La Mondiale Europartner Opens UK Wealth Management Office

Eliane Chavagnon

23 May 2012

Luxembourg-based La Mondiale Europartner, the international division of French insurer AG2R La Mondiale, has officially launched its high net worth wealth management operations in the UK.

A range of Retail Distribution Review-ready, tax-efficient and international investment portfolios aimed at HNW and ultra high net worth investors will be provided in partnership with wealth managers, private banks and other professional intermediaries, the firm said in a statement.

Additional key features include: a “dedicated fund” option - an investment structure unique to Luxembourg that provides access to a range of alternative and mainstream assets via a discretionary manager; access to the firm’s €36 billion (about $45.5 billion) multi-asset Guaranteed Capital Funds; a cross-border life assurance policy serving as a tax-efficient investment platform, and; tax-efficient/compliant portfolios across numerous EU countries, which also present tax benefits to UK residents, but not domiciled individuals.

“The Luxembourg regulatory framework is an ideal jurisdiction to do this, combining enhanced client protection with a flexible and highly sophisticated wealth management regime,” said Steve Whyburd, head of UK business development.

La Mondiale Europartner was founded in 1989 and has over €4 billion in assets under management. Its parent company, AG2R, has over €57 billion in AuM.