Lombard Odier drives strategic global development with key senior management appointments

• Vincent Magnenat, Limited Partner and Chief Executive Officer, Asia, to take on an expanded role as Global Head of Strategic Alliances and Asia Regional Head
• Private banking veteran Francis Liu to join Lombard Odier as Chief Executive Officer, Private Clients Asia and Chief Executive Officer, Singapore.

Lombard Odier announces two key senior management appointments in a milestone move to drive strategic global development and to bolster its commitment and presence in Asia. Vincent Magnenat, Limited Partner and Chief Executive Officer, Asia, will take on an expanded role as Global Head of Strategic Alliances for the bank’s private client franchise, effective 1 September 2022. Based in Singapore, he will remain as Asia Regional Head and continue to manage Lombard Odier’s Ecosystem of Strategic Alliances in Asia. Vincent will report to Frédéric Rochat, Co-Head of the Private Bank and Managing Partner of Lombard Odier.

Private banking and wealth management veteran Francis Liu will join Lombard Odier as Chief Executive Officer, Private Clients Asia. In this capacity, he will also be Chief Executive Officer, Singapore, effective 1 September 2022, subject to regulatory approval. Based in Singapore, Francis will be fully responsible for Lombard Odier’s private client business in Asia, and will report to Vincent.

Both Vincent and Francis will work closely together to ensure a seamless transition and consistency in governance of the bank’s Asian operations.

Vincent joined Lombard Odier in 2012 as Singapore’s Chief Executive Officer and Head of Private Clients, Asia before taking on a regional portfolio as Asia Chief Executive Officer in 2018. He was invited to be a Limited Partner of Lombard Odier Group in February 2018. In the past 10 years, Vincent spearheaded the bank’s Asian transformation and sharpened its client focus, leading the growth and expansion of Lombard Odier’s private banking business and operations in the region.

His efforts are reflected in the sustained growth of the bank’s assets under management in Asia, and the successful introduction and adoption of the Strategic Alliance approach that culminated in the creation of his new strategic role at a global level. The Strategic Alliance approach, which combines the strengths of the bank and its chosen financial institution, is a key pillar of Lombard Odier’s Asian business model for current and future growth.

Francis Liu joins Lombard Odier from UBS Wealth Management in Hong Kong, where he assumed various leadership roles within UBS’ APAC wealth management franchise over the last 12 years. Francis most recently served as Regional Head of UBS’ APAC Ultra High Net Worth (UHNW) business, where he led the regional UHNW offerings, exposing him to key Asian markets including Greater China and South East Asia.

Prior to UBS, Francis worked as a Managing Director at Merrill Lynch Private Wealth Management across Taipei, Singapore and Hong Kong, where he was Head of the Greater China region. His extensive experience and leadership roles in the wealth management industry across Asia will enable him to facilitate Lombard Odier’s continued success in the region.

Frédéric Rochat, Managing Partner of Lombard Odier said: “As Asia Regional Head, Vincent will continue to lead the growth of our business in Asia, taking on the additional responsibility of Global Head of Strategic Alliances. Our Strategic Alliance model has proven to be a crucial growth engine for Lombard Odier and has allowed us to bring our international investment expertise to clients in new markets. We would like to replicate its success in Asia on a global scale under Vincent’s leadership and are pleased to welcome Francis Liu to Lombard Odier as Chief Executive Officer, Private Clients Asia.”