This news service understands that the change is taking place as the predecessor steps down for another role at the bank after a stint of 17 years.

Lombard Odier has appointed former UBS senior figure Ali Janoudi as its new markets region head, responsible for pursuing the bank’s growth strategy in the Middle East in particular.

The move comes as Arnaud Leclerc, who has built the Swiss firm’s presence and client base in the Middle-East for the past 17 years, has decided to hand over his managerial responsibilities. Leclerc will take on a new position focusing on serving key clients and supporting the region, this news service has learned. 

Janoudi, who will be taking up the post with effect from 1 April 2024, will join the private clients executive committee and report to Frédéric Rochat, managing partner at the Geneva-headquartered private bank.

With experience gained working in New York, Paris and Switzerland, Janoudi most recently worked at UBS, serving in various leadership roles for 13 years, including head of Central and Eastern Europe, Middle East, Africa and most recently as group head of Middle East and Africa.