Lombard Odier changed its legal structure in January 2014 and reported its H1/2014 results, the first public announcement. The bank made a consolidated net profit of $70m (CHF62.5m), holds total assets of $235bn (CHF211bn), of which $173bn (CHF156bn) under management, and a capitalization ratio of 23.8%.
During this announcement, Patrick Odier, one of its eight managing partners, mentioned that the bank had set aside a provision for the US tax dispute, but did not disclose amounts or details.
As a reminder Lombard Odier signed up at the end of December 2013 for the US Program under Category 2, i.e. banks are not already under investigation by the US Department of Justice (DoJ) but have reason to believe that they have committed tax-related offenses. The Category 2 banks seek Non-Prosecution Agreements (NPA).