Re­think­ing ev­ery­thing

Swiss bank Lom­bard Odier makes waves in the Mid­dle East

Arabian Business English - - SPOTLIGHT -

The snow-capped peaks of Switzer­land and the sweep­ing dunes of the Mid­dle East are a stark geo­graph­i­cal con­trast. Both places also of­fer very dis­tinc­tive fi­nan­cial ser­vices sec­tors. Swiss bank­ing boasts a long legacy of pru­dence, dis­cre­tion and tra­di­tion; Is­lamic fi­nance is a com­par­a­tive new­comer – in­no­va­tive and val­ues-based. It might come as a sur­prise then, that one Swiss bank has been mar­ry­ing these virtues to­gether in the Mid­dle East for more than half a cen­tury.


Es­tab­lished in Geneva in 1796, Lom­bard Odier has al­ways em­braced a cen­tral phi­los­o­phy: re­think ev­ery­thing. That in­stinc­tive readi­ness to adapt is built on Swiss foun­da­tions of re­li­a­bil­ity and strength. Lom­bard Odier acts for the long-term. Since 2006 it has built an award-win­ning UAE pres­ence, car­ry­ing off top hon­ours at the re­gional WealthBrief­ing Awards for the last seven years in a row. The bank has a con­sis­tent strat­egy and vi­sion; the same man­age­ment team that first walked through the doors of the Dubai rep­re­sen­ta­tive of­fice re­mains there to­day. Lom­bard Odier’s in­de­pen­dent own­er­ship model places the client cen­tre-stage. Its six man­ag­ing part­ners are all own­ers, man­agers and bankers; they are en­trepreneurs in the truest sense. Their in­ter­ests are struc­turally aligned with those of the bank’s clients.


As a fam­ily busi­ness, Lom­bard Odier con­nects with other fam­i­lies. Some of its Part­ners rep­re­sent the sev­enth gen­er­a­tion at the bank, and Lom­bard Odier un­der­stands the im­por­tance of trans­mit­ting wealth across gen­er­a­tions. In the Mid­dle East, the bank’s com­mit­ment to be­spoke wealth man­age­ment, and its lo­cal knowl­edge and pres­ence com­ple­ments the skills of 210+ in­vest­ment pro­fes­sion­als in Switzer­land. Tai­lor-made client solutions are de­liv­ered through mar­ket-lead­ing tech­nol­ogy.


Lom­bard Odier’s com­bi­na­tion of Swiss and Mid­dle Eastern cul­ture and val­ues was crys­tallised ear­lier this year, with the launch of the Lom­bard Odier Shariah Dis­cre­tionary man­date, which re­ceived cer­ti­fi­ca­tion from the Shariah Su­per­vi­sory Board of Amanie Ad­vi­sors. It of­fers a range of risk pro­files, which blend hold­ings in sukuks and con­ser­va­tively se­lected eq­ui­ties with key the­matic funds in ar­eas such as real es­tate. It draws on Lom­bard Odier’s pow­er­ful her­itage in sus­tain­able in­vest­ment and its fun­da­men­tal be­lief that wealth can be a force for good, as well as gen­er­at­ing re­turns. For Lom­bard Odier Cap­i­tal Part­ner Ar­naud Le­clercq, the 2018 an­niver­sary of the global fi­nan­cial cri­sis re­minds us that with­out pru­dent man­age­ment, banks too can come and go. “Lom­bard Odier’s story is one of strength and so­lid­ity,” he says. “Through 222 years we have been an em­blem of Swiss bank­ing’s abil­ity to thrive and grow. And thanks to our deep roots in the Mid­dle East, we will serve a new era of clients for gen­er­a­tions to come.”

“Lom­bard Odier’s story is one of strength and so­lid­ity. Through 222 years we have been an em­blem of Swiss bank­ing’s abil­ity to thrive and grow”

Ar­naud Le­clercq, Cap­i­tal Part­ner, Lom­bard Odier Group

The planned new Lom­bard Odier head­quar­ters in Switzer­land

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