Lombard International, a global leader in wealth structuring solutions for the high net worth market, today announced that the company’s Executive Chairman, John Hillman, has been named Ernst & Young’s 2016 Entrepreneur of the Year for the Greater Philadelphia area in the Business and Financial Services category. Hillman was selected among 36 finalists in consideration for the award, which was announced at a special gala on June 9th in the Terrace Ballroom at the Pennsylvania Convention Center.
The EY Entrepreneur of The Year® award, recognizes entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Winners are selected by a panel of judges based on their ability to inspire others with their vision, leadership and achievement.
“It is an understatement to say what an honor it is to be named EY’s entrepreneur of the year for the Greater Philadelphia area,” said Hillman. “Lombard International is pioneering a host of wealth structuring solutions that reflect the complexity of our customers’ lives and are flexible and responsive to the ever-changing regulatory landscape. I’m proud to be recognized for the meaningful work we’ve been able to accomplish, and look forward to building on the momentum we have created to enable us to be a market leader in all four regions in which we operate around the world.”
Hillman founded Philadelphia Financial, the precursor to Lombard International in the US, in 1996 to provide innovative wealth solutions for the high net worth market. Since then, he has expanded the firm into major financial markets around the world, and has pioneered a suite of strategic wealth structuring solutions for high net worth individuals, families and their representatives. Under Hillman’s direction, Luxembourg-based Lombard International Assurance completed the acquisition of Philadelphia Financial in 2015, creating a leading, global provider of insurance-based solutions for the high and ultra-high net worth market. In addition, Lombard International recently announced the company’s 2015 financial results, revealing the highest premium income figures in the firm’s history.
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.
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.