The global investment manager announced it had assembled a team to target expanding relationships with European single family offices with a net worth of over £1bn.
Lombard Odier’s push into the family offices space was “a natural progression” for the firm, said global head of sales and solutions, Carolina Minio-Paluello.
Single family offices have been expressing “growing demand for innovative and specialist investment products” to deal with the challenges of a low-yield, central bank interventionist environment on behalf of their clients.
The group’s leader, Ahmed Husain, was recruited from Altice Capital, where he was a partner for two years, looking after one of the firm’s €500m liquid portfolios of credit and equity investments.
He also has experience advising ultra-high net worth individuals and their family offices as managing director at Goldman Sachs and was involved in the structured credit business at Lehman Brothers.
He is joined by Caroline Crochet, who will also operate out of the firm’s London office. Crochet also brings a breadth of experience in family offices, working as a client development manager for the EMEA region at Northern Trust.
Both will report to Minio-Paluello.
