- Bank Lombard Odier & Co Ltd (“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.
- In October 2018, LO announced a strategic wealth management partnership with Bank Vontobel AG (“Vontobel”) for international US-based private clients. As part of this partnership, LO will sell its existing discretionary and advisory wealth management business with US-based private clients to Vontobel through an asset transfer. In addition, Vontobel will take over any US-based brokerage private clients who wish to switch from their previous brokerage mandate to a wealth management or advisory relationship as part of the transaction. LO and Vontobel further entered into a cooperation agreement under which LO will recommend Vontobel as the preferred partner to potential future private clients based in the US seeking a highly qualified, SEC-registered Swiss wealth management solution.
- CFM acted as exclusive financial advisor to LO in this transaction.