Lombard Odier, the Geneva-based private bank, reported a 25% increase in net profit for the first half of 2026, driven by a 9% rise in revenue to CHF 740 million. Operating expenses remained stable despite ongoing investments in staff and technology, the bank said in a statement on Thursday.
Client assets under management rose 7% from year-end 2025 to a record CHF 239 billion, supported by net inflows and strong performance across investment strategies. Total client assets, including additional wealth held at the bank, increased 5% to CHF 367 billion.
Senior Managing Partner Hubert Keller attributed the growth to sustained client trust amid a challenging market environment. Lombard Odier’s capital position remained robust, with a common equity tier 1 (CET1) ratio of 31% at the end of June—more than double the regulatory requirement. The bank’s total balance sheet stood at CHF 17 billion.
The private bank employs 2,895 staff across 26 offices in 19 countries and regions.
