Lombard Odier Group

Bank Overview

Lombard Odier Group, officially known as Lombard Odier & Cie SA, is one of Switzerland’s oldest private banks, founded in 1796 by Henri Hentsch and later joined by Jean-Gédéon Lombard in 1798. Headquartered at Rue de la Corraterie 11 in Geneva, the bank is managed by seven current partners—Hubert Keller, Frédéric Rochat, Denis Pittet, Jean-Pascal Porcherot, Alexandre Meyer, Xavier Bonna, and Christophe Hentsch—and employs approximately 2,720 staff across more than 25 offices worldwide, including in Europe, Asia, the Americas, and the Middle East. Its global services span private banking, asset management, and IT/back-office solutions. The Geneva headquarters can be reached at +41 22 709 21 11 or via contact@lombardodier.com. Branch-specific contacts include Zurich (+41 44 214 11 11), Lausanne (+41 21 321 18 18), Fribourg (+41 26 347 55 55), Vevey (+41 21 923 30 11), Luxembourg (+352 27 78 5000), Nassau (+1 242 302 2100), Singapore (+65 6305 7788), Hong Kong (+852 2501 8500), Bermuda (+1 441 292 7817), Gibraltar (+350 200 73 350), Milan (+39 02 00697 700), Dubai (+971 4 509 0117), Moscow (+7 495 225 93 13), Panama (+507 282 85 40), Brussels (+32 2 543 0830), Paris (+33 1 4926 4600), and Tel Aviv (+972 73 380 1830), with all locations reachable via contact@lombardodier.com.

Services Offered

1. Private Banking & Wealth Management
   • Discretionary & advisory portfolio management: Tailored investment mandates built around your goals—managed by expert teams using robust asset-allocation frameworks.
   • Wealth planning: End-to-end planning including tax optimization, retirement, relocation, liquidity, asset protection, succession, and philanthropy—delivered collaboratively with legal and tax advisors.
   • Family governance: Supports governance structures, intergenerational transition, family business advisory, and philanthropic strategy (through their “Philanthropia” foundation).

2. Investment Solutions & Asset Management
   • Broad asset coverage: Equities, bonds, investment funds, alternatives, and private assets.
   • Proprietary research & open architecture: Combines top-down allocation and bottom-up conviction; uses multi-asset frameworks and “PrivilEdge” fund platform.
   • Private assets: Access to private equity, real estate, and infrastructure—enhancing diversification and long-term returns.
   • Asia-focused strategies: Specialty mandates in Asian equities and fixed income, emphasizing sustainability and performance.

3. Asset Servicing & Custody (Global Assets+)
   • Global custody & reporting: End-to-end administration, including trading, settlement, securities accounting, tax recovery, and voting rights.
   • Technology-driven oversight: Secure dashboards with analytics on performance, risk, ESG, exposure—across all assets, including third-party holdings.

4. Lending & Financing
   • Lombard loans: Credit facilities against clients’ existing assets (bonds, funds)—offering liquidity and leverage capabilities.

5. Digital & Tech Services
   • Client-facing digital tools: Platform suite (“LO Gate”, “LO Trading”, “LO Smart”) for onboarding, portfolio views, trading, and reporting.
   • Banking tech infrastructure: Proprietary platforms (“G2” / “GX”) offered as BPO/ASP to other banks—covering front-to-back office, custody, accounting, compliance, and digital channels.

6. Strategic Alliances in Asia
   • Onshore/offshore integration: Partnerships across Asia (e.g., Mizuho, Kasikornbank, Hong Leong) enable local HNWIs to access global solutions via domestic institutions.
   • Strong Singapore presence: With a dedicated office since 2008, focused on discretionary portfolio management, trust, estate, family services, and philanthropy

Commissions and Fees

Account Opening & Maintenance

• Account setup fee: One-off charge of around €990 (approx. CHF 1,000) in Europe.
• Custody / management fee:
  • 40 % p.a. for AUM up to CHF 1 million (subject to a minimum of CHF 2,000/year).
  • 375 % p.a. on CHF 1–2.5 million.
  • Rates decrease on larger portfolios.
• Minimum annual fee roughly CHF 2,000, even for smaller balances.

Transaction Fees

• Outbound wire transfers: ~€20–CHF 20 per transfer.
• Inbound transfers: Typically, free.
• Exchange and clearing fees: Passed through to clients; e.g. EBS for ETFs—~CHF 1.50 + 0.015 % per trade + CHF 0.08 clearing fee.

Advisory & Performance-Based Fees

• Clients pay asset-based fees on AUM (as detailed above).
• Performance-based fees may apply in Asia (Lombard Odier Inc., US) if portfolio exceeds defined benchmarks.
• Fee structures include a mix of AUM %, flat fees, and performance fees depending on jurisdiction.

Lending / Lombard Loans

• Margin credit interest = Euribor or EIBOR base rate plus bank spread, paid daily; commonly used for asset-backed loans.
• Not publicly disclosed for Lombard Odier, but other Swiss providers charge ~EIBOR + 1 %–3 %.

Fees on Cash

• If cash holdings exceed CHF 100,000, clients may bear negative interest (~–0.75 % p.a.) to cover SNB (Swiss National Bank) costs

Minimum Deposits

Personal (Private Banking)

• Minimum opening deposit: $550,000.
• Ideal level: $1 million is comfortable for full service; $5 million+ ensures cost-effective full private banking benefits.

Business / Corporate Accounts

• Follows similar thresholds to private accounts: typically, $1,000,000 and up.
• For non-resident and corporate structures, $5 million+ may be expected to justify compliance overhead.

International / Non-Resident Accounts

• Non-resident individuals: Minimum around $1,000,000 and up, but preferable CHF 5 million+ for full access to wealth management services.
• Swiss private banks (incl. Lombard Odier) typically require USD 1–5 million in assets from non-resident clients

Why Choose Lombard Odier?

1. Truly Bespoke Private Banking
   • They emphasize personal relationships, not one-size-fits-all solutions. You’ll get a dedicated private banker and tailor-made strategies—aligned with your life goals, whether relocating, selling a business, or planning your legacy.
   • This isn’t about product pushing—it’s about advisor-led guidance, not sales pitches.

2. Cutting-Edge, Proprietary Tech
   • Built on their in-house G2/G3 platform, they offer an integrated front-to-back system powering advisory, trading, custody, and reporting.
   • Their MyLO interface and mobile app provide real-time portfolio updates, analytics, and shared screens with your adviser—for seamless transparency.

3. Strong Heritage & Asia Relevance
   • A privately owned Swiss bank with 220+ years of history, maintaining AA- credit rating and no debt—designed to serve multigenerational families.
   • Deep Asian footprint: offices in Singapore, Hong Kong, Tokyo, plus strategic partnerships (e.g., KBank, Mizuho, UnionBank) to blend local access with global investment solutions.

4. Holistic Wealth & Family Services
   • Offers full wealth planning—from tax and succession planning to philanthropy—through their own foundation Philanthropia.
   • Strong focus on family governance, next-gen education, and philanthropy—all woven into their advisory model.

5. Risk-aware & Diversified Investment Approach
   • Employs a risk-based portfolio strategy, not just the traditional 60/40 split. In market dips, downside protection is more substantial—drop of ~20% vs 60% during 2008.
   • Supports private assets, sustainable strategies, multi-asset mandates and more—all backed by in-house experts.

6. Reputable & Recognized
   • Awards and accolades for digital innovation, especially for its BPO and onshore alliance model in Asia.
   • Strong hiring trends in key markets like the UK, signaling well-orchestrated expansion and client focus

Requirements:

PERSONAL ACCOUNT – LOMBARD ODIER

For Non-Residents

Minimum Deposit:

• Usually $1,000,000 or more (varies based on country of origin and complexity of the client profile).

Required Documents:

1. Valid Passport
    – Government-issued, not expired.
2. Proof of Residential Address
    – Utility bill or official document (dated within 3 months).
3. Tax Identification Number (TIN)
    – From your country of residence.
4. Proof of Source of Funds / Wealth
    – Inheritance documents, asset sale, business ownership, investment statements, etc.
5. Professional Biography or CV
    – Required for due diligence and risk assessment.
6. Completed KYC & Due Diligence Forms 
7. Bank Reference Letter (optional but helpful) 
8. Video Call or In-Person Interview
    – Part of onboarding and identity verification process.

Important Notes:

• Enhanced due diligence is applied to clients from high-risk jurisdictions.
• The bank strongly prefers clients with clear, legal sources of wealth and long-term investment objectives.

For Swiss Residents

Minimum Deposit:

• More flexible; typically starts from $1,000,000+, depending on product and service level.

Required Documents:

1. Swiss ID or Valid Passport + Residence Permit 
2. Proof of Swiss Address
    – Utility bill or official correspondence.
3. Swiss Tax Identification Number 
4. Proof of Income or Wealth
    – Employment documents, tax filings, asset statements.
5. Completed Application and KYC Forms 

Advantages for Residents:

• Faster onboarding
• Access to broader local financial and pension solutions
• Closer relationship management

BUSINESS ACCOUNT – LOMBARD ODIER

For Non-Resident Companies

Minimum Deposit:

• Typically $1,000,000 or more
  (Can be higher based on risk level and business sector) 

Required Documents:

1. Certificate of Incorporation 
2. Company Register Extract 
3. Articles of Association / Bylaws 
4. IDs and Proof of Address of Directors & UBOs 
5. UBO (Ultimate Beneficial Owner) Declaration 
6. Business Description and Purpose 
7. Financial Documents
    – Audited financials, contracts, revenue sources, client info.
8. Tax Identification Numbers 
9. KYC & AML Forms 

Important Notes:

• The bank is highly selective with international business clients.
• High-risk sectors like crypto, gambling, and offshore entities may be restricted or rejected.
• Business must have clear compliance, transparency, and financial credibility.

For Swiss-Registered Businesses

Minimum Deposit:

• Starts from $1,000,000 and up, depending on business type and scale.

Required Documents:

1. Swiss Commercial Register Extract 
2. Articles of Association / Company Statutes 
3. IDs of Directors, Shareholders, and UBOs 
4. Swiss Business Address Confirmation 
5. Description of Business Activities 
6. Recent Financial Statements or Business Plan 
7. Swiss Tax Numbers 
8. KYC / Compliance Forms 

Benefits for Swiss Companies:

• Faster and more flexible onboarding
• Access to local and global investment, cash management, and advisory solutions