The Geneva-based private bank is taking on two new partners as Anne-Marie de Weck, the doyenne of Swiss private banking, retires. Her replacement is one of Europe's most respected female bankers.
Annika Falkengren and Denis Pittet (pictured below) are the new partners at Lombard Odier, the family-owned private bank said on Monday. The move follows a turbulent year for the family marked by high-profile exits and questions over strategy.
Falkengren, who is Swedish, is currently President and Chief Executive of Skandinaviska Enskilda Banken, or SEB, and will move to Geneva to take up her new role as managing partner at Lombard Odier in July.
She has been at SEB since 1987 and the Swedish bank has advanced to one of Europe's leading universal banks under her leadership. Falkengren is also head of Sweden's banking lobby.
Pittet was named a managing partner effective immediately. The began at Lombard Odier in 1993 as a lawyer, moving to the private banking division in 2005 where he was responsible for independent asset managers. He later led the so-called wealth planning services department and was named partner – one management level beneath the managing partners – in 2007.
Anne-Marie de Weck retired from Lombard Odier after 20 years with the private bank. She began in the legal department before switching to private banking, where she was one of the few prominent female bankers. She was named a managing partner in 2002.
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