Boutique Swiss private bank Lombard Odier Darier Hentsch has hired five senior relationship managers in Hong Kong and says further appointments can be expected as it strives to deepen its Asia penetration.
The privately owned family business, which has its headquarters in Geneva, picked up four of these hires from UBS Wealth Management in Hong Kong.
In an interview, Philip Jehle, Lombard Odier’s managing director for North Asia, pulled few punches, stating that the days of product-pushing are over and that the environment is ripe for boutique firms to attract senior talent from larger rivals.
“The deleveraging that has occurred following the global financial crisis in 2008 has resulted in a structural...
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