Union Bank of the Philippines (UnionBank) has partnered with Swiss private bank Lombard Odier, a leading global wealth and asset manager, to offer a new global fund for upscale clients. The multiasset global fund has a risk profile matching UnionBank’s specific needs and aimed at its ultrahigh net-worth clients.
The endeavor will provide its onshore private clients with holistic investment and family wealth-management solutions.
“This partnership is a testament of our total commitment to our clients.
The topnotch global investment and family services expertise available through this alliance with Lombard Odier enables us to better grow and safeguard our clients’ wealth through the long term, and ensures that they can pass this on safely to succeeding generations,” Eugene Acevedo, senior executive vice president for retail and corporate banking
at UnionBank, said.
Supported by Lombard Odier’s expertise in family services, UnionBank’s
ultra high net-worth clients will gain access to a full suite of family services, including succession and estate planning, further strengthening intergenerational equity.
Among the first offerings of the partnership are two multiasset Fund-of-Funds adopting a risk-based investment strategy for both institutional and private clients. These funds will give UnionBank’s clients access to effectively diversified global investments for their core liquid investment assets.
“By codeveloping and comanaging these funds, UnionBank’s clients will be able to invest globally onshore through one of the most solid private banks known for its investment expertise,” said Vincent Magnenat, head of private banking Asia at Lombard Odier, said.