Swiss private bank Lombard Odier has posted a consolidated net profit of CHF144m for the year ended 31 December 2015, up 20% compared with CHF120m a year ago.
The group’s net profit excluding non-recurring items remained broadly flat compared to 2014.
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Total client assets as of 31 December 2015 stood at CHF224bn versus CHF215bn at the end of December 2014.
Client assets under management reached CHF160bn at the end of December 2015. The group posted an operating income of CHF1.07bn for 2015, up 4% compared to CHF1.03bn in 2014.
Lombard Odier’s total client assets in the private clients business reached CHF116bn, while asset management clients invested CHF49bn with Lombard Odier Investment Managers.
Technology and banking services clients entrusted an additional CHF59bn of assets to Lombard Odier, the bank said in a statement.
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By GlobalDataAs of 31 December 2015, the group’s total assets stood at CHF16bn and its fully-loaded Basel III CET1 ratio stood at 25.7% compared to 22.6% in 2014.
Operating cost-income ratio for the Group was stable at 80% reflecting investments in growth initiatives.
Lombard Odier senior managing partner Patrick Odier said: "We continue to invest in our private client businesses in Europe, Switzerland and the emerging economies; distinctive and innovative investment solutions for institutional clients; and further developments into the technology platform that Lombard Odier provides also to third parties."
