The Luxembourg-based Odax Wealth Partners group is continuing its expansion with the opening of Odax Wealth Partners France. Located at 50 avenue des Champs-Élysées in Paris, this new structure marks a further step forward for the firm founded in Luxembourg by Baudouin Mallez. The Paris location targets a predominantly French client base, but whose assets now extend well beyond national borders.

“Most of our clients are French, but their assets are becoming increasingly international,” said Baudouin Mallez in a press release issued on Friday 13 March, adding that the firm sees its presence in Paris as a way of “strengthening cross-border support between France, Luxembourg and other European financial centres”.

Recruitment underway

The group, which employs two staff members in Luxembourg City, operates as an independent family office, charged exclusively on a fee basis with no retrocommissions on financial products. The firm specialises in wealth management strategy, coordinating legal and tax advice, and providing support for specific investments such as luxury property and private equity. The firm plans to recruit a director for its French office.