Lombard Odier committed to developing Emirati private bankers

• Text size
•  
•  

Despite current challenging economic and financial climate, Swiss private banker Lombard OdierLombard Odier is demonstrating its commitment to develop promising Emiratis in the field of banking and financial services.

For the third consecutive year, Lombard OdierLombard Odier will offer fully sponsored work placement opportunities to students from the Higher Colleges of Technology (HCT)Higher Colleges of Technology (HCT); a result of the Memorandum of Understanding signed between the Swiss private banker and university in 2007 under the patronage of H.H. Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Higher Education and Scientific Research, Chancellor of the HCTHCT.

This year, applications for the Lombard OdierLombard Odier internship program jumped by some 50%, indicating an interest to learn the fundamentals of private banking amongst Emirati students. In a joint selection process with the HCTHCT, Lombard OdierLombard Odier has identified Saeed Humaid Al Qubaisi and Aylan Al Otaiba for this year's internship program that runs in Geneva from 3^rd July to 15^th August.

Pasha Bakhtiar, Managing Director, Lombard OdierLombard Odier Dubai said: "The future of private bankers depends on both current and future generations. Our customized internship programs allow current generation of bankers to engage with promising talents and ensure that knowledge and insights are passed on. With the increasing importance of the UAE as a financial hub, we will continue to partner with the HCTHCT in the grooming of local talents."

Simon Jones, Director of Abu Dhabi Men's College said: "The continued relationship between HCTHCT and Lombard OdierLombard Odier is exceptionally important as we work together to build skills of the next generation. Internship programs such as Lombard OdierLombard Odier's reinforce the fact that education is about more than simply sitting in a classroom, it's about experiences."

About Lombard OdierLombard Odier:
Lombard OdierLombard Odier is one of the largest independent private bankers in Europe. With $125 billion of assets under management as at January 2009, the Group has a headcount of 1,800 and offers its clients a broad range of investment advice, financial products and specialized services. Lombard OdierLombard Odier is reputed for its vast experience in global asset management and has also become a major player in the alternative field.

For over 200 years as a family firm of private bankers, its vocation has remained the same - to preserve and grow the assets entrusted to it by its clients, and to help pass them down to future generations. Lombard OdierLombard Odier strives to develop lasting relationships with each of its clients, based on trust and the greatest respect for personal privacy. In striving for excellence as private bankers, the Group devotes all of its expertise, know-how and experience to seeking tailor-made solutions that meet each of its clients' needs.

Lombard OdierLombard Odier has been offering its suite of unique private banking services and solutions to the Middle East for over 50 years. In February 2007, the firm established a formal presence in the region with the inauguration of their representative office in Dubai headed up by Managing Director, Pasha Bakhtiar.

© Press Release 2009