The Lombard Odier Group Reports Results for the First Half of 2015

PR61605

GENEVA, August 28, 2015/PRN=KYODO JBN/ --

    Total client assets on 30 June 2015 amounted to CHF 209 billion, of which

assets under management were CHF 155 billion

Net inflows were positive across all business lines

Consolidated net profit amounted to CHF 70 million, up 12% vs half year 2014

Fully-loaded Basel III CET1 ratio stood at 22.7%  

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 clients business 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                  

    w.giles@lombardodier.com          

    Marionna Wegenstein

    Media Relations (Deutsch)

    Tel.: +41(44)214-14-10

    m.wegenstein@lombardodier.com

    Francois Mutter

    Media Relations (Francais)

    Tel. : +41(22)709-93-64

    f.mutter@lombardodier.com

    Source: Bank Lombard Odier & Cie SA