Lombard Odier Private Bank has hired Michael Le Garignon as head of independent asset managers (IAM) UK as part of the firm’s drive to build its UK presence.
Le Garignon, who was previously head of business development, sales and relationship management for the UK and Ireland at Société Générale Securities Services, will oversee the launch of Lombard Odier’s independent asset management offering in the UK next year.
Lombard Odier’s independent asset managers division – a team of 60 – was set up 25 years ago and has €18bn (£15.3bn) in client assets.
The firm’s portfolio management platform features performance analysis, asset consolidation, reporting and order entries.
Duncan MacIntyre, chief executive, UK at Lombard Odier, says: “Technology is a hugely important factor in order for family offices and wealth managers to flourish. They need robust systems with the highest standards of quality to meet the demands of their clients and develop businesses to their full potential. This need will only get greater as regulatory pressure increases.
We’re delighted to welcome Michael to Lombard Odier, whose wealth of expertise will be valuable for driving forward the IAM business in the UK, which is an important part of our growth strategy.”
In October Lombard Odier announced a series of hires in its London office, with roles including chief operating officer, wealth planner, legal counsel and three private bankers.