Eight-year winning streak in the Middle East

Lombard Odier was proud to win two of the most prestigious awards at the Middle East and North Africa (MENA) WealthBriefing Awards 2019.

These were ‘Best Overall International Private Bank’ and ‘Best Islamic Finance¹ Compliant Wealth Management Offering,’ marking an unprecedented eighth year in which we have carried off top honours in regional awards. 

Best Overall International Private Bank

This award is a true vindication of the strength of our business holistically in the region.

The judges considered many aspects of our business and service offering, including our more than half-century commitment to clients in the Middle East; our single, international team covering the market in an integrated way; and our bespoke wealth management approach. Our awards submission focussed on two key recent developments – the launch of our innovative mandate in Islamic finance and our expansion in Abu Dhabi, with a new branch that brings us closer to clients in one of our fastest-growing business regions.

Best Islamic Finance² Compliant Wealth Management Offering

This award recognises the stand-out features of our mandate in Islamic finance – a holistic offering which is fully customisable for our clients. This mandate draws on our long heritage as a responsible investor, and gives clients seeking Islamic solutions access to the full capabilities of Lombard Odier as a global wealth manager. It can be built using any mixture of sukuks, equities and short-term instruments, funds in in line with the principles of Islamic finance and exchange-traded funds, real estate, gold and structured products.

Lombard Odier Group Managing Partner Frédéric Rochat was joined by members of the Dubai and Abu Dhabi teams at the awards event at the Dusit Thani Hotel in Dubai on 13 November.

WealthBriefing is a global daily news and analysis service for the wealth management industry. The awards are decided by a WealthBriefing editorial committee and a judging panel comprising private bankers and advisors/consultants to the sector. 

Lombard Odier’s previous WealthBriefing awards include Best Overall Gulf Cooperation Council (GCC) Private Bank and Best UAE Private Bank (International) in 2018, Best Overall GCC Private Bank in 2017, and Best UAE Private Bank (International) in 2016 and 2015.

Last month, Lombard Odier won ‘Best Islamic Wealth Management Proposition’ at the Islamic Business and Finance Awards 2019. We were also highly commended as ‘Best Private Bank for Islamic Services’ at the PWM/The Banker Global Private Banking Awards 2019 (Financial Times publications).

¹This award is officially termed as “Best Shariah Compliant Wealth Management Offering”
²This award is officially termed as “Best Shariah Compliant Wealth Management Offering”