Lombard Odier global CIO to retire

Jan Straatman will retire as global chief investment officer at Lombard Odier Investment Managers at the end of the year.

Mr. Straatman joined the 45 billion Swiss franc ($47.6 billion) money manager as global CIO in 2012 to strengthen and streamline the firm's investment strategies and develop its autonomous multiboutique divisions.

Mr. Straatman will not be directly replaced; his responsibilities will be assumed by the heads of each division, said a spokeswoman. Those leaders are Nathalia Barazal, head of convertible bonds; Yannik Zufferey, CIO of fixed-income; Didier Rabattu, head of equities; Theodore Economou, CIO of multiasset; and Jean-Pascal Portcherot, head, 1798 strategies, the firm's hedge fund unit.

Mr. Straatman will remain an adviser to the firm and on the funds' boards after retirement.

"(Mr. Straatman's) vision has always been to position Lombard Odier IM as a specialist multistrategy player providing quality investment solutions for our clients," said CEO Hubert Keller in a news release. "His hard work, deep understanding of investment processes and risk management, and his very effective management style has considerably helped us to achieve this goal. I wish him well as he embarks on this new chapter in his life."