Private equity giant eyes sale of Lombard International?
It is reportedly working with Bank of America Merrill Lynch following several offers
Blackstone
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Goldman Sachs to sell entire Rothesay Life stake
Goldman Sachs has agreed to sell its remaining stake in UK-based life insurer Rothesay Life to MassMutual Life Insurance and to funds managed or advised by investment firm Blackstone and Singaporean fund management company GIC.
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Lombard International targets Asia with new presence and CEO
Luxembourg and Philadelphia headquartered Lombard International is to open offices in Hong Kong and Singapore as a “significant” next step in its global expansion plans, under a new chief executive for the Asia region.
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Former FPI chairman Van der Wielen becomes Lombard Int’l CEO
John Van Der Wielen, the former Friends Provident International executive chairman, has stepped in to become chief executive of Lombard International, the life insurance-based wealth management business aimed at high net worth and ultra-high net worth clients.
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FPI could be sold Lombard Intl purchased
Friends Life has agreed to sell its Luxembourg-based Lombard International Assurance business to global investment group Blackstone for an initial consideration of £317m (399m).
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blackstone sets up office in singapore
Buoyed by the growing opportunities in the Asian region, alternative asset manager Blackstone, has set up its first office in Singapore.