Lombard International, a global leader in wealth structuring solutions, today announced the appointment of Axel Hörger as CEO Europe effective 1 February. He succeeds John Van Der Wielen, previously interim CEO, who will remain a non-Executive Director of the company.
Mr Hörger will report to John Hillman, Executive Chairman of Lombard International.
He joins Lombard International from his role as CEO at UBS Deutschland AG. In that position, he successfully led the re-engineering of the UBS governance model in Germany, increased operational and front-line efficiency across all business lines, introduced new technology and steered one of the biggest IT and operational projects, positioning the company for sustainable growth.
Prior to his time at UBS, Mr Hörger was Head of Institutional Sales for Goldman Sachs Asset Management in EMEA, leading client acquisition activities and defining market and product strategy across the region.
The announcement is part of a series of strategic developments for Lombard International including the formal launch, in September 2015, of its global life insurance-based wealth management business. This announcement followed the successful integration of Luxembourg-headquartered Lombard International Assurance with US-headquartered Philadelphia Financial.
In January this year, Lombard International announced the acquisition by Lombard International Assurance of Zurich Eurolife Luxembourg S.A.'s Private Banking Solutions business (subject to regulatory approval), as well as confirmation of its plans to expand into Asia with the appointment of Tammy Lu Tsui as CEO for Asia.
John Hillman, Executive Chairman of Lombard International, said: "We are extremely fortunate to have someone of Axel's calibre to assume the leadership of Lombard International in Europe. His experience in managing and developing successful financial services brands will prove invaluable as we seek to build out our franchise across Europe and towards our stated strategy of developing an industry leading and truly global wealth planning solutions business".
At Lombard International, Axel Hörger will be responsible for continuing the progress of the transatlantic business model to better serve the increasingly complex needs of high net worth individuals and their families. He will be based in Luxembourg, working closely alongside the Executive Chairman and the firm's global senior management team.
"I am excited to take responsibility for developing Lombard International's strategic growth plans and the continuing expansion of the European business with the objective of providing best in class, global wealth management solutions using life assurance", he said.
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.