Vincent Magnenat, Lombard Odier
He assumed his new role this month and will continue focusing on driving business expansion, partnerships and client development in Asia, the bank said in a statement.
Magnenat first joined the bank in 2014 as CEO of the Singapore office and Asia head of private banking, according to the statement. He assumed his Asia CEO role early last year, replacing Vincent Duhamel, who was named as the bank’s new chairman of the board in Asia.
Before joining Lombard Odier, Magnenat spent close to nine years at Societe Generale as Asia regional head of sales and marketing for private banking, according to the statement. He began his career in private banking at Credit Suisse in Switzerland and relocated to Singapore in 2002.
Since Magnenat joined LO, he has helped develop the domestic and international client base and expand the wealth management business through partnerships in Thailand, the Philippines and elsewhere in Asia, according to the statement.
Besides Magnenat, LO made several appointments last year. In October, it poached Lee Wong from Union Bancaire Privée to head the family wealth services in Singapore. In July, Emmanuel Roulin was appointed to fill the newly-created role of Asia-Pacific head of the private banking partnership business.
The bank also partnered with Manila-based UnionBank last year and co-developed onshore funds for private banking clients in the Philippines.
Besides Singapore, its Asia offices are in Hong Kong and Tokyo.
The bank has been in the region for 30 years, according to an earlier statement. As of the end of June, the private bank had global client assets of CHF 242bn ($259.07bn).
