Lombard Odier ADGM branch opening/Supplied

Halal Business

Lombard Odier opens new branch at the ADGM

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Bank Lombard Odier is the first Swiss private bank to receive a licence to operate at the Abu Dhabi Global Market (ADGM).

Monday 15, April 2019 BY KUDAKWASHE MUZORIWA

Bank Lombard Odier has opened a new branch at the ADGM, marking the bank’s second location in the UAE.

Patrick Odier, the Senior Managing Partner of the Lombard Odier Group, said, “We have been serving clients in the Middle East for half a century, and our new branch in Abu Dhabi is the natural progression of our commitment to them and testimony to our belief in the region.”

Within twelve-years in the UAE, the bank has doubled in size.

“Lombard Odier and its team can leverage on ADGM’s platform and network to achieve their business strategies and widen their foothold regionally and globally,” added Mohamed Al Qubaisi, Vice Chairman of ADGM.

The bank launched its Shari’ah-compliant offering last year to better cater to its local clients.

TAGS : Lombard Odier, ADGM, Shari’ah-compliant

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