Lombard International, a global leader in wealth structuring solutions for high-net-worth individuals, today announced that it has opened an office in New York City. The new office will be used by Lombard International’s sales team as the firm looks to expand its offerings of high-net-worth solutions. The office will be located at 400 Park Avenue.
“New York City is a financial center for the U.S. and is home to one of the largest concentrations of advisors to high-net-worth individuals, families and institutions in the country,” says John Hillman, Executive Chairman of Lombard International. “The opening of this new office was a strategic initiative to cement our stake in the market, as we seek to increase our proximity to both new and existing clients and their advisors.”
Since Luxembourg-based Lombard International Assurance’s successful integration with Philadelphia Financial in September 2015, the firm has taken numerous steps to expand its presence including several key senior appointments to its U.S. team. The company also recently announced the firm’s 2015 financial results, which were recorded as the highest premium income figures in the company’s history.
“As we continue to expand our offerings and build out our executive team, it is important that we place Lombard International into key financial markets, positioning the firm as a leader in wealth structuring solutions with a global footprint,” said Hillman.
About Lombard International
Lombard International is a leading global life insurance-based wealth solutions provider, combining the strength and expertise of two specialist life insurance companies with over 20 years’ experience and market leadership in their respective fields. Lombard International provides wealth structuring solutions using private placement life insurance and annuity products to high-net-worth individuals, their families and institutions around the globe.
The global group, branded as Lombard International, launched to market in September 2015. With head offices located in Luxembourg and Philadelphia, a combined global presence enables Lombard International to serve clients’ complex needs on a global basis while being sensitive to local cultures and attitudes. The firm is an industry leader in providing multi-jurisdictional wealth planning solutions through its partner networks across the United States, Europe and Latin America.
Global assets under administration are in excess of USD 75 billion with a global staff number of over 500, including more than 60 technical experts specializing in 20+ jurisdictions.
Funds managed by Blackstone own Lombard International. Blackstone is one of the world’s leading investment firms with assets under management of over USD 330 billion.