Wealth manager Lombard Odier has signed a strategic agreement with Kasikornbank to expand its network in Asia and offer the Thai bank’s private clients access to global investment solutions and wealth management expertise.

 

The move is the latest in a series of strategic alliances aimed at expanding Lombard Odier’s networks and client base in the Asia-Pacific region, a key growth engine for the Swiss wealth manager.

 

Since 2012, Lombard Odier has forged partnership agreements with Australian wealth manager JBWere and South Korea’s Kookmin Bank to tap new opportunities and strengthen its commitment to the region.

 

According to the memorandum of understanding, Lombard Odier will manage global investment funds on behalf of Kasikornbank’s private clients in return for a management fee. Under a separate arrangement, the Swiss wealth manager will also act as an exclusive offshore custodian for the bank’s clients, using Singapore as a booking centre. Kasikornbank clients with assets under custody in Singapore will access Lombard Odier’s broad network of private banking experts.

 

Kasikornbank will refer high net worth private clients to Lombard Odier, where appropriate, while the Swiss firm will provide advisory training for the Thai bank’s relationship managers and financial advisors.