Lombard Odier opens private bank office in Milan
The Lombard Odier Group pursues its policy of targeted expansion in Europe
The new office is active in the field of wealth management for private clients
It will be operating as a branch of Lombard Odier (Europe) S.A, registered in Luxembourg
The Swiss-based Lombard Odier Group announces today that it is opening an office in Milan for private clients. It will provide the opportunity to be closer to clients in Italy and to drive future growth in this important market. Private clients will be offered a range of wealth management services, such as wealth planning, portfolio management, tax and custody reporting. The Milan office will be headed by Massimiliano Sorbi.
Reinforce a first client experience
Frederic Rochat, Lombard Odier Group’s Managing Partner, commented: ”We have been looking after Italian entrepreneurs and their families for a long time. We have always been impressed by the entrepreneurial spirit one can find in Italy and the quality of many of its manufacturing and services industries. The opening of an office in Milan will allow us to get closer to many of our Italian clients.”
Expansion across Europe
This new office complements the existing Lombard Odier private banking network in Europe. After Paris, Brussels, London, Madrid, Amsterdam and Luxembourg, the Lombard Odier Group is pursuing its policy of targeted expansion across Europe. The Milan office will operate as a branch of Lombard Odier (Europe) S.A., registered in Luxembourg.
Demand for independent servicing
Massimiliano Sorbi, Head of Private Bank office in Milan, added: ”In a world of uncertainty, there is a growing demand in the Italian market for personal relationships and bespoke services provided by an independent private bank with strong financial strength. We believe this unique combination gives us a competitive edge.”
With its head office in Luxembourg, Lombard Odier (Europe) S.A. acts as the parent company of all Lombard Odier Group’s banking activities in Europe. Lombard Odier Asset Management (Europe) Limited, the asset-management company of the Group, opened its Milan office in 2011, to support distribution partners and provide institutional clients with tailored asset management solutions.