study of Asia-Pacific’s HNW Individuals. “We see a lot of challenges emerging with clients’ needs. It means there are plenty of opportunities for banks to be closer to clients, and to provide […]

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Lombard Odier has announced two strategic senior hires that fit into its growth strategy and commitment to Asia, according to an announcement from the Swiss bank. Based in Singapore, Carol Chan is joining as COO and reports to Vincent Magnenat, limited partner and CEO, Asia. Chan most recently worked as managing director at Credit Suisse, leading its regional and global […]

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The private banking arm of the Union Bank of the Philippines (commonly known as ”UnionBank”) has been targeting the wealth planning needs of the wealthy families in the country, as the bank has seen a surge of interest since the pandemic. Established in 2019 in alliance with Lombard Odier, UnionBank Private Bank incorporates its local expertise with the Swiss bank’s […]

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U/HNWI clients may be well advised to remain invested in Chinese assets despite the possibility of the country’s strong economic bounceback from the COVID-19 pandemic dissipating. “The natural deceleration arising from the ‘first-in-first-out’ dynamic of China’s relative performance in public health should not be a concern to investors at all,” Homin Lee, Asia macro strategist at Lombard Odier told Asian […]

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Jean-Louis Nakamura is known for sounding the bugle. This time was no different. Even though global growth should stabilise, it could decelerate compared with 1H21, said the CIO for’s Asia-Pacific region at Lombard Odier. The Geneva-based bank expects the US economy to have a “soft landing” with China “slowing further” and Europe’s recovery not enough to pick up the slack. […]

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This week: Deutsche Bank IPB advises to monitor duration risks; Bank of Singapore expects Fed to maintain its dovish monetary stance; Lombard Odier: Increased wages could stoke rising inflation expectations Deutsche Bank IPB advises to monitor duration risks Though central bankers are notorious for making equivocal statements about monetary policy, the messages coming out of the US Federal Reserve have […]

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On Monday, the People’s Bank of China acted to rein in the runaway RMB which has appreciated against global currencies as investors flock to benefit from the reopening of the economy there. The PBoC increased the cash that banks have to put up with the Chinese central bank to exchange foreign currencies for RMB-denominated assets. It increased the reserve requirement […]

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HSBC Private Banking on Monday said it will launch its onshore private banking business in Thailand, as it seeks to tap into the rising wealth in emerging markets and expand its presence in Southeast Asia. The new private bank will be HSBC’s second onshore business in Southeast Asia, after Singapore, and provide clients access to international capital markets, according to […]

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Lombard Odier Group has extended its partnership with Plastic Bank, launching an impact solution designed to fund educational programmes in underdeveloped countries, while reducing ocean plastic. This partnership is an extension of the existing collaboration between the two firms. The initial partnership with Plastic Bank happened in July 2020, under which Lombard Odier funded the collection of over 788.5 tonnes […]

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In a move that may assuage money managers’ nerves on investment options for digital assets, the European Central Bank has said that it will decide “towards the middle of 2021” whether or not to launch a digital euro project so as to “be prepared for the possible issuance of a digital euro at some point in the future”. A digital […]

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As economies get upended worldwide from the COVID-19 pandemic and monetary policy, investors may struggle with the switch between cyclical and structural developments, according to Lombard Odier. “The main risk for 2021 will result from a confusion by investors between cyclical developments and structural ones,” said Jean-Louis Nakamura, chief investment officer for Asia at Lombard Odier. If inflation rises faster […]

The post Greater chance of a reflationary boom in 2H21: Lombard Odier appeared first on Asian Private Banker.

High-net-worth families in Asia have become increasingly multi-jurisdictional, and so has their wealth. While the trust structure remains the favoured vehicle for meeting the wealth planning needs of HNWIs, cross-border and tax issues may necessitate exploring more options in trust planning. A key complication arises when the founder generation of the family — living in Asia and generating most of […]

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Lombard Odier is joining a chorus of private banks sounding caution over cryptocurrencies, urging clients to focus on benefiting from the underlying technologies instead. “Faced with expectations for inflation, low-to-zero interest rates and slim returns from traditional safe havens such as sovereign debt, investors are looking more closely at cryptocurrencies,” said Stéphane Monier, chief investment officer at Lombard Odier. Bitcoin […]

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COVID-19 has brought unprecedented challenges to the global economy and caused many disruptions in our daily lives. But every cloud has a silver lining and quite a few industry participants have shared with Asian Private Banker throughout 2020 that the pandemic has accelerated a number of trends and has removed obstacles to change. Here are three positive changes triggered by […]

The post Three blessings in disguise that COVID-19 gave the Asian private banking industry in 2020 appeared first on Asian Private Banker.

A former head of discretionary portfolio management (DPM) and head of asset allocation at Standard Chartered Private Bank has re-surfaced at Lombard Odier, Asian Private Banker has learned. Christian Abuide, a veteran of Standard Chartered Private Bank’s DPM team, has joined Lombard Odier as head of asset allocation, based in Geneva. Prior to joining the pure play, Abuide has served […]

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While 2021 will likely be a year for the world’s economies to “catch up”, it will not be plain sailing. Lombard Odier encourages investors to stay invested in risk assets as well as keeping “portfolio ballasts” to fend off turbulence. After a year when growth prospects made place for nation-wide lockdowns to contain the COVID-19 pandemic, positive news on the […]

The post Lombard Odier sets forth top ten 2021 convictions, stressing the need for “portfolio ballast” appeared first on Asian Private Banker.

At the time of publication, the 2020 US presidential race still looks as though it could turn out either way. However, the probability of a sweep democratic win has wilted. Investors need to watch their back for a contested election and brace themselves for near-term market turbulence, private bank CIOs advised. As things stand, all eyes are on three states […]

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This week: Pictet WM: Prevailing uncertainty over US elections to push volatility higher; Lombard Odier: Time ripe for an overhaul of the social structure of the world economy; Indosuez WM: Traditional preference for buying and holding single bonds or fixed income funds is being challenged; Standard Chartered: Buying-the-dip and volatility-selling strategies should help investors take advantage of 4Q20 volatility; Morgan […]

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