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Swiss bankers association to remain in family hands

Patrick Odier (pictured), of Lombard Odier Darier Hentsch & Cie private bank, has been elected as the next chairman of the Swiss Bankers Association.

The Swiss Bankers Association is the professional organisation of the Swiss financial centre, representing the interests of Swiss banks both in Switzerland and abroad. It is once-again trusting its chairmanship to a banker from a family-run institution. Odier is a senior partner at LODH&C, reportedly Switzerland's oldest bank that has been family run for seven generations.

Odier will succeed Pierre Mirabaud in September 2009, when Mirabaud will step down after six years serving as chairman. Mirabaud, 60, is stepping down for personal reasons and will also step down from his role at his family bank Mirabaud & Cie, founded in Geneva in 1819. The family presence will continue with sixth generation Yves Mirabaud who is a limited partner at Mirabaud & Cie.

Swiss banks have come under the spotlight recently for issues regarding transparency. Odier said: "Protecting financial privacy in terms of data protection for all bank clients will remain an important responsibility for us as Swiss bankers in future".

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