Swiss private bank Lombard Odier has opened a new office for private banking clients in Milan to drive future growth in Italian market.
The new office will operate as a branch of Lombard Odier (Europe), which is registered in Luxembourg. It will be headed by Massimiliano Sorbi.
The Milan office will offer private clients a range of wealth management services, such as wealth planning, portfolio management, tax and custody reporting, the Swiss private bank said.
Commenting on the move, Lombard Odier managing partner Frederic Rochat said: “We have been looking after Italian entrepreneurs and their families for a long time. We have always been impressed by the entrepreneurial spirit one can find in Italy and the quality of many of its manufacturing and services industries. The opening of an office in Milan will allow us to get closer to many of our Italian clients.”
The new office complements Lombard Odier’s existing offices in Paris, Brussels, London, Madrid, Amsterdam and Luxembourg.