Swiss bank Lombard Odier, UnionBank Philippines launch risk-based fund

Visual from company website

Swiss private bank Lombard Odier and UnionBank of the Philippines (UnionBank) have launched a risk-based, multi-asset fund in the Philippines.

Lombard Odier made the disclosure on Tuesday, August 8, following its partnership with the bank last year.

UnionBank first vice-president and trust and investment services group head Robert Ramos said the fund represents the first investment vehicle in the Philippines to utilise the risk-based investment methodology which suits clients seeking to limit volatility in their portfolios.

“Given limited access in the Philippines to US dollar investment funds, this new fund represents a viable investment option for private clients looking to preserve and grow their wealth for current and future generations,” Ramos said.

According to Lombard Odier, risk-based approach is unique in that it focuses on a return target with a risk budget, and is not driven by knee-jerk reactions to changes in the political, economic and market backdrop.

Lombard Odier Asia Pacific CEO Vincent Magnenat said: “With this fund and the partnership as a whole, our aim is to marry the best of both parties – providing our global products and services through UnionBank’s extensive network in the Philippines.”

Last year, Lombard Odier signed a strategic alliance with UnionBank to offer its investment solutions to onshore private clients in the Philippines.

Under the agreement, Lombard Odier would customise investment funds for UnionBank’s private clients while also assisting the Philippine bank to develop its own private banking activities.

The Swiss wealth manager’s partnership in the Philippines is one in a series of strategic alliances forged in Asia since 2012 in order to enlarge the wealth manager’s networks and client base in the region. These include a partnership with Kasikornbank in Thailand and alliances in Japan, Australia and South Korea.

Lombard Odier serves Asia-based clients directly from its offices in Singapore, Hong Kong and Tokyo where it specialises in managing wealth on a discretionary portfolio management basis and providing individuals and families with multi-generational wealth preservation solutions.

Also Read:

Philippines: Partners Group to buy SPi Global from CVC Capital for $330m

Philippines: UnionBank ventures into microfinance with acquisition of FairBank

Philippines: Sierra Madre hits first close of maiden fund at $50m

People: Aviva Investors, Lombard Odier make Asia appointments

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.