Lombard Odier has posted a net profit of SFr111m ($138.3m) for the first half of 2025 (H1 2025), a 4% decrease from H1 2024.
The Swiss wealth manager’s operating profit for the first half stood at SFr139m, marking a 19% surge from the prior year.
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Its operating income for the first half was SFr678m, up 2% from the same period last year, benefitting from a 6% rise in commission income.
Operating expenses decreased by 1% year-on-year to SFr532m.
Assets under management (AuM) were SFr211bn as of 30 June, reflecting a 2% decline from the end of December 2024.
The firm noted that while AuM benefited from net new money and favourable market conditions, it was adversely affected by negative currency fluctuations stemming from the depreciation of the US dollar against the Swiss franc.
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By GlobalDataConsequently, the group’s total client assets amounted to SFr323bn at the close of June 2025.
Lombard Odier senior managing partner Hubert Keller said: “Lombard Odier delivered solid results in H1 2025. Our clients continue to place their trust in us, valuing our investment expertise and the stability of our independent partnership model, particularly during volatile markets.
“In September we will inaugurate our new Geneva headquarters, a strategic step that positions us well for continued growth.”
Lombard Odier’s Common Equity Tier 1 (CET1) ratio was 33.6% at the end of June. This is “among the highest in the industry at 33.6% and more than double that required by the regulator”, stated the firm.
