Kleinwort Benson appoints Lombard Odier’s Tennant

Kleinwort Benson Bank has appointed Sally Tennant, formerly of Swiss private bank Lombard Odier, as chief executive, effective from mid-January 2011.

Meanwhile, Frédéric Rochat has assumed responsibility for Lombard Odier’s activities in London.Tennant replaces Robert Taylor, who joined Kleinwort Benson as CEO in 2004.

Kleinwort Benson aims to strengthen its asset management and corporate advisory offerings and expand its capabilities across Europe. Its commitment to these business lines was demonstrated by the completion of the acquisition of KBC Asset Management, subject to FSA regulatory approval. KBC has been renamed Kleinwort Benson Investors Dublin. The purchase brings the group’s assets under management to more than €10bn.

On the other hand, Rochat mandate at Lombard Odier is to help develop its presence in the fields of private and institutional management in London. The private bank is currently active in both fields. In the last three years it has attracted a number of senior private bankers to service UK-based and international clients. In institutional asset management Lombard Odier has significantly increased its fixed income and equity long/short teams.