Swiss private bank Lombard Odier is actively investigating one of its portfolio managers in connection to ongoing probes into manipulation of the Libor interest rate.

The trader has been suspended, pending that review.

The portfolio manager worked for the wealth management arm of the bank, and had been named in a Financial Times article this week as being linked to a trader at Barclays under scrutiny for alleged market manipulation.

The alleged Libor activity occurred while the traders were with French bank Credit Agricole.

Lombard Odier is a bank focused on wealth management for private and institutional clients, and it said in a statement, it never had a role in setting key inter-bank lending rates.