The world’s leading wealth structuring solutions firm is celebrating its 25th anniversary with the reaffirmation of ambitious plans for continued growth and development of the business across Europe, USA, Latin America and Asia.
In the year Lombard International Assurance was founded in Luxembourg, 1991 has widely been regarded as the year:
- that saw the end of the Cold War and the collapse of the Union of Soviet Socialist Republics
- when the Dow Jones Industrial Average closed above 3,000 for the first time ever, at 3,004.46
- when the space shuttle Discovery launched the Hubble Telescope
- when the first Starbucks Coffee outlet opened (in California)
- when the first Sonic the Hedgehog game was published by Sega
- and when the World Wide Web went live to the world without pomp or ceremony
Founded in 1991 and following the successful integration of Lombard International Assurance with US-headquartered Philadelphia Financial in September 2015, Lombard International group is now regarded as the market leader in succession and wealth planning for high net worth individuals and their families across the globe.
Ian Berry, Executive Director, Operations has worked for Lombard International Assurance since its formation in 1991. In his role, responsible for middle and back office functions in Europe, he reflected:
“From five of us in 1991 to over 500 members of staff some 25 years later across the globe; from zero to €80bn; from a start up to a truly global operation - it has been an extraordinary journey and a hugely exciting professional challenge.”
Today, the combined Lombard International group has:
- Assets under administration of over $80 billion
- Over 500 employees, including 60 technical experts in wealth structuring, tax law and unquoted assets
- Countries of activity: 20+
- Main offices in Philadelphia and Luxembourg
- Additional offices in Brussels, Milan, Geneva, Lugano, Zurich, Rome, New-York, Miami, Hong Kong and Singapore
As the global financial services landscape continues to evolve reflecting significant changes in regulation, on-going market consolidation, continued innovation in technology and growth in new emerging markets, John Hillman, Executive Chairman observed:
“I would like to thank all our partners and clients for their support over the last 25 years. Looking ahead, the next 25 years will be equally important for high net worth families as legacies and multi-generational inheritances become more international. With individuals living longer, becoming more global and the geopolitical landscape becoming ever more complex, developing long-term flexible wealth structuring solutions has never been more important.”
Hillman continued: “One of the key drivers of change over the last 25 years has undoubtedly been the surge in technological developments. Such change has triggered major advances in the manner in which firms such as ours have had to embrace innovation, digitalisation, functionality and service.
“We have always remained at the forefront of such change and we indeed look forward in the coming months to announce new developments in this area which will further enhance the way we serve our Partners and their clients for the next quarter century.”
About Lombard International
Lombard International 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 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. 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 80 billion with a global staff number of over 500, including more than 60 technical experts specialising in 20+ jurisdictions.
Funds managed by Blackstone own Lombard International. Blackstone is one of the world’s leading investment firms with over $360 billion in assets under management.