Banking and Financial Services

UnionBank unveils Lombard Odier partnership for family, wealth planning services

In an effort to provide its onshore private clients with holistic investment and family wealth management solutions, the Bank entered into a strategic partnership with Lombard Odier, a 220-year-old, Swiss-owned global wealth and asset manager for private and institutional clients.

Lombard Odier has been solely dedicated to serving clients and forged a strong tradition of innovation in the way it shares advice, manages investment strategies and develops new technologies.

“This partnership is a testament to our total commitment to our clients. The topnotch global investment and family services expertise available through this alliance with Lombard Odier enables us to better grow and safeguard our clients’ wealth through the long term, and ensures that they can pass this on safely to succeeding generations.”

-Eugene Acevedo, Senior Execuive Vice President for Retail and Corporate Banking, UnionBank  

Supported by Lombard Odier’s expertise in family services, the Bank’s ultra-high-net-worth clients will gain access to a full suite of family services, including succession and estate planning, further strengthening intergenerational equity.

Among the first offerings of the partnership are two multiasset fund-of-funds adopting a risk-based investment strategy for both institutional and private clients. These funds will give the Bank’s high-net-worth clients access to effectively diversified global investments for their core liquid investment assets.

“By co-developing and co-managing these funds, UnionBank’s clients will be able to invest globally onshore through one of the most solid private banks known for its investment expertise.”

-Vincent Magnenat, Head of Private Banking Asia, Lombard Odier.  

With USD230 billion in total client assets, as of year-end 2016, Lombard Odier provides 360-degree wealth management services, with a focus on discretionary portfolio management. Its offering includes succession planning, discretionary and advisory portfolio management, fiscal statements and custody services.

One of the world’s best capitalized banks, with a highly liquid balance sheet, Lombard Odier has grown stronger through more than 40 financial crises and stayed true to its primary vocation of preserving and growing its clients’ wealth.