Lombard Odier has been named “Best United Arab Emirates Private Bank” (International) 2016 at the WealthBriefing GCC Region Awards. It is the fifth consecutive year that the bank has been recognised for its private banking services in the region. The recognition caps off a momentous year for the bank, having recently celebrated its 10-year anniversary in Dubai.
In winning the award, Lombard Odier faced competition from a number of other top tier private banks like Barclays, ABN AMRO, and Liechtensteinische Landesbank. Judges highlighted the banks’ continued evolution, and its ability to adapt to the local market needs and requirements as strong proof points. In 2016, Lombard Odier added an Islamic investments offering to its list of growing capabilities.
“Clients’ needs today are increasingly complex, particularly in light of recent economic volatility, and private banks need to react accordingly in order to stay competitive. So we are very proud of this award, which recognises both our continued development, as well as our ability to deliver highly tailored banking and wealth management services,” said Christophe Lalandre, Managing Director of Lombard Odier in Dubai.
The bank, which has now served clients in the region for over 50 years, has doubled its size in the UAE over the last five years, hiring specialized senior bankers to meet the needs of its unique customer base. And as part of the company’s steady growth, the team also celebrated an office move to the Conrad business tower in 2016.
The awards were announced at a ceremony held at the Taj hotel in Dubai on Tuesday, November 1 in the presence of Patrick Odier, Senior Managing Partner of the Lombard Odier Group. Other industry awards Lombard Odier has received in recent years include the “Best United Arab Emirates Private Bank” (International) at the 2015 WealthBriefing GCC Region Awards, “Best United Arab Emirates Private Bank (Pure Play)” at the 2014 WealthBriefing Awards GCC, “Best Private Bank” at the 2013 Middle East Industry Awards, and “Best Foreign Bank” at the 2012 Banker Middle East Industry Awards.
For further information visit www.LombardOdier.com
-Ends-
About Lombard Odier
Lombard Odier is a leading global wealth and asset manager focused on providing solutions to private and institutional clients as well as to other financial institutions.
For 220 years, the firm has been solely dedicated to serving clients and forged a strong tradition of innovation in the way it advises clients, manages investment strategies and develops new technologies.
With 229 billion US dollar of total client assets, per end-June 2016, Lombard Odier provides a complete palette of wealth management services including among others succession planning, discretionary and advisory portfolio management and custody services.
Lombard Odier Investment Managers (Lombard Odier IM), the Group’s asset management unit, offers its clients a range of innovative solutions including risk-based asset allocation, thematic equity investments, convertible bonds as well as alternative strategies.
One of the world’s best-capitalised banks, with a highly liquid balance sheet, Lombard Odier has grown stronger through more than 40 financial crises and stayed true to its primary vocation of preserving and growing clients’ wealth.
As an independent business wholly owned by its Managing Partners, stability is the watchword. The Partnership model fosters a long term-vision, full alignment of interest and mutual trust with clients.
Lombard Odier Group employs about 2,250 people. Headquartered in Geneva since 1796, the Group has 26 offices in 19 jurisdictions including London, Paris, Zurich, Moscow, Dubai, Hong Kong, Singapore and Tokyo.
Lombard Odier Group
Media Relations
Rue de la Corraterie 11
Hill + Knowlton Strategies
1204 Geneva - Switzerland
Dubai
www.lombardodier.com
François Mutter
Media Relations
Tel.: +41 (22) 709 93 64
f.mutter@lombardodier.com
Rusol Tamimi
Media Relations
Tel.: +971 56 401 1463
rusol.tamimi@hkstrategies.com
© Press Release 2016
