Geneva-based Lombard Odier and Mizuho have extended an existing tie-up to cover sustainability. 

Lombard Odier’s Japan unit has signed a memorandum of understanding (MOU) with Mizuho covering sustainability, according to a statement. The MOU will allow Mizuho to gain access to Lombard Odier’s range of sustainability strategies with tailored solutions for clients. The Swiss bank will also act as a strategic advisor and consulting partner to Mizuho.

In return, Lombard Odier will tap into Mizuho’s network and knowledge to gather insights on sustainability within Japan, jointly develop sustainability-related investment strategies and expand its presence in the market.

Existing Alliance

The MOU is an extension of an existing alliance signed by the two firms in February 2023. Through the alliance, Mizuho has leveraged Lombard Odier’s global network, resources and expertise to develop and provide more sophisticated products and services for its clients. It has also enhanced its talent development approach and acquired private banking insights.

«Our role as a wealth and asset manager is to assist clients in navigating the risks associated with the transition to sustainability as the economy transforms from one that is Wasteful, Idle, Lopsided and Dirty (WILD) to an economy that is Circular, Lean, Inclusive and Clean (CLIC),» commented Lombard Odier’s Asia regional head Vincent Magnenat.