Lombard International, a global leader in wealth structuring solutions for high net worth investors, today announced the appointment of Tammy Lu Tsui to CEO of the Asia region and its intent to open two new brokerage offices in Asia.
Subject to the necessary regulatory approvals, the new Lombard International subsidiaries are to be named Lombard International Hong Kong, Ltd. and Lombard International Singapore Pte. Ltd. and will be located in Hong Kong and Singapore, respectively. Lombard International currently has regional headquarters in Philadelphia and Luxembourg and is owned by funds managed by Blackstone Group L.P. (Blackstone).
Ken Kilbane, Executive Vice President, Global Distribution for Lombard International, commented: “Tammy brings an extensive network of long-standing relationships and deep expertise in the Asian insurance and wealth management market. Under her leadership, the group’s expansion into Asia represents a significant step for Lombard International’s strategic ambitions globally. Benefitting from her extensive experience and reputation in the market, we are well placed to start recruiting high quality brokers that specialize in the high and ultra-high net worth markets, as well as to lay the foundations for future expansion in Asia beyond Hong Kong and Singapore.”
Tammy Lu Tsui brings over 20 years of experience as an insurance professional. Throughout her career, she has focused on the high and ultra-high net worth markets, most recently as the Deputy Chairman in Greater China for Jardine Lloyd Thompson Group. Prior to this, she was Regional Managing Director of Private Risk at AON where she focused on private risk management in the Wealth Planning division. She also owned a general agency with Transamerica and served in a variety of capacities including sales management, business development and distribution.
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, issuing life insurance policies and annuities from the United States, Luxembourg, Guernsey and Bermuda.
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.