Lombard Odier's CEO For Private Clients In Asia Departs

Editorial Staff

27 March 2024

There is change at the top of in Asia, this publication can confirm.

Francis Liu, who was appointed chief executive for the private clients business in Asia in July 2022, based in Singapore, is leaving the Swiss private banking group, Lombard Odier told this publication when asked about the matter yesterday. Liu had also been CEO for Singapore at the bank.

Liu joined from UBS Wealth Management in Hong Kong, where he assumed various leadership roles within UBS’ Asia-Pacific wealth management franchise for a period of 12 years. Prior to UBS, Liu worked as a managing director at Merrill Lynch Private Wealth Management covering Taipei, Singapore and Hong Kong, where he was head of the Greater China region.

When Liu joined Lombard Odier, Vincent Magnenat, limited partner and chief executive for the Asia business, took on an expanded role as global head of strategic alliances for the bank’s private client franchise – a move which took effect on 1 September 2022.

As a result of Liu’s departure, Magnenat will oversee Lombard Odier’s private banking business in Asia in the interim.

“We remain committed to providing outstanding holistic wealth and asset management solutions to our clients in Asia across investment and family services, and ensuring our Asia-based clients can benefit from the full access to our group's value proposition,” a spokesperson said.