Lombard Odier reports rise in 2018 profit

Swiss private bank Lombard Odier has reported a consolidated net profit of CHF272m for the year ended 31 December 2018. This is a jump of 86% from last year’s figure of CHF146m. The increase in profit was said to be driven by one-time items. Excluding one-time items, consolidated net profit increased 13% to CHF165m on…

Lombard Odier brings blue-blooded private banking to SA

The 222-year-old, Swiss bank was recently awarded a category one licence from the Financial Sector Conduct Authority 25 OCTOBER 2018 – 18:41 WARREN THOMPSONSwitzerland-based private bank Lombard Odier is expanding its services to the South African market, targeting clients looking to diversify their portfolios offshore. The 222 year old bank will provide advisory and related…

LOMBARD ODIER ANNUAL REPORT

Swiss private bank Lombard Odier has reported a consolidated net profit of CHF124.5m for the year ended 31 December 2016. The group’s operating income was CHF1.04bn. Total client assets as of 31 December 2016 were CHF233bn, an increase of 4% compared to the last year. The growth was bolstered by net inflows of CHF5.2bn. Lombard…