The provider of wealth structuring solutions has opened a representative office in the French capital.

Lombard International Assurance, which provides wealth structuring solutions, has opened a representative office of a subsidiary, Lombard Intermediation Services in Paris.

The firm intends to strengthen links with partners such as private banks, family offices, wealth planners, as well as show off its expertise.

The office is managed by Régis Gaston-Breton, head of domestic French market, and Pierre-Alix Jean, relationship manager for France. Meanwhile, Zulmiro Da Costa and Julien Martin-Rosset, both senior RMs, are based in Luxembourg and Geneva respectively. Overall responsibility for the French market rests with Luca Bertacchi, regional director for Central & Southern Europe, based in Luxembourg, the company said in a statement today. 

The role of insurance-based structures in protecting and transferring wealth has been explored previously by this publication on a number of occasions. To see one such example of how they can be part of a wealth management toolkit, click here.

Régis Gaston-Breton previously worked as sales executive director in Paris for UBS Asset Management (France). With over 17 years specialising in the sector, he has extensive experience in the sales coverage of third party partners and internal wealth management channels, the firm said.

Pierre-Alix Jean previously worked as senior sales manager, covering corporates and institutional clients for HSBC Global Asset Management, KBL Richelieu Banque Privée and AXA Investment Managers. He has more than 13 years’ experience in the sector.

 Pierre-Alix brings specialist knowledge in the provision of tailored investment solutions. Axel Hörger, Chief Executive Officer Europe, commented: “We are very pleased to be opening a representative office in Paris to further consolidate our presence in the French market and to create stronger relationships with our key distribution partners.

“The Paris opening represents a strong opportunity for us in the wealth management space in France and supports our overall global expansion strategy,” Axel Hörger, chief executive for Europe, said.

The global group, branded as Lombard International, launched to market in September 2015 and has head offices in Luxembourg and Philadelphia.  Global assets under administration are in excess of $75 billion with a global staff number of over 500.