Fiera Capital, the Montreal-based independent asset manager (IAM) that is headed by a former Lombard Odier APAC CEO has agreed to acquire Hong Kong investment firm, Clearwater Capital Partners, for US$21 million. The two firms signed a definitive agreement to add Clearwater Capital assets to Fiera Capital private alternatives division, according to a statement from the IAM. At closing, Fiera […]

The post Lombard Odier’s ex-APAC CEO Duhamel inks US$21 million deal in Asia appeared first on Asian Private Banker.

Geneva’s oldest private bank, Lombard Odier, has inducted Vincent Magnenat into its list of limited partners, effective this month. Magnenat will continue on as Lombard Odier’s chief executive officer for Asia and Asia head of private banking, where he is tasked with expanding the business’s footprint, partnerships and client development in the region. Lombard Odier has singled out Asia as a […]

The post Lombard Odier makes Asia head a limited partner appeared first on Asian Private Banker.

Lombard Odier has named a former South Asia wealth planning head at Union Bancaire Privée as its new family services head for Asia, according to a statement from the bank. Lee Wong has assumed the Singapore-based role, and reports to Vincent Magnenat, Asia CEO at Lombard Odier. Wong takes over certain responsibilities formerly under the care of Seema Bhayat, who […]

The post Lombard Odier nabs former UBP South Asia wealth planning head appeared first on Asian Private Banker.

Vincent Duhamel has decided to leave Lombard Odier and is set to join a Canadian independent asset manager (IAM), months after he relinquished his role as Asia CEO to become regional chairman at the Swiss private bank, according to a statement from the IAM. Duhamel will join Fiera Capital as global president and chief operating officer on 14 November, based in […]

The post Lombard Odier’s former APAC CEO Vincent Duhamel exits for IAM appeared first on Asian Private Banker.

Lombard Odier has created the role of APAC head of partnerships business, as part of the Swiss private bank’s efforts to enter new markets in the region through tie-ups with local institutions. Effective this month, Emmanuel Roulin has taken on the newly created role of head of Lombard Odier’s partnerships business unit, which falls under the company’s private banking business. He is […]

The post Lombard Odier names head of APAC partnerships business appeared first on Asian Private Banker.

Lombard Odier’s CEO for Asia will move into the role of regional chairman, says the Swiss private bank, which has named his replacement. Vincent Duhamel, Lombard Odier’s Asia head, will take over as chairman of the Asia board and will relinquish his position as Asia CEO on 1 July. Vincent Magnenat, currently CEO of the Singapore office and the firm’s […]

The post Lombard Odier names new Asia CEO appeared first on Asian Private Banker.

A recent survey conducted by Lombard Odier reveals that more than 97% of Asian HNWIs and UHNWIs are looking to allocate more into impact investment strategies. Indeed, more than 99% of respondents agreed that social responsibility has become more important following the United Nations Climate Change Conference last year. “This growing sentiment towards impact investing comes amid global efforts to […]

The post Lombard Odier: Over 97% of Asian HNWIs looking to allocate more to impact investing appeared first on Asian Private Banker.

China accounted for 44% of all newly-issued green bonds in the third quarter, making the country the largest issuer in world green bond market, said Bertrand Gacon, head of impact investing at Lombard Odier. Green bonds, climate bonds or social bonds, also known as impact bonds, are a debt instrument that pursues both financial return and positive environmental, social governance (ESG) change. […]

The post China leading the ‘green bond’ market appeared first on Asian Private Banker.

In the midst of heightened market turbulence, the central People’s Bank of China (PBOC) has apparently suspended the sale of new RQDII (Renminbi Qualified Domestic Institutional Investor) products, said Lombard Odier. The bank’s comments in a recent media report confirmed for the first time the PBOC’s latest move to suspend the RQDII programme, which aims to channel onshore yuan to […]

The post PBOC suspends RQDII programme, says Lombard Odier appeared first on Asian Private Banker.

In a bid to target the Asian market, Swiss pure-play Lombard Odier signs a strategic agreement with Kasikornbank to give its private clients wider access to the Thai market. “We are very pleased to offer Kasikornbank’s clients access to first-class global wealth solutions,” said Vincent Duhamel, head of Asia at Lombard Odier. The partnership between the Swiss private bank and Thailand’s […]

The post Lombard Odier expands footprint in Asia with Kasikornbank tie-up appeared first on Asian Private Banker.

Lombard Odier continues to build out its Asian franchise and has made two senior appointments to its Hong Kong management team. Fred Horsey joins the bank this month as co-chief operating officer & general counsel. In addition, Christophe Morel, who is currently part of Lombard Odier Group’s Internal Audit unit, will relocate from Geneva to become the chief risk officer […]

The post Lombard Odier makes two additions to Asia leadership team appeared first on Asian Private Banker.

Call it a not so subtle dig by a boutique private bank at its larger industry peers, but Lombard Odier’s head of Asia, Vincent Duhamel, can feel the winds of change blowing across Asia’s private banking industry, and to his mind, it’s discretionary portfolio management providers that stand to benefit. “We are witnessing a real bifurcation in the industry, between […]

The post Revenue volatility the bane of product pushers’ existence: Lombard Odier’s Duhamel appeared first on Asian Private Banker.

Could a 217-year old Swiss wealth manager and South Korea’s largest commercial bank be a match made in heaven? Lombard Odier and KB Kookmin Bank are poised to answer this question, announcing a new strategic partnership which will see both businesses gun for the Korean peninsula’s estimated US$381 billion in combined high net worth individual wealth. The partnership, to begin […]

The post Marriage made in heaven? Lombard Odier forges partnership with Korea’s KB Kookmin appeared first on Asian Private Banker.

Confirming Asian Private Banker’s exclusive reporting of Lombard Odier’s hiring of its new Singapore chief executive in late September, the Swiss boutique private bank announces the appointment of Vincent Magnenat to the role, succeeding former chief executive, Richard Wee. Magnenat became CEO of Lombard Odier Singapore, effective December 3, 2012, reporting to Vincent Duhamel, head of Asia. Wee, who was […]

The post Lombard Odier confirms successor for Richard Wee, former Singapore CEO appeared first on Asian Private Banker.

Swiss private bank Lombard Odier has been on a winning streak as far as recent hires are concerned, after hiring “heavy-hitters” such as Patsy Cheung, Betty Xu, Amy Wei and Raymond Chan to its Asia team, the bank is on the verge of announcing yet another significant hire, this time from French bank Societe Generale. Vincent Magnenat joins the 206-year […]

The post Lombard Odier appoints one more senior banker appeared first on Asian Private Banker.

Earlier this year, Lombard Odier hired ING Investment Management’s Pranay Gupta as its first chief investment officer for Asia. Lombard Odier’s head of private clients unit and veteran private banker Philip Jehle is leaving Hong Kong after almost two decades in the region. Jehle, who was extremely popular with clients and peers alike, is re-locating to Zurich with the boutique […]

The post Lombard Odier’s head of private clients unit leaves Hong Kong appeared first on Asian Private Banker.

If this were a marriage, it would be a match made in heaven for the pedigrees involved – Switzerland’s oldest privately-owned bank, Lombard Odier has announced an alliance with Australia’s oldest wealth manager JBWere. Reflective of the need for niche players such as Lombard Odier and Julius Baer to form alliances in order to be able to offer clients fully […]

The post Lombard Odier’s explanation for the private bank’s alliance with JBWere appeared first on Asian Private Banker.

Lombard Odier, the oldest private bank in Geneva with more than US$160billion in assets under management, has announced two key hires to its team in Asia. Pranay Gupta, previously CIO of ING Investment Management (INGIM) Asia Pacific, joins Lombard Odier as chief investment officer – Asia, and global head of Investment Solutions.   Based in Hong Kong, Gupta is responsible for […]

The post Lombard Odier makes two senior hires from ING, UBS appeared first on Asian Private Banker.

ARE THERE REASONS TO REMAIN UPBEAT IN THESE TIMES OF GLOOM AND DOOM?   There are always reasons to be upbeat. Nothing happens for no reason as they say. Asia is still well positioned to for any rough ride ahead. We at ABN AMRO are also very well positioned, with our long term rating recently upgraded by S&P to A+.  […]

The post Any reason to remain upbeat in these gloomy times? appeared first on Asian Private Banker.

  WHAT DO YOU FEAR THE WORST CASE SCENARIO FOR THE PRIVATE BANKING INDUSTRY MAY BE IN 2012?   A lack of resolution of the crisis in Europe coupled with a sharp slowdown in China plus an escalation of events in Iran. Mario Christoph Becker, Standard Chartered Private Bank, senior director and head of investment advisory Continued weak markets, low […]

The post Fears for the private banking industry in the coming year appeared first on Asian Private Banker.

WHAT DO YOU HOPE 2012 WILL BRING FOR THE PRIVATE BANKING INDUSTRY IN ASIA?   I have two hopes for the private banking industry in 2012. Firstly, from an industry perspective we would like to see that private wealth industry is given more of a voice within the regulatory framework. A good example of how this can be done has been […]

The post Hopes for 2012 for private banking industry in Asia appeared first on Asian Private Banker.

WHAT WAS THE BIGGEST LESSON FROM 2011 FOR THE PRIVATE BANKING INDUSTRY IN ASIA AND WHY?   That the world is interconnected and it’s very important to have enough safe assets in portfolios; high return expectations can lead to nasty surprises. Mario Christoph Becker, Standard Chartered Private Bank, senior director and head of investment advisory Risk Management. There were few […]

The post Lessons from 2011 for the private banking industry in Asia appeared first on Asian Private Banker.

2011 has been a landmark year for the financial services industry. It brought with it unprecedented volatility, regulatory changes concerted across jurisdictions at a faster clip than was anticipated, mass credit re-ratings of individual institutions as well as sovereign debt and a wave of scepticism and even fear amongst investors that has since settled into disgruntled apathy.  Thankfully for the […]

The post Ring in the new! appeared first on Asian Private Banker.

A press release in February this year announcing that Vincent Duhamel would be a limited partner and the new head of Asia for Swiss private bank Lombard Odier surprised many in the industry. Duhamel is neither Swiss nor a career private banker, yet Anne-Marie de Weck, one of the bank’s seven managing partners and the global head of its private […]

The post STRAIGHT TALK: Vincent Duhamel, head of Asia, Lombard Odier appeared first on Asian Private Banker.

Swiss private bank Lombard Odier is beefing up its Asian operations as it looks to double its wealth management business in the region within the next two years. The appointment of industry veteran Vincent Duhamel as the bank’s regional head is one of a series of moves planned by the bank to assert its presence, according to Anne-Marie de Weck, […]

The post Battleground Asia: Lombard Odier increases arms appeared first on Asian Private Banker.

Swiss private bank Lombard Odier has just underscored the seriousness of its commitment to Asia by announcing a key hire. Vincent Duhamel joins Lombard Odier as regional head for Asia-Pacific & Japan and as a limited partner with the firm. Duhamel will be responsible for the development of both the Private Banking and the Institutional Investment Managers businesses in the […]

The post Lombard Odier appoints Vincent Duhamel as new regional head appeared first on Asian Private Banker.

The fund of hedge funds business has credibility issues. Madoff, a figure who represents all the worst that can happen in an unregulated industry involving vast sums, sparked mass redemptions globally. Funds of hedge funds insert a layer of fees and illiquidity to what are already high commission vehicles that are difficult to exit, and that has become a tough […]

The post STRAIGHT TALK: Vincent Duhamel, CEO, Sail Advisors appeared first on Asian Private Banker.

Ask a hedge fund manager about private banks and he will sigh, pause, think about his words, and struggle to form a friendly response. Hedge funds have deeply low expectations of private banks in terms of distribution. They acknowledge that this is not the fault of the institutions – it’s not a marketing failure – it’s just that Asian PB […]

The post Asset in focus: hedge funds appeared first on Asian Private Banker.