Lombard International Assurance, the global leader in wealth structuring solutions, today announces its intention to open a branch office in Belgium in the second quarter of 2016, subject to regulatory approval.
The move is further evidence of the firm's ambitious global growth strategy with most recent development being the acquisition of Zurich Eurolife Luxembourg SA's Private Banking business (subject to regulatory approval).
The firm has previously been active in Belgium and the opening of a branch in Brussels further underlines its commitment to the market and its strategy to be the partner of choice for sophisticated wealth solutions using life assurance for the high and ultra high net worth segment.
John Hillman, Executive Chairman of Lombard International, said: 'We are excited to be opening a branch in Belgium, one of our longest standing markets in Europe. The move demonstrates our commitment to this important market as we seek to build out our franchise across Europe as the leader in our sector'.
Jurgen Vanhoenacker, Executive Director of Sales, Marketing and Wealth Structuring, stated: 'Our aim is to develop long-term strategic relationships with key wealth management partners globally. The opening of a new branch in Belgium is an important step in this direction and demonstrates our intent to continue to expand our offering to partners and their clients with on the ground expertise and servicing'.
About Lombard International Assurance
Lombard International Assurance is a leading 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 Assurance provides wealth structuring solutions using unit-linked life insurance 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.
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 over $330 billion in assets under management.