Mr Corrigan was latterly European and global head of credit at Goldman Sachs, responsible for $40 billion in credit assets. In his new role he heads up Lombard Odier's team of credit analysts and credit portfolio managers.

“We are prepared to invest to ensure we have the resources to exploit fixed income opportunities as they arise. Our fixed income resource has steadily increased, now numbering 23 investment professionals, and we continue to add talented individuals to the team,” said Stéphane Monier, global head of fixed income at Lombard Odier.

Earlier this month, the Swiss bank also expanded its London-based team of private bankers focusing on the Middle Eastern market, hiring Ziad Al Toura and Matthew Garnham from Credit Suisse.