Lombard Odier is expanding its existing footprint in Latin America with the opening of an office in São Paulo, Brazil.
The São Paulo company has secured approval from the local Securities Commission (CVM), to operate as a securities advisory entity. The local company is also seeking formal approval from the Central Bank of Brazil to operate as a representative office of the Swiss Bank.
Brazil is “a key business location and centre of wealth, with an increasing demand for bespoke wealth management services”, the bank said.
Clients in Brazil will have access to Lombard Odier’s international investment expertise and solutions as well as receiving independent advice.
The office will be overseen by Matteo Dignola, market head of LatAm at Lombard Odier.
Dignola added: “We believe the combination of our Swiss private banking heritage and the services of an independent boutique private bank, with leading international investment expertise, will be a powerful offering for Brazilian clients.”
