Private banking group Lombard Odier will open an office in Verbier by the end of the year in order to strengthen its presence “in a priority region”.
Under the operational responsibility of Stéphane Pedraja, capital partner in charge of French-speaking Switzerland within the private client unit, the office will give clients more access to their private bankers and offer more access to Lombard Odier’s services in wealth and asset management.
Gérard Felley, partner and chairman of the Swiss domestic market at Lombard Odier, said: “For many of our existing or prospective clients, mobility is now a standard of living. A favoured destination in Switzerland, Verbier has become as much a place of residence as a leisure destination, hosting major sporting events and cultural activities.
“Establishing a presence in the Valais resort was therefore an obvious choice. We are convinced of the significant development potential of this future office, and that it will bring us closer to our clients and increase our visibility.”
Pedraja added: “This new local representative office, which aspires to be a driver of growth, will be able to draw on the success of our offices in French-speaking Switzerland and our headquarters in Geneva. It will offer a local service to our existing and prospective clients, whilst allowing them to benefit from our Group’s global and international expertise.”