*"High-net-worth families in Asia are increasingly seeking cross-border wealth solutions that align with their global lifestyles and succession planning needs," said Stuart Parkinson, CEO of Lombard International. "Our expansion reflects a commitment to meeting this demand with tailored, innovative offerings."*
Lombard International, a global leader in wealth and succession planning solutions, has announced the expansion of its Private Placement Life Insurance (PPLI) services in Asia, a move poised to redefine the wealth management landscape in the region. The Luxembourg-headquartered firm, renowned for its expertise in structuring sophisticated wealth preservation strategies, is leveraging its international network to cater to the growing appetite for tax-efficient, cross-border wealth planning among Asia’s ultra-high-net-worth individuals (UHNWIs).
This strategic expansion comes at a time when wealth creation in Asia is surging at an unprecedented pace. According to a 2023 Capgemini World Wealth Report, Asia-Pacific now accounts for nearly 40% of the world’s UHNWI population, with China, Singapore, and Hong Kong emerging as pivotal hubs. Lombard International’s decision to deepen its footprint in the region aligns with these macroeconomic trends, as wealthy families increasingly seek solutions to address complex challenges, including multi-jurisdictional tax regimes, intergenerational wealth transfer, and asset protection.
PPLI, often described as a “wealth planning Swiss Army knife,” is a bespoke insurance-based solution that enables clients to consolidate and manage their global assets within a tax-advantaged framework. By integrating these policies into their wealth structures, clients can achieve not only tax deferral benefits but also enhanced confidentiality and robust succession planning mechanisms. Lombard International’s entry into the Asian market with this flagship offering signals its recognition of the region's unique demographic and regulatory considerations, as well as its growing sophistication in wealth management preferences.
*"Our clients are not merely looking for tax efficiency; they are looking for peace of mind," noted Vincent Royer, Lombard International’s Head of Asia. "PPLI offers a holistic solution that blends asset protection, estate planning, and long-term legacy preservation, all within a robust and compliant framework tailored to each jurisdiction."*
The firm’s expansion strategy is underpinned by a dedicated team of specialists in Hong Kong and Singapore, two jurisdictions that have cemented their status as wealth management powerhouses in Asia. By establishing local expertise coupled with its global infrastructure, Lombard International is well-positioned to navigate the complexities of regulatory compliance and cultural nuances in the region.
As Asia continues to ascend as a global wealth epicenter, Lombard International’s move underscores the critical importance of innovation and adaptability in meeting the nuanced needs of UHNWIs. By providing sophisticated, cross-border solutions like PPLI, the firm is not only consolidating its leadership position but also setting a benchmark for the future of wealth planning.
(Editors: admin)