*"Asia’s evolving wealth landscape demands nuanced solutions, and this initiative reflects our long-term commitment to providing bespoke services to a sophisticated clientele,"* said Frédéric Rochat, Managing Partner at Lombard Odier, as the Swiss private bank announced the launch of its new family office hub in Singapore.
Lombard Odier, a stalwart in global wealth management with over 225 years of heritage, has chosen Singapore as the centerpiece of its Asian expansion strategy. The new hub, officially unveiled this week, is specifically tailored to cater to the unique requirements of ultra-high-net-worth individuals (UHNWIs) and their families across Asia-Pacific. Positioned as a comprehensive resource for family office services, the hub will offer expertise in wealth structuring, succession planning, philanthropy, and sustainable investing—areas that are increasingly critical for the region's financially elite.
This move comes as Singapore solidifies its reputation as a leading wealth management hub, attracting global financial institutions, entrepreneurs, and family offices seeking a secure and business-friendly environment. According to the Monetary Authority of Singapore, the number of family offices in the city-state has surged from around 400 in 2020 to over 1,100 in 2022. Lombard Odier’s decision to establish a dedicated hub here not only aligns with this trend but also underscores the growing sophistication and internationalization of Asia's wealth management ecosystem.
For Lombard Odier, the expansion is as much about local adaptation as it is about global expertise. The new hub will integrate the firm's European heritage with services crafted for Asian clients, such as Sharia-compliant wealth solutions and guidance on regional investment opportunities. The bank has also emphasized its commitment to sustainability—a core pillar of its investment philosophy—by offering green financial solutions tailored to family offices looking to align their portfolios with environmental, social, and governance (ESG) principles.
*"Singapore has become a key gateway for wealth flows in Asia, and our family office hub reflects the increasing demand for institutional-grade solutions that address both the financial and non-financial priorities of wealthy families,"* added Vinod Kumar, Head of Wealth Planning Asia at Lombard Odier.
The timing of this initiative is particularly noteworthy. As geopolitical tensions and economic uncertainties continue to reshape capital flows, Singapore’s stability and robust legal framework make it an attractive destination for wealth preservation and growth. Lombard Odier’s new hub is expected to play a pivotal role in advising families navigating these complexities, assisting them in structuring their wealth across multiple jurisdictions while ensuring compliance with international tax regulations.
In closing, Lombard Odier’s Singapore family office hub signals not only its confidence in the region’s economic resilience but also its ability to adapt to the nuanced needs of a discerning clientele. As the financial landscape in Asia evolves, the firm’s strategic move places it in an enviable position to guide the next generation of wealth stewards.
(Editors: admin)