Lombard Odier to Expand Private Banking Business in Japan
- Plans to have a total of 40 wealth management staff in Japan
- Seeking alliances with more regional banks to tap new clients
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Lombard Odier, Geneva’s oldest private bank, plans to expand its private banking business in Japan, adding about 10 wealth management employees in a bid to double its client base and assets over the next two years.
The bank, which manages a total of 209 billion Swiss francs ($216 billion) on behalf of clients, will boost its headcount in Japan to around 40 with the hiring plan, said Keiichi Hirano, head of Lombard Odier’s Japanese private banking operation.