Lombard Odier’s strategic alliance partners clinches accolades at Global Awards

With the majority of Asia wealth also increasingly managed onshore, Lombard Odier has pioneered a unique growth model over the past six years: forging strategic alliances with well-reputed financial institutions in the respective local markets, to expand its Asia footprint organically onshore.

Since 2015, Lombard Odier has built an ecosystem of strategic alliances with financial institutions in Asia, working together with them, and supporting their ambitions of remaining or becoming the best private banks in their respective markets. This win-win alliance allows us to bring significant value to these strategic alliances by extending our personalised wealth management and family office services to local onshore clients through these financial institutions, and for us to develop our regional network and tap on local expertise and insights. 

As such, we are delighted to witness our strategic alliances’ visions come into fruition. Specifically, we would like to congratulate three of our strategic alliances, namely Kasikornbank Private Banking in Thailand, Taipei Fubon Bank in Taiwan, and UnionBank Private Banking in the Philippines, for having clinched four accolades at The Digital Banker’s Global Private Banking Innovation Awards 2021.

Best Private Bank in Thailand, Taiwan and Philippines

This third annual Global Private Banking Innovation Awards seeks to identify and distinguish the world’s best-in-class Private Banks and Wealth Managers, and these recognitions underline the strategic alliances’ excellence in serving its UHNWI and HNWI clients in their respective geographies, championing innovation across industry.

The Digital Banker “Best Private Bank” awards were judged based on factors including stability in financial performance, AUM, market share and client composition, information on key products and offerings, customer experience and the use of technology and digital innovation.

Kasikornbank Private Banking: Best Private Bank – Thailand (Winner)

With the aim of providing an all-inclusive service of international standards, Kasikornbank Private Banking entered into a strategic alliance with Lombard Odier in 2015 to offer a blend of local best practices and global expertise. By capitalising on a sustainable investment approach, Kasikornbank Private Banking has seen success in upholding its customer portfolio amidst COVID-19, generating sustainable returns with its focus on its 3S strategies:

1. The New S-Curve – to build customers’ wealth through new and alternative investments in the new economy;
2. Sustainability – to offer investment advisory service that has sustainable goals, seeking and initiating investments that creates a positive impact on the environment and society; and
3. Sharing – to make society a better place through working in partnership with the society and individuals

This has translated into positive business results and performance of product, including investment advisory through Mutual Funds, and niche services and offerings such as Family Wealth Planning, which led to the award of the “Best Private Bank – Thailand (Winner)” at The Digital Banker Awards.

Taipei Fubon Bank: Best Private Bank – Taiwan (Highly Acclaimed)

Taipei Fubon Bank is the first domestic bank in Taiwan to collaborate with an international private bank, having entered into a strategic alliance with Lombard Odier in 2018, to provide global private banking services to its customers. With its client-centric focus, investment in technology and expertise of its well-trained bankers, Taipei Fubon Bank has rapidly developed itself into an outstanding provider of private banking services exclusive to clients in Taiwan. 

Taipei Fubon Bank, a wholly-owned subsidiary under Fubon Financial Holding, has steadily progressed and grown with its unique product offerings and comprehensive financial services – including both insurance and investment offerings. Its niche client composition supported by the bank’s stability, reliability and commitment to being customer-oriented has positively influenced customer experience.

The combination of the bank’s family office services and capabilities, alongside stable financial performance, have led to the receipt of the “Best Private Bank – Taiwan (Highly Acclaimed)” award.

UnionBank Private Banking: Best Private Bank – Philippines (Winner) and Best Private Bank for Succession Planning

UnionBank Private Banking provides clients with holistic wealth management solutions and globally diversified investment portfolios, and entered into a Strategic Alliance with Lombard Odier since 2016. The bank continues to record significant AUM growth for the past three years, supported by its risk-based and technology-driven approach in preserving and managing wealth, as a pillar of the bank’s strategy.

Notably, the bank has seen a growth in sustainability initatives such as establishing its own Sustainable Finance Framework and bank-wide “Tech Up Pilipinas” advocacy through industry-leading digital solutions aimed towards inclusive prosperity, but also through various sustainability initiatives that benefit the community and the environment. 

As a multi-generation Aboitiz-led Bank, UnionBank has established credibility in succession planning, wealth and business transition throughout the years. The bank provides expert advisory on Family Services, and is committed to helping clients achieve a seamless transition of wealth and business to the next generations. UnionBank Private Banking was hence awarded “Best Private Bank – Philippines (Winner)” and “Best Private Bank for Succession Planning”.

We are proud and honoured to work with Kasikornbank Private Banking, Taipei Fubon Bank, UnionBank Private Banking, and our other strategic alliances, and look forward to supporting them to the best of our abilities, for generations to come.