ZURICH Jan 22 Former Deutsche Bank
risk chief Hugo Baenziger will become a managing partner of
Lombard Odier, the family-owned Geneva-based private bank said
"As we continue to grow our private client, institutional
and banking infrastructure businesses, Hugo's breadth of
expertise, especially in finance and risk management, will be a
significant advantage in our international expansion," said
Patrick Odier, Lombard Odier's Senior Managing Partner.
Lombard Odier is better known as the largest Swiss private
bank to say it would work with U.S. officials in a crackdown on
lenders suspected of helping wealthy Americans evade taxes
through hidden offshore accounts.
Lombard, with 225 billion Swiss francs in client assets,
reorganised its businesses last year to limit partners'
liability and increase transparency, widely seen as an attempt
to limit fallout from the U.S. probe.
(Reporting By Katharina Bart)