Swiss financial group Lombard Odier has appointed Annika Falkengren and Denis Pittet as new managing partners.
Falkengren, currently president and CEO of Skandinaviska Enskilda Banken (SEB), will join the Lombard Odier Group in July 2017 as a managing partner based in Geneva. She joined SEB in 1987 and is also chairman of the Swedish Bankers Association.
Pittet will be promoted to the role of managing partner in January 2017. He joined the group in 1993 as a trained lawyer and was the group’s legal counsel, before being appointed within the Private Clients Unit in 2015.
He took over the responsibility for the independent asset managers’ department and led the expansion of wealth planning services in the areas of family governance and philanthropy. He became a group limited partner in 2007.
Pittet is also chairman of the Fondation Philanthropia.
In July 2017, the Management Partnership of the Lombard Odier Group will be composed of Patrick Odier (senior Ppartner), Christophe Hentsch, Hubert Keller, Frédéric Rochat, Hugo Bänziger, Denis Pittet and Annika Falkengren.
“These two nominations provide a solid base for the further build-up of the Lombard Odier Group” said Patrick Odier, senior managing partner of the Lombard Odier Group.
“We are particularly pleased to welcome two highly complementary personalities with Annika Falkengren, who brings a recognised expertise in the running of a respected and successful European financial institution, and Denis Pittet, who has contributed significantly to the strategic development of the bank over the past 20 years. These two appointments represent a strong endorsement of our strategy, differentiated business model and long term vision,” he added.
The appointments follow the departure of managing partner Anne-Marie de Weck who retired on 31 December 2016. She will remain a member of the board of directors of Lombard Odier’s Swiss-based bank.
“In this role, she will continue to be involved in defining the strategic orientation and overseeing the operational activities of the business”, said Patrick Odier.
As of end June 2016, Lombard Odier had client assets of CHF223bn (€207.95bn).