Lombard Odier profits rise amid 'diminished' political risks

'Net new money flows were positive'

Mike Sheen
clock • 1 min read

Lombard Odier Group saw increased inflows and improved market performance in the first half of 2017, with the Swiss banking group benefiting from a "risk-on investment environment".

The group's results show its AUM grew by 4% from CHF233bn ($242.83bn) at the end of December 2016 to CHF242bn ($252.21bn) by the end of June 2017, including the asset management arm, which manages CHF46bn ($47.94bn) of client assets. Overall profits grew by 13%, compared to H1 2016, to CHF69m ($71.91m), while operating income at CHF536m ($558.62m) was 5% higher than the previous year. Lombard Odier IM's global CIO to retire after five years at firm Lombard Odier said in a statement: "Net new money flows were positive and market performance lifted assets, as global protectionist thr...

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