Lombard Odier has struck a new partnership with the Philippines' UnionBank and it is now eyeing other markets in Southeast Asia, says the firm's Asia head of private banking.
Tag : vincent magnenat
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.
Lombard has recruited David Loo from Citi to oversee the Swiss private bank's regional development. It comes just months after the firm signed a partnership deal with Thailand's Kasikornbank.
The Swiss private bank signs a partnership deal with Kasikornbank to gain access to its high-net-worth clients and to receive referrals. Its Asia-Pacific chief spells out the rationale.
Lombard Odier adds Singapore CEO, BlackRock hires Hong Kong retail head, Coutts names Asia COO and Ascalon Capital Managers appoints chief executive.
