Geneva-based Lombard Odier (Lombard) has
rolled out private banking operations in Dubai in a bid to create a
hub for “new market” clients from the Middle East, Africa, Eastern
Europe and Central Asia.

According to Lombard limited partner and head
of new markets Arnaud Leclercq, the current economic climate
presents bank with “a number of opportunities”.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Currently based in Geneva, Leclercq will
relocate to Dubai and “several key” hires will follow in the coming
months, the bank said.

 

Contender to Europe

Leclercq said UAE is “a viable alternative” to
Europe due to country’s “encouraging” business environment.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“The expansion of the geographic reach of our
Dubai operations serves as a bridge between key wealth-creating
areas and the bank’s strategic hubs in Switzerland and Asia,”
Leclercq added.

Lombard, which manages $167bn in client
assets, has been developing client relationships in the Gulf
Corporation Council countries for more than 50 years.