Lombard Odier (Singapore), Ltd, part of global wealth and asset manager Lombard Odier Group, has entered a cooperation agreement with Mizuho Securities (Singapore) Pte. Ltd. further expanding its Asia footprint to offer global investment solutions and wealth management expertise.
MHSS’ clients will have access to Lombard Odier’s cutting-edge wealth management platform with the backing of a solid, financially strong and innovative institution. The bespoke wealth management solution will be tailored to MHSS’ needs to enhance their business model while helping client advisors to spend more time with clients and focus on the core business. As part of the partnership, Lombard Odier will also extend to MHSS its expertise in global wealth management as well as training and knowledge sharing to help boost MHSS’ capabilities in wealth management.
Vincent Magnenat, Limited Partner, and CEO Asia Pacific at Lombard Odier, said, “By teaming up with MHSS we are excited to further expand our partnership network in Asia Pacific. This strategic cooperation will offer MHSS’ clients access to our global investment solutions, our firstrate wealth management platform and more than two centuries of expertise. In addition, through our two-way knowledge sharing, each party will work to its strengths. Clients will benefit from the unique combination of Lombard Odier’s global investment and wealth management expertise coupled with Mizuho’s local knowledge and wide Japanese network.”
Hirona Ishii, CEO of MHSS, added: “This agreement is an important part of Mizuho’s strategy to build a leading wealth management business and to expand our business in the Asia-Pacific region. Through the agreement, Mizuho aims to capture and meet the diversified and complicated wealth management needs of clients in the Asian region. We will continue to contribute to our clients’ successful wealth management planning and implementation.”
The agreement is the latest in a series of strategic onshore partnerships forged since 2012 to expand Lombard Odier’s network and client base in the Asia-Pacific region. Lombard Odier announced strategic partnerships with UnionBank in the Philippines in August 2016, Kasikornbank in Thailand in December 2014 and most recently, Bank Mandiri in Indonesia in April this year.
Lombard Odier has seen steady growth in Asia through the pursuit of three core pillars which underpin its business in the region; managing global wealth through its business hubs in Singapore, Hong Kong and Tokyo; partnerships with regional financial institutions which offer onshore investment solutions for private clients managed according to the expertise and risk-based models of Lombard Odier; and family services and related wealth planning solutions. Lombard Odier is a go-to discretionary investment manager for private clients seeking its sophisticated risk-based investment portfolio management approach.
Re-disseminated by The Asian Banker