- Lombard Odier Group (“LO”) is a leading global wealth and asset manager focused on providing solutions to private and institutional clients, as well as to other financial institutions.
- LO has undergone a strategic review and decided to exit its Gibraltar based private banking business. LO signed an agreement to sell the Gibraltar business through an asset deal to Bank J. Safra Sarasin (Gibraltar) Ltd.. Bank J. Safra Sarasin (Gibraltar) Ltd. is a subsidiary of Bank J. Safra Sarasin (“JSS”) which is a Swiss private bank headquartered in Basel. JSS is owned by the Brazilian Safra Group, and was formed in its present state in 2013, when Safra Group acquired Bank Sarasin & Co. Ltd and merged it with its Bank Jacob Safra Switzerland subsidiary.
- CFM advised LO exclusively on the sale of its Gibraltar based private banking business.