Jurgen Vanhoenacker, Lombard International Assurance’s executive director for sales and wealth structuring, Europe, talks to Christopher Copper-Ind on the company’s strategy, challenges and his vision for the future.
International Investment: What are the biggest challenges for the private client arena in 2018?
Jurgen Vanhoenacker: We feel that the biggest issue high net worth individuals (HNWI) face is the increasing internationalisation of wealth and the financial complexity this brings.
Clients who are only beginning to have business ventures in multiple jurisdictions, might have to dismantle their existing structures and replace them with solutions that support their international business or lifestyle. Asset managers on the other hand are faced with multi-jurisdictional reporting obligations that are laborious to handle. (...)
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