The Swiss private bank is ramping up its business with wealthy clients by hiring a long-standing senior banker from Julius Baer.
Lombard Odier is hiring Stephen Kamp as operating chief for its private banking business, the Geneva-based wealth manager said in a statement on Monday. Kamp, who begins on August 16, was most recently in charge of a major chunk of Julius Baer's European business.
His move is the latest in a series of changes at Lombard Odier's 222-year-old partnership: ex-Deutsche Banker Hugo Baenziger departed abruptly seven months ago and veteran Genevan wealth manager Alexandre Zeller joined as a partner in February. Last year, it elevated its top banker in Asia, Vincent Magnenat, illustrating its desire to grow in the region.
Eyeing Growth
Kamp is a veteran private banker: he managed HSBC's merger with Guyerzeller, and was appointed operating chief of the private bank in 2011. He defected to Julius Baer one year later, where he worked his way up to head of southern Europe and Israel.
«His solid knowledge of the banking world, his network and his ability to carry out strategic projects are assets, which will support Lombard Odier's growth in its priority markets and strengthen the development of cutting-edge technological solutions for its clients,» the wealth manager said. Kamp will report to Frédéric Rochat, who runs private banking, together with Denis Pittet, who also oversees third-party asset managers and philanthropy.
