Posted inBusiness moves

Mizuho forms pact with Lombard Odier to target Japan’s wealthy

The strategic alliance builds on the partnership struck between the two institutions' Singaporean subsidiaries in 2018.
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Mizuho Financial Group and Lombard Odier have teamed up to enhance their private banking offering and services to Japan’s high-net-worth individuals (HNWIs).

Through their strategic alliance, Mizuho will be able to provide more advanced and fully-fledged wealth management services to Japanese HNWIs by offering products and services that leverage the expertise and global network of Lombard Odier, in addition to those products it already offers, according to a press release.

In addition to providing new products, Mizuho and Lombard Odier will further enhance their client offering through personnel exchanges and the participation of Mizuho employees in Lombard Odier’s training.

The new strategic alliance builds on an existing relationship between the Singapore subsidiaries Mizuho Securities (Singapore) and Lombard Odier (Singapore), which was agreed in 2018.

Part of the Mark Allen Group.