Lombard Odier Asset Management (USA) provides portfolio management for pooled vehicles and portfolio management for institutions. The firm advises 9 private funds.
Lombard Odier Asset Management (USA) reports 27 clients. They include 18 pooled investment vehicles and 9 other clients. Of its assets, 100.0% ($7.48B across 27 accounts) are managed with discretion. Of its clients, 81% are outside the U.S. It advised 11 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Pooled investment vehicles | 67% | 92% |
| Other | 33% | 8% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 18 | $6.92B | 92.5% | $385M |
| Other | 9 | $564M | 7.5% | $62.6M |
| Total | 27 | $7.48B | 100% | $277M |
- Clients
- 18
- Regulatory AUM
- $6.92B
- AUM share
- 92.5%
- Avg. per client
- $385M
- Clients
- 9
- Regulatory AUM
- $564M
- AUM share
- 7.5%
- Avg. per client
- $62.6M
Total
- Clients
- 27
- Regulatory AUM
- $7.48B
- AUM share
- 100%
- Avg. per client
- $277M
- Clients outside the U.S.
- 81%
- Clients advised without assets under management last fiscal year
- 11
- Private funds advised
- 9
Lombard Odier Asset Management (USA) is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Lo Holding Sa owns 75% or more of Lombard Odier Asset Management (USA) and is in turn owned by Compagnie Lombard Odier Scma (75% or more). Raymond Mouhadeb is CEO; the leadership team includes Chief Compliance Officer Elyse Strauss. It has 64 employees, 27 of them in advisory roles.
Leadership
- Raymond MouhadebChief Executive Officer; Chief Operating Officer, General Counsel
- Elyse StraussChief Compliance Officer
- Peter ClarkeDirector
- Hubert KellerChairman of the Board of Directors
- Jean-Pascal PorcherotDirector
Staff
- 64 employees
- 27 in advisory functions
- 4 soliciting firms
- Owns 75% or more of Lombard Odier Asset Management (USA) Corp
Lo Holding Sa
Control person · since May 2016
- Owns 75% or more of Lo Holding Sa
Compagnie Lombard Odier Scma
Control person · since January 2014
Hubert Keller
Managing partner · Control person · since January 2006
Frederic Rochat
Managing partner · Control person · since January 2010
Denis Pittet
Managing partner · Control person · since January 2017
Jean-Pascal Porcherot
Managing partner · Control person · since January 2022
Xavier Bonna
Managing partner · Control person · since January 2025
Alexandre Meyer
Managing partner · Control person · since January 2025
Lombard Odier Asset Management (USA)’s regulatory assets grew from $5.57B (March 2021) to $7.48B (March 2026); clients fell from 30 to 27 and employees were 64 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $7.48B | 27 | 64 | 8 |
| March 2025 | $5.72B | 27 | 74 | 8 |
| May 2024 | $8.28B | 33 | 79 | 5 |
| March 2023 | $8.11B | 33 | 79 | 3 |
| March 2022 | $7.76B | 31 | 83 | 3 |
| March 2021 | $5.57B | 30 | 65 | 4 |
Besides its headquarters, Lombard Odier Asset Management (USA) has 7 offices (4 private residences, listed without an address), with 4 listed addresses in the U.S. and abroad.
New York · 1 listed address
- 452 Fifth Avenue, 25th Floor, New YorkHQ
Texas · 1 listed address
- 2802 Caroline Street, Houston
International offices
- 6, AVENUE DES MORGINES, PETIT-LANCY, 1213, Switzerland
- QUEENSBERRY HOUSE 3, LONDON, W1S 3AB, United Kingdom
Contact and registration details
- Legal name
- Lombard Odier Asset Management (USA) Corp
- Headquarters
- 452 Fifth Avenue, 25th Floor, New York, NY 10018
- Website
- Not reported
- Phone
- 212-295-6200
- SEC file
- 801-72554
- Structure
- Delaware corporation
- Fiscal year end
- December
Lombard Odier Asset Management (USA) uses SS&C Technologies ($454M, 40%), State Street Global Markets ($377M, 33%) and Bank of New York Mellon ($149M, 13%), among others, as custodians for its separately managed accounts. Lombard Odier Asset Management (USA) has custody of $4B in client assets for 23 clients.
- Northern TrustNorthern Trust Corporation · Chicago, IL · $143M13%
- State Street Global MarketsState Street Global Markets, LLC · Boston, MA · $377M33%
- UBSUBS · London · $19.3M2%
- Bank of New York MellonBank of New York Mellon · New York, NY · $149M13%
- SS&C TechnologiesSS&C Technologies Inc · Windsor, CT · $454M40%
At year end, Lombard Odier Asset Management (USA)’s separately managed accounts were mostly in stocks (51%) and bonds (48%). Its reported 13F holdings for the quarter ended 30 June 2026 total $727M across 142 positions; the largest are American Airlines Group Inc. (put option) (15.1%), Apple Inc. (put option) (7.6%) and Rivian Automotive Inc. (put option) (4.3%).
What the accounts hold
- Stocks51%
- Bonds48%
- U.S. government and agency bonds23%
- High-yield corporate bonds16%
- Investment grade corporate bonds9%
- Cash2%
- Other1%
- Derivatives1%
Reported 13F holdings
- $727M
- Reported 13F value
- 142
- Positions
- 48.7%
- In the 10 largest
- −24.0%
- Value vs. prior quarter
- American Airlines Group Inc.Put15.1%
- Apple Inc.Put7.6%
- Rivian Automotive Inc. · Com CL APut4.3%
- iShares TR · 20 YR TR BD ETFPut4.2%
- Bristol-myers Squibb COCall3.6%
- Comcast Corp. New · CL ACall3.5%
- Gilead Sciences Inc.Call3.0%
- Bausch Health Cos Inc.Put2.7%
- Rivian Automotive Inc. · Note 4.625% 3/12.4%
- Merck & CO Inc.Call2.3%
Together, the ten largest are 48.7% of reported value.
How many clients does Lombard Odier Asset Management (USA) have?
Lombard Odier Asset Management (USA) has 27 clients and manages $7.48 billion for them, as of March 2026. They include 18 pooled investment vehicles and 9 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Lombard Odier Asset Management (USA) offer?
Lombard Odier Asset Management (USA) provides portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Lombard Odier Asset Management (USA) use?
Lombard Odier Asset Management (USA)’s separately managed account assets are held at SS&C Technologies Inc (Windsor, CT), with $454M, State Street Global Markets, LLC (Boston, MA), with $377M, Bank of New York Mellon (New York, NY), with $149M, Northern Trust Corporation (Chicago, IL), with $143M and UBS (London), with $19.3M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Lombard Odier Asset Management (USA) have?
Lombard Odier Asset Management (USA) has 0 investment adviser representatives registered with state securities authorities, out of 64 employees, and 27 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Lombard Odier Asset Management (USA) invest in?
At the end of its last fiscal year, Lombard Odier Asset Management (USA)’s separately managed accounts held 51% exchange-traded equities, 23% U.S. government and agency bonds, 16% high-yield corporate bonds, 9% investment grade corporate bonds, 2% cash and equivalents and 1% derivatives. It advises 9 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Lombard Odier Asset Management (USA)?
Lombard Odier Asset Management (USA)’s direct owner is Lo Holding Sa (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Lombard Odier Asset Management (USA) get paid?
Lombard Odier Asset Management (USA) is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Lombard Odier Asset Management (USA)?
Lombard Odier Asset Management (USA)’s main office is at 452 Fifth Avenue, 25th Floor, New York, NY 10018. Its phone number is 212-295-6200.