Swiss private bank Lombard Odier reported positive results in 2019, with strong net inflows and growth in earnings.

The firm’s client assets as of 31 December 2019 totalled CHF299bn, an increase of 16% from the prior year.

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Excluding one-time items, consolidated net profit increased 6% year-on-year to CHF175m. With the inclusion of one-time items, the figure stood at CHF203m.

Operating income of CHF1.2bn in 2019 was 3% higher than the previous year.

At the end of December 2019, the group’s CET1 ratio and liquidity coverage ratio were 29.8% and 204%, respectively.

The balance sheet of Lombard Odier was said to be “strong, highly liquid and conservatively invested”.

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Commenting on the performance, Lombard Odier senior managing partner Patrick Odier said: “Our solid results in 2019 reflect both the impact of strong net new money flows across our businesses, the effects of positive markets as well as clients benefitting from strategic asset allocation.

Odier called the current year “interesting” from the financial perspective.

He added: “Sustainability is the core element of our investment convictions and we continue to incorporate it into our investment processes and strategies.”

“2020 will undoubtedly be an interesting year for financial markets. We remain conscious of the need to manage potential risks, and will remain prudent and agile in our management of clients’ assets.”