26 Facts About Lombard Odier

Lombard Odier Group is an independent Swiss banking group based in Geneva.

Lombard Odier name was simplified to Lombard Odier Group in 2010, although the firm continues to include on its official logo the names of the four founding partners.

The Lombard Odier Group is a legal holding company under Swiss law, bearing the name Lombard Odier Company SCmA since 2016.

Lombard Odier family arrived in Geneva in 1573 from Tortorella, fleeing religious persecution under viceroy Antoine Perrenot de Granvelle.

Lombard Odier family is first documented as being in Geneva circa 1714, the same time when Antoine Lombard Odier received his title as Genevan burgess.

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Jean-Eloi Lombard dedicated himself to local business while Charles Odier concerned himself with international business, particularly thanks to contacts that he had maintained from the US.

The firm then embarked on financing railways, and from 1852 to 1872, Charles Lombard Odier acted as one of the administrators of the West Switzerland Company.

Lombard Odier became a founding member of the Chamber of Commerce of Geneva in 1872, created the Genevan Bank of loans and deposits in 1881, and became a member of the board of the Swiss National Bank after it was created in 1907.

Lombard Odier's kept this position until her son Marcel Odier succeeded her in 1948.

Lombard Odier enjoyed a high-ranking career in finance, later becoming the president of the bank Comptoir national d'escompte de Paris, and then the Banque de l'Indochine, before founding the Swiss railways bank .

Lombard Odier died in 1892, bankrupted by the crash of the copper trade in 1889, which caused the bank Comptoir national d'escompte de Paris to struggle with increasingly high repayments on his personal fortune.

In December 2013, Lombard Odier enrolled into the voluntary programme for open negotiations run by the United States Department of Justice, to regularise cases of tax noncompliance by American taxpayers within its client base.

On 31 December 2015, the Lombard Odier bank announced that it had come to an agreement with the DOJ, which consisted of a US$99.

Lombard Odier is just as present in the field of asset management; it has several branches, the leading of which being the management corporation Lombard Odier Asset Management Limited, based in London.

Since 2015, the management company Lombard Odier IM has been active in the area of ETF, following its partnership with ETF Securities.

The first ETFs from Lombard Odier were launched in April 2015, to replicate the results of indexes on the bond market .

In 2018, Lombard Odier IM was one of the first management companies to get through a settlement process managed by a private blockchain for the purchase of securities on the bond market.

Since 2014, the Lombard Odier Group has been offering back and middle office IT services to other banking firms, through a tool dubbed "G2".

In 2022, this branch of the Lombard Odier Group managed CHF 58 billion from third-party clients.

Lombard Odier Group has several branches and representative offices throughout Switzerland.

Lombard Odier Group owns several European subsidiaries which were combined into one branch which opened in Luxembourg in 2011.

Lombard Odier Group has had a London branch since 1973, today leading the asset management operations for the Group.

The partnership ended in October 2008, and Lombard Odier launched its own office specialising in hedge funds, complementing its specialist offices for bondholder investments, asset allocation and socially responsible investing.

Lombard Odier Group has been present in Brussels since 2004, in Madrid and Frankfurt since 2007, and in Milan since 2016.

Lombard Odier Group has been present in Bermuda since 1992 and Nassau since 1979.

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Lombard Odier's son, Alexis Lombard, was a member of the administration committee at the General Hospice of Geneva for 38 years, assuming presidency of the institution eleven times between 1876 and 1900.