Under the terms of the deal, Oddo & Cie will work with China's Guosen Securities to coordinate both firms' asset management and investment banking capabilities. Guosen is one of the largest state-owned financial services firms in China with over 70 branches across 47 cities. The partnership is expected to produce two new funds by year-end. 

The first fund focuses on renminbi bonds issued by Chinese companies and will be managed and distributed by Oddo across Europe. Guosen will act as advisor to fund. The second fund will lean more toward global luxury and lifestyle and will be managed by Guosen in China. It will invest in high-profile brand names in the luxury industry.

On the investment banking front, both firms will advise French companies looking to hold initial public offerings in China or Hong Kong markets, and vice versa, with Chinese companies seeking to access Europe. 

Oddo is not the only Swiss bank to have partnered with an Australian firm. In October 2011, Julius Baer signed an agreement with Macquarie Group for private and investment banking opportunities in North and Southeast Asia.