The team will be led by Ahmed Husain, Head of Family Offices Europe, which will focus on expanding relationships with European single family offices with a net worth of over GBP 1billion. He will be supported by Caroline Crochet, Family Office Relations, and the team, based in London, reports to Carolina Minio-Paluello, Global Head of Sales and Solutions.
Ahmed joins from Altice Capital where he was a Partner for two years, responsible for managing the firm’s EUR 500million liquid portfolio, including credit and equity investments. He was previously a Managing Director at Goldman Sachs, where he spent eight years, most latterly advising European Ultra-High Net Worth individuals and their family offices. Ahmed also spent seven years at Lehman Brothers, building and growing the Structured Credit business.
Caroline Crochet previously was at Northern Trust for over five years, where she held a number of roles including Client Development Manager for the EMEA region in the Global Family & Private Investment Offices team, supporting Family Offices by providing asset administration, investment management, trust and fiduciary solutions. Prior to this, Caroline worked in the Middle East for an international logistic company in Dubai.
Carolina Minio-Paluello, Global Head of Sales and Solutions, comments, “The creation of the family office team is in part a natural progression of our distribution model. It is also in response to a growing demand from family offices for our innovative and specialist investment products that help investors face the challenges created by unprecedented low yields and the intervention of central banks.
“Our heritage as an asset manager that is part of a privately owned banking group gives us an intimate understanding and track record of managing the invested assets of families and with Ahmed and Caroline’s expertise, we hope to grow our coverage of family offices across Europe.”
About Lombard Odier IM:
Lombard Odier Investment Managers is the asset management business of the Lombard Odier Group, which has been wholly owned and funded by its partners since its establishment in 1796.
Our independent structure and our partners’ involvement in the day-to-day management of the firm allow us to focus entirely on our clients’ needs, fostering trust and alignment of interest. Throughout our history, we have been rethinking the old and embracing the new in our efforts to help our clients achieve their objectives in a changing world.
We provide a range of investment solutions to a group of clients that are all long-term oriented in their many and diverse ways. Our heritage, and our combination of the best of conservatism and innovation, keeps us well-positioned to create lasting value for our clients. Our investment capabilities span Fixed Income, Convertibles, Equities, Multi-Asset, Alternatives and Impact Investing.
With 128 investment professionals, we are a global business with a network of 13 offices across Europe, Asia and North America and assets under management of 45 billion CHF (as at 31 December 2016).