Lombard Odier Group
First half 2017 consolidated net profit: CHF 69 million (+13% year-on-year)
Assets under management: CHF 164 billion
Lombard Odier's client assets rose by 4% to CHF 242 billion to the end of June 2017, up from CHF 233 billion at the end of December 2016.
Client assets grew across all three major business lines – private clients, asset management and technology for banking. Net new money flows were positive, largely down to a strong market performance and a risk-on investment environment, the group said in a statement.
However, the total invested by asset management clients has fallen by CHF 2 billion from CHF 48 billion at the end of June 2016 to CHF 46 billion one year on.
In terms of its asset management business, the group has launched a number of impact investment products since the beginning of the year and has acquired a UK-focused alternative investment management team.
Operating income for the first half of the year was up by 5% to CHF 536 million compared with the previous year, as a result of asset growth and increased client activity.
Commenting on the growth, Patrick Odier, senior managing partner at the Lombard Odier Group said: ‘The group’s financial performance reflects the constant improvement in our offering and client servicing, our investments in technology and digital solutions, and our strategy to serve an international and demanding client base, across a diversified set of activities in private clients, asset management and technology for banking.’