*"Asia continues to be a cornerstone of our global strategy, where the intersection of entrepreneurial growth and intergenerational wealth creates unparalleled opportunities," said Vincent Magnenat, Limited Partner and CEO for Asia at Lombard Odier. "Our new Singapore hub is a testament to the region’s undeniable importance in the future of wealth management."*
In a decisive move underscoring its commitment to the Asia-Pacific region, Swiss private bank Lombard Odier has announced the establishment of a state-of-the-art hub in Singapore. This strategic expansion not only strengthens the bank’s footprint in Asia but also reflects its vision of catering to the region’s burgeoning high-net-worth and ultra-high-net-worth clientele.
Singapore has long been regarded as a pivotal financial gateway to Asia, offering a stable economic environment, favorable regulatory policies, and a growing concentration of family offices. Lombard Odier, which has been operating in the region for over a decade, is deepening its presence to meet the demands of affluent families and institutional clients seeking bespoke wealth management solutions. This move comes as the city-state continues to outpace its regional peers in attracting global wealth, cementing its reputation as a hub for offshore banking and sustainable investment strategies.
The new Singapore hub will serve as a center for the firm’s integrated wealth and investment advisory services, including sustainable portfolio management, tax-efficient structuring, and cross-border wealth planning. It also reflects Lombard Odier’s growing emphasis on sustainable finance—a core pillar of its global strategy. The bank has been a leader in ESG-focused investing, leveraging its expertise to guide Asia’s wealthiest families on integrating sustainability into their legacy planning.
*"We are seeing a profound shift in the priorities of our clients across Asia," Magnenat added. "They are not only looking to preserve wealth but also to ensure it has a meaningful impact for future generations. Singapore, with its forward-looking policies and robust financial ecosystem, is the ideal location to engage in these critical conversations."*
The timing of this expansion aligns with broader trends in the global wealth management industry. According to Capgemini’s World Wealth Report 2023, the Asia-Pacific region accounted for 39% of the world’s millionaire population, with a growing preference for tailored, cross-border solutions. Singapore’s appeal as a premier destination for family offices has also surged, with over 700 family offices reportedly established in the city-state as of mid-2023. Lombard Odier’s enhanced presence positions it to capitalize on these dynamics and offer sophisticated advisory services to this growing clientele.
In addition to its client-facing initiatives, the Singapore hub will also serve as a platform for talent acquisition and technological innovation. By investing in digital tools and fostering local expertise, Lombard Odier aims to deliver a seamless, personalized client experience—further solidifying its reputation as a trusted partner for Asia’s elite.
The opening of the Singapore hub represents more than just geographic expansion; it is a clear signal of Lombard Odier’s long-term commitment to the region. As Asia continues to redefine the global wealth landscape, the bank’s strategic foresight is likely to resonate with the next generation of wealth holders seeking stability, innovation, and purpose-driven financial solutions.
(Editors: admin)