Western Europe's best bank for wealth management 2019: Lombard Odier
Awards for Excellence 2019
This year Lombard Odier is western Europe’s best bank for wealth management. It has $262 billion in client assets, making it a medium-sized player, yet it succeeds in having the feel of a boutique wealth manager thanks to its structure.
The bank is solely owned by its managing partners, ensuring consistent investment in the business and an alignment of interests with its clients. This is an increasingly enticing proposition in Europe as some of the larger private banks have been stressed by costs.
Last year, operating income at Lombard Odier rose 6% to SFr1.2 billion ($1.2 billion) driven by an increase in client activity and solid net new money growth; net profit rose by 13%.
In March this year, Lombard Odier became the first global wealth manager to become a certified B Corporation, showing its commitment as a firm to corporate responsibility and sustainable investment.