Philanthropy

Lombard Odier Partners With Global Fund To Combat Diseases

Tom Burroughes Group Editor 24 January 2018

Lombard Odier Partners With Global Fund To Combat Diseases

​The partnership will, for example, look at structures allowing investors to share a chunk of the gains they receive from putting capital to work.

Swiss private bank Lombard Odier has teamed up with the Global Fund, a public-private partnership group fighting diseases such as tuberculosis and AIDS, to rethink approaches to investment and philanthropy to help with health challenges.

The partnership will, for example, look at structures allowing investors to share a chunk of the gains they receive from putting capital to work. These efforts will also be designed to support the United Nations’ Sustainable Development Goals more broadly, particularly the first five: no poverty, zero hunger, good health and well-being, quality education and gender equality.

“Investors face two significant and simultaneous challenges: they need their capital to work hard to meet their financial goals, but they also have a part to play in shaping the kind of future we all want,” Patrick Odier, senior managing partner, Lombard Odier, said. 

Banks such as Lombard Odier are making a point about using private capital to combat problems such as child poverty, disease, educational disadvantages and environmental pollution. As reported elsewhere by this publication, UBS recently stated how it is ramping up its efforts in areas around sustainable development. Such efforts are part of a wider effort by banks around socially responsible/impact investment, sometimes out of a desire to appeal to younger or potential HNW clients.

The institutions say private capital must be put to better use to end HIV, TB and malaria as epidemics, and build strong, resilient systems for health. There is a funding gap of $20 billion has been identified around the difference between what is needed and what exists to pay to fight the three diseases in countries where the Global Fund invests.

The Global Fund partnership has saved 22 million lives since 2002, and invests nearly $4 billion a year to support programmes run by local experts in more than 100 countries, Lombard Odier said in its statement.

Ambassador John Simon, vice chair of the Global Fund said: “We are partnering with Lombard Odier as they share our focus on innovation, delivering tangible results and commitment to making a positive impact on some of the world’s most pressing health concerns. Infectious diseases are one of the most serious risks facing humankind today, but more money is needed if we are going to succeed in our efforts to eradicate them. It is imperative that we find new ways to help more people contribute, and to make those contributions work harder so every dollar makes a bigger impact. This is what we are working to achieve in this partnership.”

 

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