26 June 2014

KBL epb signs MoU with Lombard Odier to explore partnership in IT  

Two parties to commence in-depth feasibility study, followed by potential pilot projects

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KBL European Private Bankers (KBL epb), the Luxembourg-headquartered private banking group, announced today the signing of a memorandum of understanding with Lombard Odier, the Geneva-headquartered private bank, to explore a partnership that would potentially support KBL epb Information Technology activities.

Under the terms of the agreement, the two parties will shortly commence a feasibility study to gauge the potential effectiveness of this strategic partnership to leverage Lombard Odier’s existing processes and systems at KBL epb. Based on the conclusions of that study, the two parties may then proceed with pilot projects to assess further the project’s ability to deliver desired outcomes.

“Drawing upon our own skilled resources – supported by the specialist expertise of Lombard Odier – this project has the potential to help us more effectively meet the evolving needs of our clients,” said Yves Stein, Group CEO, KBL epb. “While we review and test this project over the next few years, we will continue to invest in a portfolio of new and enhanced products, such as digital applications and CRM tools.”