Lombard Odier Posts Record SFr239 Billion AuM In H1 2026

Tom Burroughes

21 August 2026

Lombard Odier's assets under management rose 7 per cent from end-2025 to a record SFr239 billion ($298.7 billion) in the first half of 2026. Total client assets reached SFr367 billion, up 5 per cent over the same period.

Net profit rose by 25 per cent year-on-year to SFr138 million, as operating income rose 9 per cent to SFr740 million. Operating costs were flat, said in a statement.

The bank said asset growth was driven by net new money and performance of its investment strategies. Its balance sheet totalled SFr17 billion at end-June, with a CET1 ratio of 31 per cent, more than double regulatory requirements, and a Fitch rating of AA-.

In general, Swiss private banks that have reported so far have logged strong results. Julius Baer, the country's largest listed private bank, reported record net profit of SFr673 million for the H1 period, rising 32 per cent year on year. Pictet is likely to report its results in late August, based on last year’s reporting date.

Mirabaud, another Geneva-headquartered private bank, issued results in late July, unveiling a stable net profit of SFr12.3 million. Assets under management increased by 8 per cent to SFr32.4 billion. Its CET1 ratio remained above 20 per cent. Pictet’s ratio for last year, when last updated, was 20.9 per cent.