Lombard Odier Darier Hentsch is to see the departure of Steven Ferguson, its head of trust and corporate services in Nassau in the Bahamas, when his contract finishes at the end of this month.

Ferguson has headed the Nassau trust and corporate function business for two years; details of his next role have yet to emerge, although he is understood to be moving to a competitor in the Bahamas.

Before joining Lombard Odier Ferguson had spent four years with HSBC Private Bank’s trust company, having joined from Credit Suisse Trust.

Ferguson’s responsibilities will be apportioned internally, a spokesperson for Lombard Odier told WealthBriefing.

In other news at the Swiss private banking group, earlier this month Lombard Odier announced a tie-up with Australian wealth manager JBWere to tap the demand for portfolio diversification from Antipodean high net worth investors. 

The partnership will allow clients of JBWere, which is 80.1 per cent owned by National Australia Bank and 19.9 per cent backed by Goldman Sachs, to trade internationally across a range of asset classes and access FX hedging, custody and reporting. JBWere has A$13 billion ($13.6 billion) in funds under management. 

Meanwhile, Lombard Odier will benefit through being able to enter the Australian market through the domestic network base of JBWere.

The service is available to investors with A$1 million and above to invest.