The Lombard Odier Group reports results for the first half of 2014

Geneva (ots) -

- Total client assets on 30 June 2014 amounted to CHF 211 billion
of which assets under management were CHF 156 billion
- Consolidated net profit was CHF 62.5 million for the Group
- Fully-loaded Basel III CET1 ratio stood at 23.8%

Assets under management and strategic diversification across three
business lines

Several years ago, Lombard Odier decided to accelerate the
expansion of its private client business in Europe, Asia and
Switzerland, to sharpen the scope of its asset management business
and to turn its technology platform into a profit centre. This
long-term strategic evolution is showing steady progress and
positions the firm for the future.

As a result, today the Group is organised around three business
lines with total client assets at the end of June 2014 of CHF 211.0
billion. Total client assets in the private clients business amounted
to CHF 114.7 billion. Asset management clients invested CHF 47.8
billion. Technology and banking services clients entrusted an
additional CHF 48.5 billion of assets to Lombard Odier.

Solid earnings

The Group's consolidated income in the first six months was CHF
527.1 million and the operational cost base was CHF 429.7 million.
Operating cost-income ratio for the Group stood at 80%, reflecting
long-term investments in three strategic areas: the private client
businesses in Europe, Asia and Switzerland; asset management
expertise for institutional clients; and further developments into
the technology platform that Lombard Odier provides to third parties.

"These results are in line with our expectations and reflect both
the investments we make towards our strategic objectives as well as
the conservative use of our balance sheet," said Patrick Odier,
Senior Managing Partner. "Our Group is increasingly diversified, more
international and more balanced between private and asset management
clients and we are expanding our partnerships with financial services
providers. Our solid net profit allows us to continue investing in
all three businesses."

Strong and liquid balance sheet

The consolidated balance sheet totals CHF 17.1 billion and is
conservatively invested. The Group has no external debt and is well
capitalised with a fully-loaded Basel III CET1 ratio of 23.8%, which
is well above the FINMA's 12% target. The Liquidity Coverage Ratio
was 653%.

One of the Group's objectives is to remain one of the best
capitalised banks in the world. Lombard Odier's strong capitalisation
is a foundation of its clients' trust in the firm.

About Lombard Odier

Lombard Odier provides its private clients with a full range of
bespoke services such as succession planning, discretionary and
advisory portfolio management, tax reporting and custody services.
With a view to remaining close to its clients' needs, the Group is
able to harness expertise and technology to provide wealth management
solutions across the globe. Lombard Odier has developed significant
private banking operations in Europe, Asia and Switzerland.

Lombard Odier Investment Managers (LOIM), the Group's asset
management unit, seeks to deliver performance by identifying sources
of both risk and return through absolute return, smart beta and high
conviction strategies. LOIM offers its clients a range of innovative
solutions including risk-based asset allocation, thematic equity
investments, convertible bonds and absolute return as well as
alternative strategies.

Lombard Odier provides its technology and banking clients with its
own IT and operational infrastructure as well as global custody and
reporting services.

The Lombard Odier Group has a presence in the world's main
financial centres and offers its clients a global perspective through
its network of offices in 19 jurisdictions. The Group employs about
2,000 people.

The Group has a AA- Fitch rating with a "stable" outlook.

Lombard Odier is headed by eight Managing Partners, who represent
up to the seventh generation of bankers running the Firm. They are
both owners and managers and are involved with leading the firm's
strategy and management as well as serving clients. Since its
founding in 1796, the Firm has stayed true to its primary vocation of
preserving and nurturing the assets entrusted to it and helping to
hand them to future generations.

For more information: www.lombardodier.com

Press contact:
Bank Lombard Odier & Co Ltd
Rue de la Corraterie 11
1204 Genf
www.lombardodier.com

Christoph G. Meier
Head of Communications
Tel.: +41 (0)22 709 17 46
c.meier@lombardodier.com

Media Relations
Tel.: +41 (22) 709 21 21

Warren Giles
Media Relations (English)
Tel.: +41 (22) 709 31 57
w.giles@lombardodier.com

Marionna Wegenstein
Pressverantwortliche (Deutsch)
Tel.: +41 (44) 214 14 10
m.wegenstein@lombardodier.com

François Mutter
Tel.: +41 (22) 709 93 64
Relations Médias (Français)
f.mutter@lombardodier.com