Lombard Odier to grow private banking business in Japan

Tokyo

LOMBARD Odier, Geneva's oldest private bank, plans to expand its private banking business in Japan, adding about 10 wealth management employees in a bid to double its client base and assets over the next two years.

The bank, which manages a total of 209 billion Swiss francs (S$304 billion) on behalf of clients, will boost its headcount in Japan to around 40 with the hiring plan, said Keiichi Hirano, head of Lombard Odier's Japanese private banking operation.