*"Asia is not just a growth story; it is a transformation narrative that aligns perfectly with our vision for sustainable wealth management,"* said Hubert Keller, Senior Managing Partner at Lombard Odier. These words marked a pivotal moment as the Geneva-based private bank officially announced the opening of its new Singapore office, bolstering its footprint in the region.
Founded in 1796, Lombard Odier is among the oldest private banks in Europe, renowned for its bespoke wealth management services and commitment to sustainability. The firm has long recognized Asia as a strategic region, home to an increasing number of ultra-high-net-worth individuals (UHNWIs) and family offices seeking sophisticated financial solutions. Singapore, in particular, has emerged as a global hub for wealth management—a magnet for international capital and a gateway to opportunities across Asia-Pacific.
The new office represents not just geographic expansion, but a deeper commitment to serving the region’s unique needs. With Singapore’s robust infrastructure, regulatory transparency, and forward-looking stance on wealth preservation, Lombard Odier aims to provide tailored solutions for investment management, succession planning, and tax optimization. Keller emphasized that the move was not about chasing growth metrics but about building lasting relationships with clients who prioritize stability, discretion, and sustainability.
This expansion comes at a time when Asian wealth markets are undergoing significant evolution. According to recent Capgemini research, the region’s UHNW population grew by 7.6% in 2022, outpacing global averages. Singapore’s proactive policies, including its Variable Capital Company (VCC) framework and favorable tax regime, have attracted capital inflows from across the globe. Lombard Odier’s decision to deepen its roots here underscores its alignment with these trends, leveraging the city-state’s strengths to enhance its offerings.
Jean-François Bonnefous, Managing Director of Lombard Odier in Asia, noted, *"Our clients are increasingly looking for partners who understand the complexities of multijurisdictional wealth. Singapore offers the ideal platform to bridge Asian opportunities with global strategies."* Bonnefous also highlighted the firm's investment in technology and sustainability-focused portfolios, ensuring that its solutions remain ahead of the curve in a rapidly evolving financial landscape.
The inauguration of the Singapore office is expected to amplify Lombard Odier's competitive edge in Asia’s crowded wealth management sector, where global heavyweights and boutique firms vie for a slice of the market. By combining its centuries-old legacy with cutting-edge innovation, the firm aims to redefine the benchmark for private banking in the region.
As wealth continues to shift eastward, Lombard Odier’s expansion signals more than just growth—it reflects an enduring commitment to understanding and empowering a dynamic clientele.
(Editors: admin)