Private banking recognition caps off momentous year for Lombard Odier
Lombard Odier has been named “Best United Arab Emirates Private Bank” (International) at the WealthBriefing GCC Region Awards – the fifth consecutive year that the bank has been recognised for its private banking services in the region. The recognition caps off a momentous year for the bank, having recently celebrated its 10-year anniversary in Dubai.
In winning the award, Lombard Odier faced competition from a number of other top tier private banks like Barclays, ABN AMRO, and Liechtensteinische Landesbank. Judges highlighted the banks’ continued evolution, and its ability to adapt to the local market needs and requirements as strong proof points. In 2016, Lombard Odier added an Islamic investments offering to its list of growing capabilities.
“Clients’ needs today are increasingly complex, particularly in light of recent economic volatility, and private banks need to react accordingly in order to stay competitive. So we are very proud of this award, which recognises both our continued development, as well as our ability to deliver highly tailored banking and wealth management services,” said Christophe Lalandre, Managing Director of Lombard Odier in Dubai.
The bank, which has now served clients in the region for over 50 years, has doubled its size in the UAE over the last five years, hiring specialized senior bankers to meet the needs of its unique customer base. And as part of the company’s steady growth, the team also celebrated an office move to the Conrad business tower in 2016.
The awards were announced at a ceremony held at the Taj hotel in Dubai on Tuesday, November 1. Other industry awards Lombard Odier has received in recent years include the “Best United Arab Emirates Private Bank” (International) at the 2015 WealthBriefing GCC Region Awards, “Best United Arab Emirates Private Bank (Pure Play)” at the 2014 WealthBriefing Awards GCC, “Best Private Bank” at the 2013 Middle East Industry Awards, and “Best Foreign Bank” at the 2012 Banker Middle East Industry Awards.