Japan 3rd Largest Bank Mizuho Financial Group Forms Strategic Alliance with Lombard Odier to Enhance Private Banking Services to Japan HNWs, Launched Mizuho Connected Services Membership for UHNWs in 2021
18th February 2023 | Hong Kong
Japan 3rd largest bank Mizuho Financial Group (MHFG) has formed a strategic alliance with Swiss-bank Lombard Odier to enhance private banking services to Japan HNWs (High net worths), having earlier launched the Mizuho Connected Services membership for UHNWs (Ultra high net worths) in 2021. Mizuho Financial Group & Lombard Odier: “Through the recently signed Strategic Alliance Agreement, Mizuho Financial Group will be able to provide more advanced and fully-fledged wealth management services to Japanese high-net-worth clients by offering products and services that leverage the high expertise and global network of Lombard Odier, in addition to Mizuho Financial Group’s current suite of products and services. As well as providing new products and services, Mizuho Financial Group and Lombard Odier will further enhance their client servicing excellence through personnel exchanges between the two financial institutions and the participation of Mizuho employees in Lombard Odier’s training programmes.” Japan has the 2nd largest HNW population in the world with 3.65 million (United States highest HNW population with 7.46 million). Japan is the 3rd largest economy in the world with $4.9 trillion (1st: United States, 2nd: China) and a population of around 125 million.
“ Japan 3rd Largest Bank Mizuho Financial Group Forms Strategic Alliance with Lombard Odier to Enhance Private Banking Services to Japan HNWs, Launched Mizuho Connected Services Membership for UHNWs in 2021 “
Vincent Magnenat, Limited Partner and Global Head of Strategic Alliances & Asia Regional Head, Lombard Odier:“We are very excited to extend our business alliance collaboration with Mizuho in addition to our existing Strategic Alliance with MHSS. Both our institutions hold a long-term perspective in everything we do, and share a deep commitment to sustainability. This Strategic Alliance is complementary to our existing trust business in Japan, which is one of our earliest markets in Asia, and Lombard Odier will benefit from Mizuho’s extensive Japanese network and local expertise. We look forward to welcoming Mizuho colleagues and clients into the Lombard Odier family.”
Mizuho Financial Group Strategic Alliance with Lombard Odier
16th Feb 2023 – The strategic alliance builds on an existing relationship between their respective Singapore subsidiaries Mizuho Securities (Singapore) Pte Ltd. and Lombard Odier (Singapore) Ltd., which was forged in 2018. With this newly-signed agreement, the collaboration between Mizuho Financial Group and Lombard Odier will now extend to Japan.
Mizuho Financial Group and Lombard Odier will continue to provide a bespoke level of excellence in private wealth management to leading Japanese families and entrepreneurs that is specifically tailored to holistically meet their global investment and private banking needs, not just today, but for future generations.
Mizuho Financial Group leverages the resources and expertise across its entire business lines to provide products and solutions that transcend the boundaries of finance to meet the diverse and sophisticated needs of high-net-worth individuals and their families, including asset management, real estate, inheritance and succession planning, and philanthropy.
Lombard Odier, one of the oldest private banks in Switzerland with over 225 years of experience, is a global wealth and asset manager, and a leader in sustainable investing. Lombard Odier has been present in Asia for over 35 years, providing a comprehensive offering of wealth services to leading families and entrepreneurs in the region, and supports the transition to a sustainable world using rigorous methodology, a scientific framework, and a wide range of investment solutions.
About Mizuho Financial Group
Mizuho Financial Group, Inc. is a bank holding company and one of the world’s largest full-service financial conglomerates. With offices in over 100 locations all over the world, Mizuho Financial Group employs approximately 60,000 employees worldwide and combines 140+ years of banking experience.
About Lombard Odier
Lombard Odier (the “Group”) is a global wealth and asset manager, and a leader in sustainable investing. For over 225 years and through more than 40 financial crises, the Group has combined innovation and prudence to align itself with the long-term interests of private and institutional clients. The Group is solely owned by its Managing Partners and has a strong, liquid and conservatively invested balance sheet with a CET1 ratio of 29.5% and a Fitch rating of AA-.