Swiss bank Lombard Odier in talks on Saudi partnership | Reuters:
"Swiss private bank Lombard Odier is in talks to set up a partnership with a Saudi bank as it aims to strengthen its presence in the Gulf, its managing director said on Wednesday.
The Geneva-based bank, which had $281 billion in total client assets as of the end of last year, has a representative office in Dubai and is now looking at potential partnership options across the region, with a focus on Saudi Arabia.
“The model is to have a partnership with one of the best local banks so clients don’t have to transfer assets to Switzerland to us,” Arnaud Leclercq, partner and group managing director told Reuters."
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