Geneva-headquartered wealth and asset manager Lombard Odier, has deepened its Asia strategy by forming a partnership with Malaysia’s Hong Leong Bank ( HLB ) that, the bank says, “aims to deliver sophisticated, sustainability-led private banking solutions across Malaysia, Singapore and the broader region”.

Lombard Odier, which was founded in 1796 and currently manages 327 billion Swiss francs ( US$398 billion ) in client assets, is structured as an independent partnership and has a common equity tier 1 ratio of 32% and a Fitch rating of AA-.

HLB, meanwhile, brings over 120 years of regional banking experience, and through this partnership, clients will now gain access to the combined intellectual capital of HLB’s private bank and Lombard Odier’s chief investment office, offering bespoke portfolio management, succession planning and advisory services grounded in responsible investment principles.

With operations firmly established throughout Malaysia, HLB’s business is complemented by a presence in Singapore, Hong Kong, Vietnam and Cambodia.

The agreement is the latest in a series of strategic partnerships Lombard Odier has forged to expand its network and client base in Asia-Pacific, a key growth engine for the wealth manager.

These alliances in the region include JBWere in Australia, Kasikornbank Private Banking in Thailand, Indonesia’s Mandiri Private, Mizuho Securities ( Singapore ), Taipei Fubon Bank and UnionBank Private Banking in the Philippines.

“In HLB, we see a strong alignment on all fronts,” notes Vincent Magnenat, Lombard Odier’s Asia group regional head and global head of strategic alliances, “and our strategic alliance is a powerful testament to our shared values.” 

Jeffrey Yap, HLB’s managing director and head of regional wealth management, adds: “This collaboration marks a pivotal moment in our pursuit of excellence in private banking, particularly in sophisticated and significant markets, such as Malaysia and Singapore.”