The two institutions extend their strategic partnership to help develop climate-aligned investments for the Thai market.
Geneva-based private bank Lombard Odier and Thailand’s Kasikornbank will deepen their strategic alliance to include sustainable investments, a joint media release issued on Tuesday indicated.
Under the envisioned framework, Lombard Odier will act as a consulting partner to the Thai bank, helping them to formulate strategy and develop sustainable investment products and services for their domestic clients.
Net Zero Fund
A first step in that direction was made in December 2023 when Kasikorn’s asset management business launched a target net zero equity strategy on the country’s broad-based SET 100 Index using Lombard Odier’s help to build a climate-aligned portfolio.
«With sustainability being a major driver of investment returns, we are adapting client portfolios to the environmental transition. We started this journey with KBank with the launch of the planetary transition strategy in 2020,» indicated Vincent Magnenat, a limited partner at Lombard Odier and the Asia regional head as well as the global head of strategic alliances.
