Lombard International Assurance has named a new head of distribution, while similarly named but-not-to-be-confused-with Lombard Odier Investment Managers has brought an entire investment team on board. The Investment Association is on the recruitment hunt for a new chair.
Luxembourg and Philadelphia-headquartered Lombard International has received approval for a brokerage licence for its Hong Kong subsidiary, Lombard International Brokers.
Lombard International Assurance has opened a representative office in Paris as part of its ongoing plans to further develop its cross-border presence in multiple markets around the world.
Lombard International has named a new chief executive for its US operations, while Axa IM has announced a senior departure. Nutmeg’s chief executive has stepped aside, with a Columbia Threadneedle veteran bowing out of the industry after a 32-year career.
Lombard International has opened its first office in New York City, identifying it as a key financial centre for new and existing clients.
Re-launched global brand Lombard International has reported a massive 66% increase in income from new business premiums in the US, compared to a more modest 13% rise from its European operations.
Lombard International Assurance, a provider of wealth structuring solutions for high net worth clients, has launched a new wealth planning product designed to meet the needs of US taxpayers and prospective US residents currently residing in the UK.
Lombard International has named former UBS Deutschland chief executive Axel Hörger as head of its European operation, succeeding current incumbent John Van Der Wielen.
Lombard International Assurance is to buy the Luxembourg-based private banking division of Zurich Eurolife S.A.
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.
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.
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).
