Swiss private bank Lombard Odier seeks Mideast growth
Swiss private bank Lombard Odier aims to more than double its business stemming from the Middle East and is considering local partnerships to that end, a senior executive said. Lombard Odier has had ties to the oil-rich region since the 1970s but only opened a representative office in Dubai in 2007. Until recently, it was less aggressive than some of its competitors such as Credit Suisse and Julius Baer in targeting the region’s wealthy individuals.
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