Filipinos need risk, wealth management services: consultant

ABS-CBN News

Posted at Jun 08 2018 04:52 PM

Watch more in iWant or iWantTFC

MANILA - Global wealth management firm Lombard Odier Group on Friday said the demand for financial services prompted its partnership with Unionbank to bring risk management and advisory expertise here in the country.

Speaking to ANC, Lombard Odier Group's Senior Managing Partner Patrick Odier, said their collaboration with Unionbank has been very successful because the "need for wealth management is real."

"I think this is the most difficult thing to do, that’s why were bringing that advisory and peer experience that could be very useful. We’re trying to bring that peer experience and those advisory resources to the Philippines," Odier said.

Odier bets on the "deep entrepreneurial tradition" in the country to further drive its growth. Families can focus on running their businesses instead of managing risks with the help of their asset and wealth management expertise.

The group, being an independent family business for generations, also specializes in advising companies in terms of successions. 

Odier said choosing a successor means putting the best family member in-charge "at the best time and for the right reasons."