Lombard International Assurance, a global leader in wealth planning solutions for high-net-worth individuals and Stonehage Fleming, one of the world’s leading independently owned family offices, today announce a new strategic partnership.
The collaboration will allow Stonehage Fleming to offer its clients access to Lombard International Assurance’s unit-linked life assurance solutions. The solutions will be available in all of the 20 markets in which Lombard International Assurance is active or for which they have jurisdiction-specific offerings.
Unit-linked life insurance is an established and internationally recognised tool for the preservation of wealth. It is adaptable to the most complex of situations, and its robustness and flexibility make it highly complementary to other wealth management solutions. It can be tailored to suit the unique needs of individuals, their families and institutions, with the potential to optimise financial planning.
Axel Hörger, CEO of Lombard International Assurance commented: “We are delighted to be entering into a strategic partnership with Stonehage Fleming, whose strength of brand and reputation in the market are unrivalled. We share the same values and vision of delivering innovative and expert solutions to ensure our clients’ wealth can be protected, preserved and passed on. ”
Johan van Niekerk, Partner, Stonehage Fleming said: “I am pleased to announce that we are entering into this strategic partnership with Lombard International Assurance. They were pioneers in introducing the concept of using unit-linked life assurance for wealth planning. Their extensive knowledge and experience enhances our total wealth management capabilities and is a strong complement to our existing wealth planning tools.”
“We understand that the needs of our clients are constantly evolving. This collaboration demonstrates our commitment to continually enhance our offering to ensure we offer our clients best-in-class solutions, as we strive to lead the industry as a truly international family office.”
ABOUT LOMBARD INTERNATIONAL
Lombard International is a leading life insurance-based wealth solutions provider with over 25 years’ experience. We have the strength and expertise to provide wealth structuring solutions using unit-linked life insurance to ultra-high net worth individuals, their families and institutions around the globe.
The global group, Lombard International, launched to market in September 2015. With head offices in Luxembourg and Philadelphia, and serving over 20 markets across the United States, Europe, Asia and Latin America, we are able to provide multi-jurisdictional wealth planning solutions on a global basis with a deep understanding of local cultures and attitudes.
Global assets under administration are in excess of EUR41.2bn as of 31 December 2017. Our global team of approximately 600 includes more than 60 technical experts specializing in multiple jurisdictions.
Funds managed by Blackstone own Lombard International. Blackstone Group L.P. is one of the world’s leading investment firms with USD434 billion in assets under management as at 31 December 2017.
ABOUT STONEHAGE FLEMING
Stonehage Fleming is one of the world’s leading independently owned family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.
Stonehage Fleming provides a range of services from long-term strategic planning and investments to day-to-day advice and administration to well over 250 substantial families of wealth. The Group advises on over GBP45bn (USD55bn) of assets and includes an investment business with more than GBP9.9bn (USD12.8bn) under management for families and charities. Stonehage Fleming is majority owned by management and staff. The Group employs over 540 people in 11 offices in eight geographies around the world.
FOR FURTHER INFORMATION, PLEASE CONTACT:
For Lombard International Assurance
Tel. +44 (0) 203 7551 670
For Stonehage Fleming
Tel. +44 (0) 203 770 7907