Lombard Odier has named Dr Hugo Bänziger as their ninth managing partner effective from the 1st April 2014.
Currently, Bänziger is chairman of the board at derivatives exchange Eurex. Previously, he worked for sixteen years at Deutsche Bank in roles such as chief risk officer and chief credit officer.
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Lombard Odier’s current managers represent up to the seventh generation of bankers owning and managing the business.
Patrick Odier, Lombard Odier’s senior managing partner, said: "As we continue to grow our private client, institutional and banking infrastructure businesses, Hugo’s breadth of experience, especially in finance and risk management, will be a significant advantage in our international expansion. This appointment underlines the attractiveness of our business to world-class talent."
As of September 2013, Lombard Odier’s client assets stood at $225 billion, $192 billion of which were assets under management.
