Vincent Duhamel, the Swiss private bank's Asia head, says acquisitions rarely work out well in the wealth sector and prefers the local-partnership approach.
After making a raft of investment and sales hires in the region, the Swiss firm is building out its middle and back office and mulling a QFII licence application.
The privately held Swiss bank is targeting additional alliances with third-party players in Asia and is debating booking-centre status in Hong Kong. It is also seeking RMs in Singapore.
The Swiss firm hires a head of institutional client relationships in Southeast Asia, a regional third-party distribution specialist and a business development director for Korea.
The privately held Swiss bank is hiring institutional sales staff and is looking to bring on a long-short equities team, credit and currency specialists and a regional CIO this year.
Lombard Odier has appointed Vincent Duhamel to drive its entry into Asia’s institutional asset management business, as well as to help grow its private client offering.