GENEVA /PRNewswire/
--
Client assets evolution
The de-pegging of
the Swiss franc in January
2015 and the subsequent changes in the relative values
of the euro and US dollar led to a decrease in total client assets,
which was partially offset by the positive contributions of market
performance and net inflows from each of our three business lines
during the first six months of the year.
As a result total
client assets stood at CHF
209 billion at the end of June
2015. Client assets in the private clientsbusiness
amounted to CHF
112 billion, while asset
management clients invested CHF
47 billion with Lombard Odier Investment Managers
and technology & banking services clients
entrusted the Group with an additional CHF
50 billion.
Rise in net
profit
Despite the
impact of foreign exchange and negative interest rates on our
businesses, the Group's consolidated operating income grew 6% from
the first half of 2014 to CHF
558 million, benefiting from robust client activity. The
operating cost-income ratio for the Group was stable at 80%
reflecting ongoing strategic investments and a very prudent use of
the balance sheet.
"We achieved a
strong financial performance in the first half of 2015 despite a
difficult market environment, with net profit up 12% compared with
the first half of 2014," said Patrick
Odier, Senior Managing Partner. "Our solid financial
position allows us to maintain investments in our growth
initiatives. We continue to focus on the expansion of our private
clients business in Europe, Switzerland and
the emerging economies, and continue to sharpen our asset
management capabilities. Our technology & banking services
business will further develop its platform for the benefit of our
own and third party clients."
A solid balance
sheet
The balance sheet
is highly liquid and was not impacted by the de-pegging of the
Swiss franc. Total assets amounted to CHF
17 billion as of 30
June 2015. The Group has no external debt and is one of the
best capitalised globally with a fully-loaded Basel III CET1 ratio
of 22.7%.
For more
information: http://www.lombardodier.com
Long version of
the press release in english can be downloaded as a pdf
here:http://www.presseportal.ch/de/nr/100056401
Lombard Odier
Group
Rue de la Corraterie 11
1204 Geneva
http://www.lombardodier.com
Media Relations
Tel.: +41(22)709-21-21
Warren
Giles
Media Relations
(English)
Tel.:
+41(22)709-31-57
[email protected]
Marionna
Wegenstein
Media Relations (Deutsch)
Tel.: +41(44)214-14-10
[email protected]
Francois
Mutter
Media Relations (Francais)
Tel. : +41(22)709-93-64
[email protected]