Lombard Odier’s chief investment officer (CIO) for Asia Pacific and head of the Hong Kong office, Jean-Louis Nakamura, has left the bank, a spokesperson confirmed to FSA.
Vincent Magnenat, Asia regional head, will replace him as interim chief executive officer for the Hong Kong office.
Meanwhile, the investment activities of the bank’s private clients business in Asia will be formally integrated into the group’s private clients investment solutions platform, helmed by group CIO Stephane Monier.
Finally, Yankai Shao will take over as head of investment solutions for Asia and lead the bank’s regional investment teams, effective 1 November.
“We remain committed to providing outstanding investment services to our clients in Asia and ensuring our Asia-based clients can benefit from the full access to our Group’s value proposition and investment offering,” a spokesperson said in an emailed statement to FSA.
According to a LinkedIn post, Nakamura is returning to Europe, although he did not clarify what role he would be taking up.
Nakamura has been with Lombard Odier for more than 14 years including nine in Hong Kong. He has previously served as deputy global CIO and CIO of the asset allocation group, according to his LinkedIn profile.
Prior to joining Lombard Odier, he had various stints working for the French government as well as for pension funds.
Shao started his career with Lombard Odier in London as a quantitative analyst, according to his LinkedIn profile, and prior to that worked as a researcher at a university.