Lombard Odier enters Thai wealth market
The Swiss private bank signs a partnership deal with Kasikornbank to gain access to its high-net-worth clients and to receive referrals. Its Asia-Pacific chief spells out the rationale.
Swiss private bank Lombard Odier is entering the Thai wealth management market through a partnership with Kasikornbank, one of Thailand’s largest financial institutions.
The partnership deal signed by Lombard Odier yesterday covers provision of asset management and custodian services to Kasikornbank’s private clients, as well as receiving client referrals from the Thai bank.
Vincent Magnenat, head of private banking for Asia Pacific at Lombard Odier, told AsianInvestor the firm …
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