SOURCE: Lombard International Assurance S.A.

Lombard International Assurance S.A.

February 10, 2016 05:16 ET

Lombard International Assurance to Open Belgium Branch

LUXEMBOURG CITY, LUXEMBOURG--(Marketwired - February 10, 2016) -  Lombard International Assurance, the global leader in wealth structuring solutions, today announces its intention to open a branch office in Belgium in the second quarter of 2016, subject to regulatory approval.

The move is further evidence of the firm's ambitious global growth strategy with most recent development being the acquisition of Zurich Eurolife Luxembourg SA's Private Banking business (subject to regulatory approval).

The firm has previously been active in Belgium and the opening of a branch in Brussels further underlines its commitment to the market and its strategy to be the partner of choice for sophisticated wealth solutions using life assurance for the high and ultra high net worth segment.

John Hillman, Executive Chairman of Lombard International, said: 'We are excited to be opening a branch in Belgium, one of our longest standing markets in Europe. The move demonstrates our commitment to this important market as we seek to build out our franchise across Europe as the leader in our sector'.

Jurgen Vanhoenacker, Executive Director of Sales, Marketing and Wealth Structuring, stated: 'Our aim is to develop long-term strategic relationships with key wealth management partners globally. The opening of a new branch in Belgium is an important step in this direction and demonstrates our intent to continue to expand our offering to partners and their clients with on the ground expertise and servicing'.

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.

For further information about Lombard International visit: www.lombardinternational.com

Contact Information

  • Media Enquiries:
    UK/EU
    Andrew Waterworth 
    Prosek Partners 
    awaterworth@prosek.com
    +44 (0)20 3440 5802 

    USA

    Gabrielle Simon 
    Prosek Partners 
    gsimon@prosek.com
    +1 212 279 3115 ext. 108 

    Lombard International Assurance S.A.
    www.lombardinternational.com

    Head office
    4 rue Lou Hemmer
    L-1748 Luxembourg
    Grand Duchy of Luxembourg
    Tel +352 34 61 91-1
    Fax +352 34 61 90 
    R.C.S. Luxembourg ‡‚ B 37604 
    VAT LU 15902470
    Tax ‡‚ 1991 2204 696 

    Italian Branch/Sede secondaria italiana
    Piazza San Marco 3
    I-20121 Milano
    Italia
    Tel +39 02 3670 5260
    Fax +39 02 3670 5263
    P.IVA/Registro Imprese Milano
    n. 08441540963
    Iscrizione Albo IVASS della Sede
    secondaria italiana n. I.00121

    Representative offices in
    ROME | GENEVA | LUGANO | ZURICH