Mizuho Securities in Singapore, part of Japan’s Mizuho Securities, has signed a cooperation agreement Lombard Odier for wealth management services in Asia.
The partnership is the first ever by a Japanese securities group with Lombard Odier (Singapore), which is a unit of Swiss asset manager Lombard Odier Group.
“Through the alliance with LO SIN, with cutting-edge technological wealth management infrastructure provided by Lombard Odier group and broad access to global investment products, MHSS will provide our valued clients with more advanced wealth management services than ever,” Mizuho said in a statement.
Lombard Odier Group was founded in 1796 and offers wealth management services for individuals and corporations. The group employs 2,400 staff and managed around JPY30 trillion ($271bn) in assets at the end of December 2017.
Set up in 1985, Mizuho Securities (Singapore) offers clearing services for exchange listed derivatives, equity sales, M&A advisory, fixed income sales, and debt capital markets. The business started offering wealth management services from November 2015.