The firm, which provides wealth management solutions, has a new chief executive for Europe.

Lombard International has appointed former UBS senior executive Axel Hörger as chief executive for Europe, taking over from John Van Der Wielen, previously interim CEO, who remains a non-executive director. 

Hörger will report to John Hillman, chairman of Lombard International.  He joins the firml from his role as CEO at UBS Deutschland. Prior to his time at UBS, 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 firm, which operates in areas such as private placement insurance, said the latest announcement is part of a series of strategic developments, such as the formal launch, in September last year of its global life insurance-based wealth management business. That move came after the integration of Luxembourg-headquartered Lombard International Assurance with US-headquartered Philadelphia Financial. In January this year, Lombard International Assurance acquired Zurich Eurolife Luxembourg’s Private Banking Solutions business (subject to regulatory approval), as well as confirming its plans to expand into Asia with the appointment of Tammy Lu Tsui as CEO for Asia. 

Hörger will be based in Luxembourg.

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. It has head offices in Luxembourg and Philadelphia.  Global assets under administration are more than $75 billion with a global staff number of over 500.  Funds managed by Blackstone, the US-headquartered investment house, own Lombard International.

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