Wealth and asset managers are expected to favor US equities following the recent presidential election, with significant gains in major indices like the Dow Jones and S&P 500. Analysts predict that Republican policies will boost inflation and growth, benefiting small-cap stocks and the dollar, despite potential geopolitical risks and trade tariffs. The outlook for US Treasury markets appears more stable, easing concerns over the congressional budget impasse.
Donald Trump's potential return to the presidency could lead to a more dynamic US economy, with higher growth and inflation, according to economists. While sectors like energy, defense, and technology may benefit, concerns about geopolitical tensions and a fragile transition period could create market volatility. Experts warn of Trump's desire for greater control over monetary policy, raising questions about the integrity of the US financial system and democratic institutions.
Lombard Odier has appointed Nicolas Walon as the new Head of Global Market Services, effective March 2025. With 25 years of experience in cross-asset derivatives, he joins from Bank J. Safra Sarasin, where he led Financial Engineering, and has held senior roles at major investment banks in London and New York. Paul-Andre Pittard is currently overseeing the division on an interim basis.
Lombard Odier is expanding its presence in the UK, having doubled its business since 2018 and recently appointing Chris Bonello as Head of the UK and Northern Europe Desk and Mark Goddard as CEO in London. Despite challenges post-Brexit, the bank is optimistic about growth, supported by a financial services agreement between the UK and Switzerland. With a team of 75, Lombard Odier emphasizes tailored solutions for high-net-worth clients and is set to move into new offices in the City of London by the end of December.
The Japanese yen is nearing three-month lows against the U.S. dollar, recently trading at 152.82, primarily due to its status as the lowest-yielding G10 currency. Despite the narrowing interest rate differential, the yen remains unattractive for long-term holding, compounded by market volatility linked to U.S. political developments and Japan's upcoming elections. Analysts suggest that further yen weakness could prompt intervention from Japanese authorities, as public sentiment grows increasingly concerned about the currency's depreciation.
Lombard Odier is optimistic about Japanese equities, viewing the market as favorable regardless of the US election outcome. John Woods, the firm's Asia chief investment officer, noted that a Trump victory could stabilize or strengthen the dollar, benefiting Japanese stocks, while a win for Kamala Harris would likely eliminate tariffs, further boosting the market.
Lombard Odier has appointed Mark Goddard as the new CEO of its UK wealth management division, effective 26 November, pending regulatory approval. Goddard, who has over 19 years of experience at UBS, will lead the private client division in London and report to Duncan MacIntyre and Stephane Herrmann.
Lombard Odier has appointed Mark Goddard, a 20-year veteran of UBS, as its new UK CEO, succeeding Duncan MacIntyre, who has led the business for eight years. MacIntyre will continue with the firm as a limited partner and UK region head at Lombard Odier Private Bank. Goddard will report to both MacIntyre and Stephane Herrmann, CEO of the Lombard Odier group.
Lombard Odier has appointed Mark Goddard as its UK CEO, following nearly 20 years at UBS, where he was the head of UK high net-worth wealth. Goddard will lead the London office for the private client division, reporting to Duncan MacIntyre and Stephane Herrmann. His experience in serving entrepreneurs is expected to be crucial as the firm aims to expand its presence in this key client segment.
Lombard Odier has appointed Mark Goddard as the new CEO of its UK operations, effective November 26. Based in London, he will oversee the private client division and report to Duncan MacIntyre and Stephane Herrmann. Goddard, who previously led UBS's UK High Net Worth division, brings extensive experience in banking and client management.
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