Global private bank Lombard Odier and Australian wealth manager JBWere have agreed a strategic alliance agreement.
Having worked in close partnership since 2011, the agreement formalises the relationship between Lombard Odier and JBWere, to provide JB Were’s high net worth (HNW) and ultra HNW clients onshore access to Lombard Odier’s globally diversified and risk-based investment offerings.
In turn, Lombard Odier will tap into JBWere’s local knowledge and network to accelerate its development and grow its client base for its Asia Pacific business.
Vincent Magnenat, limited partner and chief executive for Asia at Lombard Odier, said: “At Lombard Odier, we believe that the future of private banking is both offshore and onshore.
“This latest addition of JBWere to our ecosystem of strategic alliances in Asia Pacific reinforces Lombard Odier’s commitment to providing local, regional and global opportunities for the HNW and UHNW population in the region.”
Justin Greiner, chief executive at JBWere, added: “Now, in an age where people can do more with their wealth than ever, our role is to understand precisely what impact our clients would like to have. And as we move forward in this new phase of our relationship with Lombard Odier, we can give our clients even more confidence to realise their legacies and do what matters.”