How to Open an Account at Lombard Odier & Co AG

Parameter;Details

Year of establishment;1796 History;Founded by Henri Hentsch. Involved in financing the Swiss National Bank since 1800. One of the first banks in Europe to pioneer mutual fund investments (1950). Member of the NYSE since 1979. The current entity formed in 2002 after the merger of Darier Hentsch & Cie and Lombard Odier & Cie. Reorganized as a joint-stock company on January 1, 2014. Client assets: CHF 215 billion, assets under management: CHF 161 billion. Staff;Approx. 1,900 staff worldwide. Official representative office in Moscow. Russian-speaking staff in Geneva and Zurich. Shareholders;Governed by a board of eight partners, managed by President Patrick Odier and Vice President Thierry Lombard, other board members include executives from SIX, Swiss Life, and Novartis Confidentiality;Treaty on legal assistance with Russia signed, double taxation agreement in place, full AML compliance, active member of OECD, FATF, Basel Committee, Egmont Group, etc

Parameter;Details

Minimum deposit;Minimum starting investment CHF 1,000,000, recommended minimum CHF 5,000,000 Transactions per month;Primarily focused on investment management. Commercial activity is allowed but depends on the client's profile. High-volume transactions require high AUM levels (e.g. CHF 10+ million) Initial deposit;Generally equals the minimum balance requirement Timeframe for deposit;No strict timeframe, a 3-month window is generally recommended Payment execution speed;Same-day execution, cutoff times depend on currency

Parameter;Details

Outgoing transfer (€50,000);Approx. CHF 20 per same-day payment (depends on currency) Incoming transfer (€50,000);Free of charge Account maintenance fee;Fee is a percentage of managed assets. For up to CHF 1 million – approx. 0.4% (min. CHF 2,000), CHF 1–2.5 million – approx. 0.375%. Progressive decrease for larger sums Daily card limit;ATM withdrawal limit: CHF 1,000. No strict spending limits set by the bank Card insurance reserve;Example: for a card with a CHF 10,000 monthly limit, a CHF 20,000 guarantee deposit is required, sufficient liquidity must also be maintained on the account Account management;Full online access via secure e-services Banking products;Comprehensive wealth management solutions Credit cards;Available from all major providers: VISA, MasterCard, American Express (Gold, Platinum, Black), Miles&More Statement storage;Included in the account maintenance fee

Parameter;Details

Bank visit;A personal meeting is required to open an account Required documents;Standard corporate documentation, copy of the client’s passport. Additional documents may be requested, potentially extending the timeline Account types;Savings (investment) accounts Due Diligence procedure;Account can be opened without traveling to Switzerland Likelihood of approval;Predictable Business description;During the personal meeting, the client must present a detailed description of their business structure and source of funds to be deposited