Lombard Odier builds Asia management team
Lombard Odier has appointed industry veteran Vincent Magnenat to succeed Richard Wee as chief executive of Lombard Odier Singapore.
Magnenat reports to Vincent Duhamel, the Swiss bank’s head of Asia. He oversees the growth of the private banking and the asset management businesses in Singapore and South-east Asia. Lombard Odier has been in Asia for more than 25 years, with offices in Singapore, Hong Kong and Tokyo.
Wee, an existing member of the Lombard Odier Singapore Board, has been appointed vice chairman of the board to oversee regional strategy. “This is a newly-created Board function to strengthen Lombard Odier’s position in Asia by driving regional business development and coordinating initiatives across the region,” the bank said in a statement. Wee will continue to serve private clients.
Magnenat has worked in Asia for almost a decade, and joins Lombard Odier from Société Générale, where he was most recently regional head of Sales and Marketing for Asia, based in Hong Kong and previously, in Singapore.
Magnenat has also held positions in Credit Suisse Private Bank in Switzerland and Singapore, as well as Winterthur Life Insurance in Switzerland.
Lombard Odier provides its institutional and high net worth clients with wide-ranging advice in the areas of wealth- management and specialised services, such as estate planning, family business expertise, philanthropy and solutions for independent asset managers. It also offers a range of innovative investment solutions including thematic funds, convertibles, fundamentally-weighted bonds, risk-weighted asset allocation portfolios as well as single-manager hedge funds.