Lombard Odier Group saw increased inflows and improved market performance in the first half of 2017, with the Swiss banking group benefiting from a "risk-on investment environment".
The group's results show its AUM grew by 4% from CHF233bn ($242.83bn) at the end of December 2016 to CHF242bn ($252.21bn) by the end of June 2017, including the asset management arm, which manages CHF46bn ($47.94bn) of client assets. Overall profits grew by 13%, compared to H1 2016, to CHF69m ($71.91m), while operating income at CHF536m ($558.62m) was 5% higher than the previous year. Lombard Odier IM's global CIO to retire after five years at firm Lombard Odier said in a statement: "Net new money flows were positive and market performance lifted assets, as global protectionist thr...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
