Switzerland’s Lombard Odier established an onshore alliance with Thailand’s Kasikornbank which has reached its 10th anniversary.
Lombard Odier and Kbank Private Banking – the private wealth arm of Kasikorn, one of Thailand’s largest lenders – celebrate the 10th year of their strategic alliance, according to a statement.
Notable achievements in the past decade include the integration of global investment strategies and sustainable investment opportunities within the Thai market; the development of multi-asset strategies; the inaugural launch of a private equity strategy; the introduction of family wealth planning services; and the signing of a sustainability alliance agreement between Lombard Odier and Kasikorn Asset Management.
«Celebrating ten years with Lombard Odier underscores the strength and success of our strategic alliance partnership that has not only elevated the standard of wealth management in Thailand, but also delivered distinctive, impactful solutions that resonate deeply with our clients and their families,» commented Adisorn Sermchaiwong, executive chairman, private banking group, Kasikornbank.
Onshore Strategic Alliances
According to Lombard Odier, strategic alliances with onshore partners are one of its three key pillars in Asia, alongside its hubs in Singapore, Hong Kong and Tokyo, as well as institutional clients through its asset management business. In addition to Kasikorn, it has existing alliances with Mizuho Financial Group in Japan, Taipei Fubon Bank in Taiwan, UnionBank Private Banking in the Philippines and JBWere in Australia.
«At Lombard Odier, we believe the future of private banking is both onshore and offshore. Strategic alliances with regional banks remain a core pillar of our Asia strategy,» said Vincent Magnenat, limited partner, Asia regional head and global head of strategic alliances, Lombard Odier.
