*"Our clients are increasingly looking to Asia for growth opportunities, and this expansion underscores our commitment to being where they need us most," said Frédéric Rochat, Co-Head of Lombard Odier Group, in a statement accompanying the announcement.*
Lombard Odier, the Swiss private bank with over 225 years of history, has unveiled its latest milestone: the opening of a new regional office in Singapore. This strategic move not only solidifies the bank's long-standing presence in Asia but also reflects its ambition to capture a growing share of wealth management opportunities in one of the world’s most dynamic regions. The new hub, situated at Marina One in the heart of Singapore's financial district, is designed to cater to the complex needs of ultra-high-net-worth individuals (UHNWIs), family offices, and institutional clients.
Singapore has increasingly positioned itself as a nexus for global wealth, regulatory stability, and financial innovation. Lombard Odier’s decision to double down on its Singapore operations comes at a time when the Lion City is witnessing massive inflows of capital from across the globe. According to recent data from the Monetary Authority of Singapore (MAS), assets under management in the city-state crossed $5 trillion in 2022—a testament to its growing allure for global investors.
Lombard Odier’s expansion also highlights a broader trend among private banks and wealth managers seeking to strengthen their foothold in Asia. The region, home to over a third of the world’s billionaires, continues to see rapid wealth creation driven by economic growth, technological innovation, and intergenerational wealth transfers. For the Swiss bank, which has been serving Asian clients since the mid-20th century, this move signals its intention to remain a key player in the region’s competitive wealth management landscape.
In addition to providing bespoke investment solutions and family office services, the new Singapore hub will focus on sustainable investing—a cornerstone of Lombard Odier's global strategy. "Sustainability is not just a trend; it’s a paradigm shift in how wealth is managed," Rochat explained. "Our clients increasingly prioritize investments that generate both positive returns and measurable environmental and social impact."
The Singapore office is also set to act as a bridge for clients seeking opportunities in Europe and beyond. As cross-border wealth management becomes more sophisticated, Singapore’s role as a gateway for Asian capital to flow into global markets has grown exponentially. Lombard Odier’s expertise in navigating complex tax regimes, regulatory frameworks, and multi-generational wealth planning positions it as a trusted advisor for affluent families and institutions alike.
The opening ceremony was attended by prominent figures from Singapore's financial ecosystem, reflecting the significance of Lombard Odier's investment in the region. The bank also announced plans to collaborate with local universities and think tanks to foster innovation in sustainable finance and wealth management practices.
The decision to expand in Singapore complements Lombard Odier’s broader Asia-Pacific strategy, which includes established offices in Hong Kong, Tokyo, and Australia. By leveraging the synergies across its regional network, the bank aims to offer a seamless experience for clients navigating the complexities of global wealth preservation and growth.
As the wealth management industry faces challenges ranging from economic uncertainty to evolving client expectations, Lombard Odier’s move is both timely and strategic. With its blend of heritage, innovation, and a sharp focus on sustainability, the bank is well-positioned to serve Asia’s new generation of wealth creators.
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*“We see Asia not just as a market, but as a key driver of the future of global wealth management,” Rochat concluded. “Our expansion here reflects our belief in the region’s potential and our determination to grow alongside our clients.”*
Lombard Odier’s new Singapore hub is more than just an office; it’s a statement of intent. As Asia continues to reshape the contours of global finance, the Swiss bank’s deepened presence in the region underscores its readiness to embrace the opportunities—and challenges—that lie ahead.
(Editors: admin)