• Published on 16 February 2023
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Mizuho and Lombard Odier agree to expand onshore collaboration in Japan

Mizuho Financial Group and Lombard Odier have entered into a strategic alliance agreement aimed at enhancing the private banking offering and services to Japanese high-net-worth individuals.

The agreement was signed by Masahiro Kihara, president and CEO of Mizuho and Vincent Magnenat, representative director of Lombard Odier Trust (Japan), which is part of the Lombard Odier Group.

Mizuho leverages the resources and expertise across its entire business lines to provide products and solutions that transcend the boundaries of finance to meet the diverse and sophisticated needs of high-net-worth individuals and their families, including asset management, real estate, inheritance and succession planning, and philanthropy. In addition, in 2021, it launched Mizuho Connected Services, a new membership service for its ultra high-net-worth clients that provides a ‘one-stop’ service that caters to their wide range of needs.

Lombard Odier, one of the oldest private banks in Switzerland with over 220 years of experience, is a global wealth and asset manager, and a leader in sustainable investing. Lombard Odier has been present in Asia for over 35 years, providing a comprehensive offering of wealth services to leading families and entrepreneurs in the region, and supports the transition to a sustainable world using rigorous methodology, a scientific framework, and a wide range of investment solutions.

Through the recently signed strategic alliance agreement, Mizuho will be able to provide more advanced and fully-fledged wealth management services to Japanese high-networth clients by offering products and services that leverage the high expertise and global network of Lombard Odier, in addition to Mizuho’s current suite of products and services. By providing new products and services, Mizuho and Lombard Odier will further enhance their client servicing excellence through personnel exchanges between the two financial institutions and the participation of Mizuho employees in Lombard Odier's training programmes.

The strategic alliance builds on an existing relationship between their respective Singapore subsidiaries Mizuho Securities (Singapore) and Lombard Odier (Singapore), which was forged in 2018. With this newly-signed agreement, the collaboration between Mizuho and Lombard Odier will now extend to Japan.

Mizuho and Lombard Odier will continue to provide a bespoke level of excellence in private wealth management to leading Japanese families and entrepreneurs that is specifically tailored to holistically meet their global investment and private banking needs, not just today, but for future generations.

Re-disseminated by The Asian Banker