Mizuho Financial Group and Lombard Odier that Mizuho Financial Group and Lombard Odier Trust (Japan), part of the Lombard Odier Group, have entered into a strategic alliance agreement, with the aim of enhancing the private banking offering and services to  Japanese high-net-worth individuals.

Mizuho Financial Group said in a statement on 16 February that it "will be able to provide more advanced and fully-fledged wealth management services to Japanese high-net worth clients by offering products and services that leverage the high expertise and global network of Lombard Odier, in addition to Mizuho Financial Group's current suite of products and services".

As well as providing new products and services, Mizuho Financial Group and Lombard Odier "will further enhance their client servicing excellence through personnel exchanges between the two financial institutions and the participation of Mizuho employees in Lombard Odier's training programmes".

The strategic alliance builds on an existing relationship between their respective Singapore subsidiaries Mizuho Securities (Singapore) and Lombard Odier (Singapore), which was forged in 2018.

Mizuho Financial Group said its current products and solutions "meet the diverse and sophisticated needs of high-net-worth individuals and their families, including asset management, real estate, inheritance and succession planning, and philanthropy".

In addition, in 2021, it launched "Mizuho Connected Services", a new membership service for its ultra high-net-worth clients that
provides a ‘one-stop' service that caters to their wide range of needs.

Lombard Odier, one of the oldest private banks in Switzerland with over 225 years of experience, is a global wealth and asset manager, and a leader in sustainable investing.

Lombard Odier has been present in Asia for over 35 years, providing a comprehensive offering of wealth services to leading families and entrepreneurs in the region, and supports the transition to a sustainable world using rigorous methodology, a scientific framework, and a wide range of investment solutions.