In addition to his new role, Magnenat will remain the firm’s Singapore CEO and head of private banking for Asia. He first assumed these roles in early 2014.
The moves come as Duhamel completes his six-year mandate as the firm’s Asia CEO on 1 July, the firm said.
In his new role as chairman of the Asia board, Duhamel will be replacing Europe-based managing partner Hugo Bänziger, who will continue to be on the board, the firm said.
Vincent Duhamel, Lombard Odier
Europe-based managing partner Hubert Keller will also remain a member of the group’s Asia board, the statement noted.
“We have operated in the region for 30 years and are as committed as ever to further expanding our business and offering there,” Keller said in the statement.
In Asia, Lombard Odier has offices in Singapore, Hong Kong and Tokyo. It specialises in managing private client and institutional wealth, offering solutions for global wealth planning, according to the statement.
The firm has forged a number of strategic partnerships with financial institutions in Thailand, the Philippines, South Korea, China and Japan, to provide clients in those markets onshore access to Lombard Odier’s wealth management platform, the statement added.
