The firm also saw an increase in operating income for H1 2017, which it said is due to asset growth and increased client activity.

Geneva-headquartered wealth manager Lombard Odier has reported a 13 per cent increase in net profit in the first half of 2017, compared to the same period last year.

Net profit rose to SFr69 million ($72.1 million) from SFr61 million in H1 2016. Total client assets swelled by 4 per cent to SFr242 billion at the end of June 2017, up from SFr233 billion at 31 December 2016.

Operating income for the first half of 2017 was SFr536 million, 5 per cent higher than the previous year. The firm has said this is due to asset growth and increased client activity.

The operating cost/income ratio stood at 82 per cent for H1 2017.

Basel III CET1 ratio, which is a measurement of a bank's core equity capital compared with its total risk-weighted assets to highlight a bank’s stability, was logged at 28.7 per cent at end-June 2017. It is expected that all banks should meet the minimum requirement CET1 ratio of 4.5 per cent by 2019.

“This positive start to the year is the result of focused efforts across all three of our business lines,” said Patrick Odier, senior managing partner. “The group’s financial performance reflects the constant improvement in our offering and client servicing, our investments in technology and digital solutions, and our strategy to serve an international and demanding client base, across a diversified set of activities in private clients, asset management and technology for banking. We will continue investing for growth, as we look ahead to our 222nd anniversary in 2018, and the strategic move of our headquarters to a new single site in Bellevue, Geneva."