Five Credit Suisse Fund Managers Depart for Lombard Odier Investment Managers
In a surprising move, five fund managers from Credit Suisse have left the UBS subsidiary to launch a new product on the alternative platform of Lombard Odier Investment Managers. The new fund, which combines discretionary and systematic strategies, is set to be launched in the third quarter on Lombard Odier’s alternative platform 1798, according to informed sources cited by Bloomberg.
Notable Departures
Among the departures is Valentin Petrescou, the current Head of Global Fixed-Income Strategies at Credit Suisse. The other portfolio managers who have submitted their resignations to join the new fund are Didier Anthamatten, Jeremy Gatto, Maximilian Witschel, and Philipp Müller.
Lombard Odier’s Response
When approached for comment, a spokesperson for Lombard Odier declined to provide any information.
New Head of Investment Strategy
Last December, Lombard Odier hired Nannette Hechler-Fayd’herbe, a well-known former Chief Research Officer at Credit Suisse. She joined as the Head of Investment Strategy, Sustainability, and Research, as well as the Chief Investment Officer (CIO) for Europe, the Middle East, and Africa (EMEA) at Lombard Odier. She assumed her new role on January 15, 2024, and will be based in both Geneva and Zurich. Michael Strobaek, another former Credit Suisse executive, has also been appointed as the bank’s new Chief Investment Officer.
Previous Moves by Lombard Odier
Last August, Lombard Odier made headlines in the Swiss financial community by recruiting an entire team of experienced bankers from Credit Suisse Switzerland, led by Marco Arnold, to its Zug office. Prior to that, the bank had already surprised the industry by hiring Serge Fehr, the long-time Head of Swiss Private Banking at Credit Suisse.
These recent developments highlight Lombard Odier’s aggressive recruitment strategy and its ability to attract top talent from its competitors. The launch of the new fund on its alternative platform further demonstrates the bank’s commitment to expanding its product offerings and strengthening its position in the market.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇨🇭 |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | Maximilian Witschel, Philipp Müller, Didier Anthamatten, Valentin Petrescou, Jeremy Gatto |
| Companies | CS, Genfer Privatbank, Lombard Odier Investment Managers, Nannette Hechler-Fayd’herbe, Michael Strobaek, Zug, Schweizer Private Banking, Research-Chefin, 1798, finews.ch, Marco Arnold, Bloomberg, UBS, Credit Suisse |
| Currencies | None |
| Securities | None |
