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Lombard Odier says no to Asia M&A

Bernadette Tio
Vincent Duhamel, the Swiss private bank's Asia head, says acquisitions rarely work out well in the wealth sector and prefers the local-partnership approach.
Lombard Odier says no to Asia M&A

Swiss private bank Lombard Odier will not acquire wealth businesses in Asia despite ongoing industry consolidation, preferring to establish local partnerships to gain access to onshore clients.

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