KUALA LUMPUR: Hong Leong Bank (HLB) has formed a strategic alliance with Lombard Odier, a renowned global wealth and asset manager with over 225 years of heritage, to strengthen its HLB Private Bank and Regional Wealth Management offerings.
In a statement, the bank said the collaboration is a key part of HLB’s accelerated strategy to become the best-run bank in Malaysia, reflecting its commitment to responsible and forward-looking wealth management.
Under this alliance, HLB Private Bank and Regional Wealth Management will offer clients with a personalised and sophisticated experience by combining Lombard Odier’s global investment insights with HLB’s deep knowledge of the local market.
Beyond investment expertise, HLB clients can access comprehensive wealth architecture and bespoke advisory services focused on their individual goals, ensuring tailored solutions for wealth preservation and transfer, including succession planning and sustainable investments.
HLB group managing director and chief executive officer Kevin Lam said it was a transformative era for wealth management, driven by unprecedented wealth creation and a rise in entrepreneurship, which called for a shift away from traditional approaches.
“Our ambition to be the best-run bank is intertwined with our commitment to empower clients to build wealth that transcends generations. Our strategic alliance with Lombard Odier, an institution that shares our profound long-term perspective, allows us to elevate our wealth offerings here.
“Together, we are charting a course for enduring wealth, providing our discerning clients in Malaysia and the region with access to world-class expertise grounded in a shared commitment to responsibility and innovation, ensuring their legacies flourish for generations to come,” Lam said.
Meanwhile, Lombard Odier Asia group regional head and global head of strategic alliances Vincent Magnenat said: “We believe in working with the right partners who share our vision of the future of wealth and asset management – those who complement each other’s DNA, and who bring a proven track record in the wealth management space with a deep commitment to innovation and sustainability.”
“In HLB, we see a strong alignment on all fronts, and our strategic alliance is a powerful testament to our shared values. We are delighted to welcome HLB into our ecosystem of strategic alliances.”
