Lombard Odier is thrilled to have been presented with two high-profile accolades at the WealthBriefing MENA Awards 2024 for the third consecutive year: best ‘Overall International Private Bank’ headquartered outside the Middle East and North Africa (MENA) region, and best ‘Shariah-Compliant Wealth Management Offering’.
Overall International Private Bank (HQ outside the MENA region)
This award recognises Lombard Odier as the leading international private bank with headquarters outside the MENA region. The Bank’s success is driven by its Swiss heritage, global expertise and strong commitment to personalised wealth management.
In 2019, Lombard Odier became the first Swiss private bank to be granted a licence to operate in the Abu Dhabi Global Market. We proactively engage with the local market, offering bespoke solutions with seamless access to international markets. The Bank’s highly experienced and knowledgeable relationship managers provide invaluable support. Our strong presence in key MENA financial hubs, exceptional client service, and innovative approach further reinforce our market-leading position.
From building Shariah-compliant portfolios to helping expats transition to the region, we are solely dedicated to our clients, building relationships based on expertise, trust, and care
As of September 2023, the Bank has also obtained a license from the Dubai International Financial Centre (DIFC). Our previous office in Dubai has recently been replaced by a new subsidiary situated at the heart of the DIFC.
The judges commented: “Lombard Odier’s innovative market research and products have been added to its comprehensive range of sustainability investment solutions in order to meet the growing demand from MENA clients.”
Ali Janoudi, Partner and Head of the New Markets region, said: “2024 has been a pivotal year for Lombard Odier in the Middle East, marked by our new office in the DIFC and a reinforced commitment to the region through the recruitment in Switzerland of senior bankers dedicated to clients living in the MENA region. From building Shariah-compliant portfolios to helping expats transition to the region, we are solely dedicated to our clients, building relationships based on expertise, trust, and care.”
Shariah-Compliant Wealth Management Offering
For over 20 years, Lombard Odier has applied a socially responsible investment model (SRI) guided by principles similar to those of Islamic finance. With 65 years of experience in the Middle East market, we have been offering investments in line with Islamic principles since 2012.
Since 2021, we have been working to expand our Shariah offering in response to growing demand from a diverse range of investors. There has been a growing demand not only from Muslims, but also from institutional investors, family offices and private clients who wish to invest in line with a moral and ethical code, regardless of faith.
With over a decade of Islamic finance expertise and 220 years of sustainable wealth management, we offer fully customisable solutions that align with our clients’ values and long-term goals
Lombard Odier has demonstrated a strong commitment to Shariah-compliant investment solutions, certified by the Shariah Supervisory Board of Amanie Advisors. Our Shariah Islamic Equity mandate has delivered an impressive annualised net performance, outperforming the benchmark.
In 2022, the Bank introduced the Lombard Odier Assayil Global Strategy Certificate, an additional avenue for accessing our Shariah Balanced Mandate, which has seen significant growth since its inception.
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shariah-compliant investment offering.
learn more Ali Janoudi said: “Our Shariah-compliant offering reflects our commitment to responsible finance. With over a decade of Islamic finance expertise and 220 years of sustainable wealth management, we offer fully customisable solutions that align with our clients’ values and long-term goals.”
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