Lombard Odier Switzerland Review 2026: Rating 58/100

What the PPLI.com rating of Lombard Odier considers

This is our editorial assessment of Lombard Odier. We look at the areas below, which matter to a family deciding where to keep its assets, and weigh them together with what clients tell us and the service they get. Retail products, branches and apps play no part. The public sources we used are listed at the foot of the page.

Conduct and enforcement

What regulators, prosecutors and courts have concluded about this licence holder in recent years.

Protection of client assets

Whether custody assets are ring-fenced by law in the booking centre, whether deposits are protected, and whether the custody terms can be read before signing.

Service for complex families

The breadth of private banking services the bank publishes for this booking unit, including work with external managers and family offices.

Cost transparency

Whether a prospective client can see the tariff and the bank's policy on third party payments before asking.

Ownership and control

Whether the bank's owners are public, how official assessments rate the anti-money-laundering regime of any owner's home jurisdiction, and whether a politically exposed person holds a significant stake. The same test applies to every bank.

Client opinions and service

What clients of Lombard Odier and their advisers tell us in confidence, and the service the bank gives to families. We never publish names. Tell us about yours

PPLI.comPrivate Bank Rating58

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. Read about the rating.

Regulatory and legal record

What regulators, prosecutors and courts have decided, recorded against the legal entity they named, with the status, the amounts as published and a link to the original document. 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.

Swiss Federal Criminal Court (case SK.2023.42) · Decision, open to appeal · Fine CHF 3 million · Not final (court: 'Das Urteil ist nicht rechtskräftig') · Not yet final · Primary 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

Office of the Attorney General of Switzerland (Bundesanwaltschaft); Federal Criminal Court · Allegation or claim · Superseded by the judgment of 27 July 2026 · Open matter, not decided · Primary 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

US Department of Justice (Swiss Bank Program) · Settlement without admission · Additional penalty USD 5.3 million · Primary 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.

US Department of Justice (Swiss Bank Program) · Settlement without admission · Penalty USD 99.8 million · Primary source

Identity, protection and services

Legal identity

Legal nameBanque Lombard Odier & Cie SA

LEI4BY1ZWG5DYMF1HP5KL86

LicenceBank Source

RegulatorFINMA

Legal formLicence holder

OwnerNot published

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.

Financial strength, as reported

Credit ratingsFitch AA- (group), 2025-10

CET1 ratio33%; balance sheet CHF 15 bn (2025-12-31) Source

total client assetsCHF 349 bn (2025-12-31) Source

Services published for this booking unit

Private clients

Discretionary management

Advisory mandates

Custody only (execution and safekeeping)

Lombard lending

Mortgage lending

Multi currency accounts

Trust and fiduciary services

Family office services

Wealth planning

Consolidated reporting

External asset manager desk

Offered at this booking centreOffered by the group, not confirmed hereNot located, which does not mean unavailable
Checked on the bank's own pages, 2 November 2026.

Access and costs

Minimum relationshipCHF 1 million Source

US personsNot published

Fee scheduleNot published

Third party paymentsPublished Source

Transfer out termsNot published

Protection of client assets

Deposit protectionAll 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.

Custody lawSwiss 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.

Custody termsNot published

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Banque Lombard Odier & Cie SA

Lombard Odier in 3 booking centres

What the PPLI.com rating of Lombard Odier considers

Conduct and enforcement

Protection of client assets

Service for complex families

Cost transparency

Ownership and control

Client opinions and service

Regulatory and legal record

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

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

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

Swiss Bank Program Category 2 non-prosecution agreement

Identity, protection and services

Legal identity

Ownership

Financial strength, as reported

Services published for this booking unit

Access and costs

Protection of client assets

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Our commitment to confidentiality

Sources

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