Swiss private bank Lombard Odier is reportedly planning to expand presence in new growth markets of South East Asia, China, Middle East, India, Latin America and Central Asia, which have registered sizeable rise in private wealth over the past decade.
"Global wealth has been growing. Of course, there has been some major geographical shift. Lombard Odier has been expanding our geographical coverage with presence in 20 locations across the world," Patrick Odier, global senior partner of Lombard Odier told gulfnews.com.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Some of the new offshore asset booking centres in Asia and Middle East including the Dubai International Financial Centre has the potential to become major global centers, Odier opined.
Regarding home market, Odier suggested that Switzerland should sign agreement with European governments to secure better access for the country’s asset and wealth managers to clients in European markets as new asset booking centers are emerging in Asia.
Currently, only few EU countries permit Swiss banks to solicit customers through offices in that country or elsewhere in the bloc.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
