Published by Wealth Briefing Asia – 23rd May 2017
Lombard Odier, the Switzerland-headquartered private bank and investments house, has announced that its Asia head, Vincent Duhamel, is stepping down as chief executive in the region, taking up the post of Asia chairman. He had been the bank’s Asia head for six years.
Vincent Magnenat, CEO of the Singapore office and Asia head of private banking since early 2014, will be appointed CEO for Asia, while holding his Singapore chief executive role.
Magnenat will continue to oversee Asia private banking from Singapore.
Europe-based managing partners, Hubert Keller and Hugo Bänziger, will remain members of the group’s Asia Board.
Prior to joining Lombard Odier, Magnenat spent close to nine years at Société Générale, where he led regional sales and marketing activities for the private bank in Asia. He began his global private banking career at Credit Suisse in Switzerland and relocated to Singapore in 2002.
“Asia has become a key growth engine for the Group. We have operated in the region for 30 years and are as committed as ever to further expanding our business and offering there,” Keller said.
Lombard Odier has offices in Singapore, Hong Kong and Tokyo. Lombard Odier has forged a number of strategic partnerships with financial institutions in Thailand, the Philippines, South Korea, China and Japan. The firm also manages assets for institutional clients in Asia and partners with external asset managers in the custodian, wealth planning, advisory and wealth management arenas.
