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.
After making a raft of investment and sales hires in the region, the Swiss firm is building out its middle and back office and mulling a QFII licence application.
The privately held Swiss bank is targeting additional alliances with third-party players in Asia and is debating booking-centre status in Hong Kong. It is also seeking RMs in Singapore.
The Swiss firm hires a head of institutional client relationships in Southeast Asia, a regional third-party distribution specialist and a business development director for Korea.
The privately held Swiss bank is hiring institutional sales staff and is looking to bring on a long-short equities team, credit and currency specialists and a regional CIO this year.
Lombard Odier has appointed Vincent Duhamel to drive its entry into Asia’s institutional asset management business, as well as to help grow its private client offering.
Duhamel will spend the next few months in Canada, where he will presumably mull over his next move.