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Business as a force for good – Patrick Odier at the FT Wealth Summit
A record number of senior, experienced and market-leading professionals have joined Lombard Odier since Lombard Odier has made a commitment to sustainability, said Patrick Odier, Lombard Odier Group Senior Managing Partner.
Speaking at a summit surrounding wealth management, Mr Odier said that Lombard Odier's commitment to hire the best talent in the market has been boosted by their plans to focus on sustainable investment, which will benefit the future of the planet.
As a result of the boost in top tier staff, their clients are now better served whilst new and existing employees continue to enjoy a stimulating work environment where creativity and innovation are encouraged.
His comments came at the second annual FT Wealth Management Summit, which took place in London on 31 October, and focused on the complexities of working with global wealth across borders.
The meeting, which featured market leaders from across the sector, focused on how companies can look after clients across a number of countries and what the issues they need to navigate are - amongst them compliance, regulation and cost pressures amongst many others.
"We recruit leading talent from across the industry, at all levels," said Mr Odier. “What works particularly well is having a mix of people from different generations, who can benefit from each other and combine different perspectives.”
Addressing an audience around the concerns that face CEOs, he said technology is now crucial to success and complements the traditional "flesh-and-blood" relationships that are associated with banker-client relationships. Younger clients demand technological dimensions to their relationships and it allows for more transparency, said Mr Odier.
Lombard Odier has built a technology platform, which is judged best in class and has been rolled out to a number of other financial institutions.
"We remain fully committed to the personal relationship and excellence of service approach that our clients have long valued, often over many generations. At the same time, we are always looking to enhance these relationships by harnessing the power of cutting-edge technology and innovations that create value for our clients," he said.
The ideal combination of having the right values as a firm, leveraging client-centric technology and offering value adding expertise will ensure that banks stay relevant to clients.
Mr Odier reiterated a consistent belief within the bank - that our current economic model is no longer sustainable and change, especially through the allocation of capital, is underway.
"By investing in a sustainable way, the financial sector can reposition itself and should leverage the know-how and competencies available. This is especially true for the Swiss financial centre,” he declared.
“As investors, we are convinced that this transition will have a major impact on the business world. It will create a wide range of investment opportunities, as well as significant risks. Our role as investors means we manage these risks for our clients and take advantage of these opportunities.”
This approach is being born out within the market where research suggests that investors are looking to invest sustainably and in line with their values.
For Patrick Odier and Lombard Odier, it is clear that we should take advantage of the opportunities presented by the next economic revolution.
Important information
This document is issued by Bank Lombard Odier & Co Ltd or an entity of the Group (hereinafter “Lombard Odier”). It is not intended for distribution, publication, or use in any jurisdiction where such distribution, publication, or use would be unlawful, nor is it aimed at any person or entity to whom it would be unlawful to address such a document. This document was not prepared by the Financial Research Department of Lombard Odier.
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