LOMBARD ODIER & CIE
THE COST OF OPENING AN ACCOUNT:
FROM 2700 EUR
GENERAL INFORMATION
Lombard Odier & Cie
Switzerland
www.lombardodier.com
1796
In 1796, Hentsch & Cie company was founded by Henri Hentsch. In 1800, there was the financing of the Swiss National Bank. In 1907, the company became co-founder of the Swiss National Bank. In 1950, it was a pathbreaker in the development and sale of mutual funds in Europe. In 1979, it became the first European bank to obtain membership in the New York Stock Exchange. Since 2002, there is a formation from Lombard Odier Hentsch & Cie into its current form. In 2002, there was an association of Darier Hentsch & Cie and Lombard Odier & Cie. In January 2004, Hentsch Henchoz & Cie became the Department of Lombard Odier Darier Hentsch & Cie. In January 2012, the name was changed to the present one. To date, the Bank has assets under management in the amount of $ 15.9 billion francs and liabilities reaching 15.4 billion and is the largest bank and quite flexible and mobile to provide personalized services to customers.
The bank has 1,900 employees and consultants. Lombard, Odier & Cie has 24 offices in 17 countries around the world. There is an official representative office in Moscow. There is Russian-speaking staff at offices in Zurich and Geneva.
Agreement on legal assistance with the Russian Federation was concluded; Agreement on avoidance of double taxation was concluded; AML legislation is strictly observed; Active membership in the OECD, FATF, Basel Commitee, Egmont Group and others.
ACCOUNT
Not required
Detailed
Personal, corporate
Savings
Meeting with a representative of the bank is required either in Moscow or in Switzerland, or during the visit the bank’s representative in Moscow (at least once a month)
Standard set of corporate documents, copy of the passport. If it is required to collect additional documents, the term of the account opening may inconsiderably increase
Calculated and perceived
Opening an account is possible without entry into the country of the bank
RATING
AA-
TERMS
800000 €
No restrictions
800000 €
Promptness of payment is on the same day, but the operating day ends at different time for different currencies
SERVICES AND COSTS
The cost of bank transfers executed on the same day is about CHF 20 and is determined depending on the currency.
Transfer of funds to the account is free of charge.
Servicing the account is connected to the amount of funds on the account, and is calculated as a percentage of the amount under management: for amounts up to 1 000 000 CHF the fee is approximately 0.4% (but not less than 2000 CHF), for the amount from 1 000 000 to 2 500 000 – about 0.375%. For increasing amounts the fee decreases regressively.
Payment limit on credit card is not set by the bank, but maximum amount of withdrawals via ATM is 1 000 CHF.
Insurance coverage to be blocked on the account for the purposes of securing spendings on credit cards is set by the bank card provider. For example, for payment limit of 10 000 CHF per month it will be necessary to block security deposit of 20,000 CHF.
Account management system via Internet, through e-services.
Specialization of the bank is a full range of management services for the client’s capital.
Cards of all payment systems are available: standard VISA and MasterCard, Gold, Platinum, Black American Express, Miles & More. Cost of maintenance is established by the provider of bank cards.
The fee for storage of statements is included in the cost of banking maintenance.
GENERAL INFORMATION
Name
Country
Official site
Faunded
History
Employees
Security
Lombard Odier & Cie
Switzerland
www.lombardodier.com
1796
In 1796, Hentsch & Cie company was founded by Henri Hentsch. In 1800, there was the financing of the Swiss National Bank. In 1907, the company became co-founder of the Swiss National Bank. In 1950, it was a pathbreaker in the development and sale of mutual funds in Europe. In 1979, it became the first European bank to obtain membership in the New York Stock Exchange. Since 2002, there is a formation from Lombard Odier Hentsch & Cie into its current form. In 2002, there was an association of Darier Hentsch & Cie and Lombard Odier & Cie. In January 2004, Hentsch Henchoz & Cie became the Department of Lombard Odier Darier Hentsch & Cie. In January 2012, the name was changed to the present one. To date, the Bank has assets under management in the amount of $ 15.9 billion francs and liabilities reaching 15.4 billion and is the largest bank and quite flexible and mobile to provide personalized services to customers.
The bank has 1,900 employees and consultants. Lombard, Odier & Cie has 24 offices in 17 countries around the world. There is an official representative office in Moscow. There is Russian-speaking staff at offices in Zurich and Geneva.
Agreement on legal assistance with the Russian Federation was concluded; Agreement on avoidance of double taxation was concluded; AML legislation is strictly observed; Active membership in the OECD, FATF, Basel Commitee, Egmont Group and others.
ACCOUNT
Terms of opening for admission (days)
Opening terms for cancellation (days)
Recommendations
Description of activity
Account type
Types of accounts
Departure to the bank
Required documents
Account opening, probability
Particularities during account opening
5
5
Not required
Detailed
Personal, corporate
Savings
Meeting with a representative of the bank is required either in Moscow or in Switzerland, or during the visit the bank’s representative in Moscow (at least once a month)
Standard set of corporate documents, copy of the passport. If it is required to collect additional documents, the term of the account opening may inconsiderably increase
Calculated and perceived
Opening an account is possible without entry into the country of the bank
RATING
Rating on loans
AA-
TERMS
Balance, minimum
Limit of transfers (per month)
An initial fee
Term of contribution (months)
Annual turnover (minimum)
Transaction speed
800000 €
No restrictions
800000 €
3
0 €
Promptness of payment is on the same day, but the operating day ends at different time for different currencies
SERVICES AND COSTS
Cost of translation
Cost of enrollment
Cost of account maintenance
Credit card restrictions
Insurance for credit cards
Access to the account
Bank services
Bank cards
Cost of extracts storing
The cost of bank transfers executed on the same day is about CHF 20 and is determined depending on the currency.
Transfer of funds to the account is free of charge.
Servicing the account is connected to the amount of funds on the account, and is calculated as a percentage of the amount under management: for amounts up to 1 000 000 CHF the fee is approximately 0.4% (but not less than 2000 CHF), for the amount from 1 000 000 to 2 500 000 – about 0.375%. For increasing amounts the fee decreases regressively.
Payment limit on credit card is not set by the bank, but maximum amount of withdrawals via ATM is 1 000 CHF.
Insurance coverage to be blocked on the account for the purposes of securing spendings on credit cards is set by the bank card provider. For example, for payment limit of 10 000 CHF per month it will be necessary to block security deposit of 20,000 CHF.
Account management system via Internet, through e-services.
Specialization of the bank is a full range of management services for the client’s capital.
Cards of all payment systems are available: standard VISA and MasterCard, Gold, Platinum, Black American Express, Miles & More. Cost of maintenance is established by the provider of bank cards.
The fee for storage of statements is included in the cost of banking maintenance.