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Lombard Odier review

Lombard Odier

One rating, weighted across its booking centres in Switzerland, Luxembourg and Singapore.

Booking centresSwitzerland, Luxembourg, Singapore
RegulatorsFINMA, CSSF, MAS
GroupLombard Odier Group
Rated centres3 of 3
PPLI.com
Private Bank Rating
2.1 out of 5 stars
Weighted across 3 rated booking centres
Reviewed 6 November 2026 · Q4 2026 edition
Updated every quarter
Rating signed byNoam CohenEditor, Bank Intelligence
About the rating
2.1 out of 5, weighted, Q4 2026 edition
0 of 3centres publish a fee schedule
4matters on the record across its booking centres, 2015 to 2026
2.0/522 UHNW client ratings across its booking centres
The editor's opinion

Why Lombard Odier rates 2.1 out of 5

Lombard Odier rates 2.1 out of 5. The figure combines the ratings of its three rated booking centres (Switzerland, two stars; Luxembourg, three stars; Singapore, two stars), each weighted by the number of UHNW client ratings it has received, so a centre where more families bank counts for more. Luxembourg is the strongest at three stars; Switzerland and Singapore are the weakest at two stars. Its booking entities carry four matters on the record, the most recent in 2026; each is listed below with the centre it concerns. Across its booking centres, 22 UHNW client ratings average 2.0 out of 5.

Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026, Q4 2026 edition. Each booking centre is rated on its own file, from the public record and what clients and their advisers tell us in confidence. The overall rating brings those ratings together; retail products, branches and apps play no part.

Where Lombard Odier stands out

  • Custody assets are protected by statute in the booking centre, with conditions a family should read. Switzerland and Luxembourg
  • Deposits are covered by a statutory protection scheme. Switzerland and Luxembourg
  • A dedicated desk serves external asset managers and family offices. Switzerland
  • No politically exposed person holds a significant stake. All centres
  • No final adverse finding against this licence holder in ten years of regulatory and court records. Luxembourg and Singapore

What to weigh

  • Two matters are still open with the authorities and not decided. It carries no weight in the rating until it is decided. Switzerland
  • Serious adverse findings against this licence holder in the last ten years. Switzerland
  • The last adverse finding is very recent. Switzerland
  • No fee schedule is published; pricing is given on request. All centres
  • The policy on third-party payments is only partly stated. Switzerland
  • Remediation of past findings is not documented. Switzerland
  • The custody terms are public but silent on re-use of assets and on sub-custodians. Luxembourg
  • Ownership is only partly public. Luxembourg and Singapore
  • Services available from this centre are not published. Luxembourg and Singapore
  • How the bank handles third-party payments is not public. Luxembourg
  • Deposit protection is minimal. Singapore
  • This file does not yet show how custody assets are ring-fenced by law in this centre. Singapore
  • The terms that would govern custody of your assets are not public. Singapore
Switzerland · Banque Lombard Odier & Cie SA4 client ratings · 18% of the weight
Luxembourg · Lombard Odier (Europe) S.A.2 client ratings · 9% of the weight
Singapore · Lombard Odier (Singapore) Ltd.16 client ratings · 73% of the weight
PPLI.com rating, weighted across the centres2.1

Each booking centre keeps its own rating, set on its own file. The overall rating is the average of those ratings, weighted by the number of UHNW client ratings each centre has received. A centre whose rating is still in preparation is shown but not counted.

The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice.

The booking centres

Lombard Odier in 3 booking centres

Each booking centre is a separate legal entity, with its own licence, deposit protection, services and fees, and keeps its own PPLI.com rating. Everything on file for them is brought together on this page; open a centre for its own file.

The record

Regulatory and legal record

What regulators, prosecutors and courts have decided against the booking entities of Lombard Odier, gathered from the files of all its booking centres, with the status, the amounts as published and a link to the original document. Each entry names the centre it concerns. Claims and investigations still under way are marked as open.

202627 July 2026

Conviction for failing to take the organisational measures needed to prevent money laundering; fine of CHF 3 million

The Federal Criminal Court convicted the bank of organisational failure in connection with money laundering by a former client adviser, who was convicted of aggravated money laundering. The court fined the bank CHF 3 million. The judgment is not final.

Booking centre: Switzerland · Banque Lombard Odier & Cie SASwiss Federal Criminal Court (case SK.2023.42)Decision, open to appealFine CHF 3 millionNot final (court: 'Das Urteil ist nicht rechtskräftig')Not yet finalPrimary source
202426 November 2024

Indictment for aggravated money laundering (Karimova): first stage of the matter decided in July 2026

The OAG filed an indictment with the Federal Criminal Court on 26 November 2024 against the bank and a former employee, alleging they played a decisive role in concealing proceeds of the activities of the 'Office' linked to Gulnara Karimova. Press reports say a first-instance judgment followed in July 2026.

Als Abschluss ihrer Strafuntersuchung hat die Bundesanwaltschaft (BA) am 26. November 2024 beim Bundesstrafgericht Anklage
Booking centre: Switzerland · Banque Lombard Odier & Cie SAOffice of the Attorney General of Switzerland (Bundesanwaltschaft); Federal Criminal CourtAllegation or claimSuperseded by the judgment of 27 July 2026Open matter, not decidedPrimary source
201831 July 2018

Addendum to the Swiss Bank Program non-prosecution agreement: additional payment for further US-related accounts

The US Department of Justice announced an addendum to the bank's 2015 non-prosecution agreement: Bank Lombard Odier & Co Ltd pays a further USD 5.3 million for 88 additional US-related accounts. The release gives the announcement date; the signing date is not stated separately.

Lombard Odier will pay to the Department an additional sum of $5,300,000
Booking centre: Switzerland · Banque Lombard Odier & Cie SAUS Department of Justice (Swiss Bank Program)Settlement without admissionAdditional penalty USD 5.3 millionPrimary source
201531 December 2015

Swiss Bank Program Category 2 non-prosecution agreement

Under the Swiss Bank Program Lombard Odier entered a non-prosecution agreement with a statement of facts describing services such as numbered accounts and hold mail that helped US clients conceal assets, with 1,121 US-related accounts since August 2008, and paid USD 99.809 million.

Lombard Odier will pay a penalty of $99.809 million.
Booking centre: Switzerland · Banque Lombard Odier & Cie SAUS Department of Justice (Swiss Bank Program)Settlement without admissionPenalty USD 99.8 millionPrimary source
Clients and standing

Client experience and financial standing

What clients meet at Lombard Odier across its booking centres, read from complaint registers, ombudsman decisions and court records, independent reporting and what clients and their advisers tell PPLI.com in confidence. Announcements by the bank, awards and marketing material are left out.

UHNW client ratings

2.0 out of 5, based on 22 client ratings across its booking centres.

  • Switzerland4.3 out of 54 ratings
  • Luxembourg2.0 out of 52 ratings
  • Singapore1.4 out of 516 ratings

What clients report

Switzerland. No complaints register publishes figures for Banque Lombard Odier & Cie SA, and the Swiss Banking Ombudsman reports statistics only, without naming banks. The Federal Criminal Court case decided on 27 July 2026, now under appeal, was brought by the Office of the Attorney General and not by clients.

Luxembourg. The adverse matter in the group is the Swiss Federal Criminal Court's judgment of 27 July 2026 fining the Geneva parent bank CHF 3 million for organisational failures in the Karimova money laundering case, which the parent is appealing and to which the Luxembourg bank is not a party.

Singapore. The one court case in the group is the Swiss criminal prosecution of the Geneva parent, Banque Lombard Odier & Cie SA, over a former relationship manager's handling of assets linked to Gulnara Karimova between 2005 and 2012, in which the first-instance judgment of July 2026 is under appeal.

Worth raising with the bank

  • Switzerland. Ask when the appeal against the Federal Criminal Court judgment of July 2026 is expected to be decided, and what the bank changed in its controls on accounts showing signs of corruption after the Karimova matter.
  • Luxembourg. Ask how the organisational failures found against the Geneva parent in the Karimova judgment of July 2026 have been addressed in the money laundering controls the Luxembourg bank shares with the group.
  • Singapore. Ask whether any assets or relationships booked in Singapore were connected to the Karimova case, in which the Geneva parent was fined CHF 3 million in July 2026 and has appealed.
  • Singapore. Ask how the organisational measures that the Federal Criminal Court found lacking at the Geneva parent are applied today to relationship managers in Singapore.

Financial standing

Credit ratings published by the agencies for the companies named in the centre files, dated by the latest agency or bank document that confirms them
AgencyRatingOutlookAs ofRated company
FitchAA-Not statedNovember 2026Lombard Odier Group (parent)

In the press

What it costs

What Lombard Odier charges, centre by centre

Fees are set by each booking entity, so they are shown centre by centre. None of the three centres of Lombard Odier publish a fee schedule. Terms a family actually negotiates are often different, and a bank can change its schedule at any time.

Switzerland · Banque Lombard Odier & Cie SACentre file

Pricing not published

No fee schedule is published for this booking centre; pricing is given on request.

Luxembourg · Lombard Odier (Europe) S.A.Centre file

Pricing not published

No fee schedule is published for this booking centre.

Singapore · Lombard Odier (Singapore) Ltd.Centre file

Pricing not published

No fee schedule is published for this booking centre.

The bank at a glance

Identity, protection and services

Ownership

Group parentCompagnie Lombard Odier SCmA (partnership limited by shares, Geneva)  Source
ControlManaging Partners of Compagnie Lombard Odier SCmA (unlimited-liability partners; registry lists Xavier Bonna, Alexandre Meyer, Hubert Keller, Jean-Pascal Porcherot, Denis Pittet); owned by its partners  Source (14 August 2025)

Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.

Booking entities

SwitzerlandBanque Lombard Odier & Cie SAFINMA · Licence holder · LEI 4BY1ZWG5DYMF1HP5KL86Licence: Bank  Source
LuxembourgLombard Odier (Europe) S.A.CSSF · Licence holder · LEI 549300ZOE0EU2VKF6M35Licence: Credit institution under Luxembourg law: 'Authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg'  Source
SingaporeLombard Odier (Singapore) Ltd.MAS · Locally incorporated subsidiary · LEI 5493008V7RCLD02Z2B97Licence: Merchant Bank; also Exempt Capital Markets Services Entity and Exempt Financial Adviser  Source

Financial strength, as reported

Credit ratingsFitch AA- (group), 2025-10
CET1 ratio33%; balance sheet CHF 15 bn (31 Dec 2025)  Source
Total client assetsCHF 349 bn (31 Dec 2025)  Source

Services published across its booking centres

Private clientsSwitzerland, Luxembourg and Singapore
Discretionary managementLuxembourg and Singapore
Multi currency accounts
Wealth planningSwitzerland, Luxembourg and Singapore
External asset manager deskSwitzerland, Luxembourg and Singapore

Offered at one or more booking centresOffered by the group, not confirmed at a centreNot located, which does not mean unavailable
Checked on the bank's own pages for each centre.

Access and costs

Minimum relationshipSwitzerland: CHF 1 million  Source
Luxembourg: CHF 1 million  Source
Singapore: Not published
US personsSwitzerland: Not published
Luxembourg: Not published
Singapore: Not published
Fee scheduleSwitzerland: Not published
Luxembourg: Not published
Singapore: Not published
Third party paymentsSwitzerland: Published  Source
Luxembourg: Not published
Singapore: Not published
Transfer out termsSwitzerland: Not published
Luxembourg: Not published
Singapore: Not published

Protection of client assets

Deposit protectionSwitzerland: All banks with a Swiss office must be members of esisuisse: privileged deposits are protected up to CHF 100,000 per client per bank, including non-resident clients and foreign currency deposits, within a system cap.
Luxembourg: Luxembourg credit institutions are members of the FGDL: EUR 100,000 per depositor per institution, repaid within seven working days.
Singapore: Wholesale banks and merchant banks are not members of the SDIC Deposit Insurance Scheme, so deposits booked here carry no Singapore deposit insurance. Only eligible Singapore-dollar deposits are insured; deposits in US dollars or other currencies are not covered.
Custody lawSwitzerland: Swiss Banking Act art. 37d: custody assets held for clients are separated from the bankrupt bank's estate and handed over to the clients, with privileged deposits protected under arts. 37a and 37h.
Luxembourg: Law of 1 August 2001 on the circulation of securities: securities held on account are an intangible interest of the account holders and are claimed collectively from the liquidator, with any shortfall shared pro rata (Arts 3(1), 10(1), 10(2)). Rules on re-use were not located in the statute text read.
Singapore: Not published
Custody termsSwitzerland and Singapore: Not published
Luxembourg: Published  Source

Before opening an account

  • Custody agreement. The applicable legal framework is set out above. Ask for the agreement that would govern your account and check how securities are titled, whether any sub-custodian is used, and when the bank may take a lien. Switzerland and Singapore
  • Reporting to the family office. The bank lists a desk for external asset managers. Ask for a sample statement or data export and confirm whether it includes positions, transactions, accrued income and all currencies held. Switzerland and Singapore
  • Transferring assets out. Ask which positions can be transferred without selling them, who approves exceptions, and how charges are calculated for each position and market. Switzerland and Singapore
  • Moving the portfolio. Ask the bank to review a sample list of your holdings and identify which it could transfer in specie. Request a written schedule of exit charges, including charges levied by any sub-custodian. Luxembourg
  • Relationship minimum. The published figure cited above is CHF 1 million. Ask whether it applies to the proposed mandate and whether assets in related accounts, entities or currencies count toward it. Luxembourg
  • Written pricing. Ask for a quote that covers the account you would actually open, including fees charged by third parties and the cost of moving assets out. Luxembourg
Your experience

Rate Lombard Odier

If you bank with Lombard Odier in any of its booking centres, or advise clients who do, your experience forms part of its PPLI.com rating. Please say which centre you deal with. Every response is read by the editor and treated in strict confidence.

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Our commitment to confidentiality

Your name, email and telephone number are seen only by the PPLI.com editor. They are never published, never passed to Lombard Odier or any other bank, and never used for marketing. We may contact you once to clarify your assessment. Once verified by our editors, your assessment can lead to a disclosed adjustment of the PPLI.com rating of the booking centre concerned, and so of the overall rating. It is never published with your name.

Sources

All 23 documents cited on this page, by subject.

Regulatory and legal record

  1. Swiss Federal Criminal Court (case SK.2023.42): Conviction for failing to take the organisational measures needed to prevent money laundering; fine of CHF 3 million, 27 July 2026bstger.ch
  2. Office of the Attorney General of Switzerland (Bundesanwaltschaft); Federal Criminal Court: Indictment for aggravated money laundering (Karimova): first stage of the matter decided in July 2026, 26 November 2024admin.ch · Swiss Confederation
  3. US Department of Justice (Swiss Bank Program): Addendum to the Swiss Bank Program non-prosecution agreement: additional payment for further US-related accounts, 31 July 2018justice.gov
  4. US Department of Justice (Swiss Bank Program): Swiss Bank Program Category 2 non-prosecution agreement, 31 December 2015justice.gov

Client experience and press

  1. swissinfo.ch (Keystone-SDA): Lombard Odier bank fined in Karimova money laundering case, 27 July 2026swissinfo.ch
  2. SWI swissinfo.ch: Swiss court case against absent Karimova discontinued, 28 April 2026swissinfo.ch
  3. finews.com: Money Laundering and More: Karimova Case Begins at the Federal Criminal Court, 24 April 2026finews.com
  4. SWI swissinfo.ch: Swiss private bank Lombard Odier charged with aggravated money laundering, 29 November 2024swissinfo.ch
  5. Paperjam: Jessica Rabut named Lombard Odier Europe's CEO starting 2025, 27 November 2024en.paperjam.lu

Identity, ownership, finances and services

  1. moneyhouse.ch: Compagnie lombard odier scma 3441050391moneyhouse.ch · Group parent
  2. FINMA: Bewilligungstraeger (PDF)finma.ch · Switzerland
  3. Lombard Odier: Legal informationlombardodier.com · Luxembourg
  4. Monetary Authority of Singapore: 1748 LOMBARD ODIER SINGAPORE LTDeservices.mas.gov.sg · Singapore
  5. Lombard Odier: Our financial reportslombardodier.com · CET1 ratio
  6. Lombard Odier: Our expertise in switzerlandlombardodier.com · Services
  7. Lombard Odier: Our expertise in luxembourglombardodier.com · Services
  8. Lombard Odier: Singaporelombardodier.com · Services
  9. Lombard Odier: Lombard loanslombardodier.com · Services
  10. Lombard Odier: External asset managerslombardodier.com · Services
  11. Lombard Odier: Private clientslombardodier.com · Minimum relationship
  12. Lombard Odier: Brochure LSFin EN (PDF)lombardodier.com · Third party payments
  13. Lombard Odier: LOESA Luxembourg GTC EN (PDF)lombardodier.com · Custody terms

The bank

  1. Lombard Odier, websitelombardodier.com

For Lombard Odier

Before we publish a significant negative finding that is not already public, we give the bank the facts and time to comment, on the same timetable for every bank. Decisions of regulators and courts are shown as they were published. Corrections we verify are published with the date of the change. Write to [email protected] quoting the reference of the booking centre concerned: Switzerland BK-CH-LOMBARD-ODIER-E23470; Luxembourg BK-LU-LOMBARD-ODIER-EUROPE-59F538; Singapore BK-SG-LOMBARD-ODIER-SG-926F9B.

Reviewing this file with us

Families and their advisers read this file before they open an account. It can only be as complete as the documents we can find, and much of what sets a private bank apart, from its custody terms to the way a client team works, is rarely published.

If you represent Lombard Odier, one of our Bank Intelligence analysts can go through the file with you: correct anything that is out of date, add terms and documents that are not yet public, and set out what has improved since our last edition. The review is a paid engagement for the analyst's time and research.

The rating itself stays with our editor and follows what the documents show, so we cannot promise a particular result. When a review changes the file, this page notes that the bank took part, with the date and what was added.

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About this file

Brought together by the PPLI.com research desk from the files of its booking centres and the public sources listed. The rating is our editorial opinion; read how the overall rating is built.

Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Rating signed by Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026Methodology 2.4Overall rating weighted by UHNW client ratings
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