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Rethinking amidst uncertainty – our commitment to our clients
We are living in troubling times. An emergency of an unexpected kind is affecting our health, our lives, our economies, the financial markets and testing our political capabilities.
In these times of crisis, we reaffirm our commitment to our clients.
It is not the first time that we at Lombard Odier, have endured economic downturn or negative externalities.
Our history stretches back over 220 years. And over the last two centuries, we have survived more than 40 crises and continued to thrive, guided by our “rethink everything” philosophy.
Since the beginning of this unprecedented situation, the wellbeing of our clients and colleagues remains our upmost priority.
Proactive measures have been put in place for our teams to limit the spread of the virus whilst ensuring seamless continuity of our banking operations.
Thanks to our state of the art technological infrastructure, remote working is fully operational, systems remain highly secure and all digital communication channels remain open.
Our investment teams are prepared and have been mobilised to focus on, and permanently monitor client portfolios and take appropriate action to manage and protect our clients’ assets. Situations such as these can lead to many questions.
The markets are under extreme stress and are dependent on the responses of central banks, governments and public health authorities. In the event of any updates, changes or queries, we remain open and shall communicate in full transparency.
As an independently owned firm, our interests are fully aligned with our clients.
Our Group is organised as a partnership whereby the Managing Partners own and manage the business. This gives our clients and colleagues solidity and stability even in the most precarious times.
The current situation and the slowdown in economic growth has led ratings agencies to undertake spot reviews of Swiss Banks. On 31 March 2020, Fitch reaffirmed Lombard Odier’s credit rating at AA- with a stable outlook. This is the highest rating for a banking group of our size.
We stand as one of the best-capitalised banks in Europe, with a capital ratio of 29.8%
Our mission today, and in the future, is to relentlessly protect our clients and those we work with.
We continue alongside our clients and colleagues - every step of the way.
Important information
This document is issued by Bank Lombard Odier & Co Ltd or an entity of the Group (hereinafter “Lombard Odier”). It is not intended for distribution, publication, or use in any jurisdiction where such distribution, publication, or use would be unlawful, nor is it aimed at any person or entity to whom it would be unlawful to address such a document. This document was not prepared by the Financial Research Department of Lombard Odier.
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