Swiss private bank Lombard Odier has appointed Stephen Kamp as chief operating officer (COO) for private clients.

He will assume his new position on 16th August, reporting to co-head of the private clients business, Frédéric Rochat.

Kamp will be based in Geneva and will also be a member of the executive committee.

He joins from fellow Swiss bank Julius Baer, where he was deputy regional head of Europe, responsible for southern Europe and Israel.

He previously worked as deputy region head for Latin America and Israel after joining Julius Baer from HSBC in 2012.

Kamp had been at HSBC since 2004, where he led the development of its wealth management business in southern Europe and took charge of the bank’s merger with Guyerzeller.

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He was subsequently appointed as HSBC’s chief operating officer of private banking in 2011.

A statement from Lombard Odier says Stephen Kamp’s “solid knowledge of the banking world, his network and his ability to carry out strategic products are assets, which will support Lombard Odier’s growth in its priority markets and strengthen the devlopment of cutting-edge technological solutions for its clients.”

Lombard Odier has this year set about expanding its footprint in the Middle East, launching a new office in Abu Dhabi in February.

The Swiss reported a rise in profit for the year ended 31st December 2018 in March, posting net profit of CHF272m, a rise of 86% from the year previously.