Industrial Bank has entered into a cooperative agreement with Lombard Odier for private banking services.
Under the agreement, both the banks will work together in allocating global assets, designing products and high-end value added services overseas, according to MENAFN.com.
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Through this deal, Industrial Bank will be able to offer more private banking services for Chinese customers abroad.
Additionally, Industrial Bank will offer local investment and value added service for customers of Lombard Odier in China.
Industrial Bank now has 15,000 private banking customers, managing assets approaching CNY 200 billion.
Lombard Odier currently manages assets of more than US$ 200 billion.
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