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Lombard International Assurance Swoops In On Private Banking Business In Luxembourg
Amisha Mehta
11 January 2016
allows us to leverage our resources effectively to serve our target market by providing best-in-class, holistic wealth planning solutions for clients across the globe,” said John Hillman, executive chairman of Lombard International. “The decision to sell our Private Banking Solutions Business in Luxembourg is in line with Zurich Insurance Group’s strategy to focus its investments on businesses and markets where it has a strong and competitive position. In Luxembourg, we continue to focus on corporate risk and savings solutions,” said Xavier Nevez, chief executive of Zurich Eurolife. Lombard International, which has over $75 billion in global assets under administration, recently announced plans to open its first offices in Asia and appointed Tammy Lu Tsui as CEO of the region, .