People moves: Butterfield Guernsey, Lombard Int’l Assurance, Cigna

Guernsey’s Butterfield names Colleen McHugh

Butterfield Bank (Guernsey), the Guernsey banking subsidiary of Bermuda-based  Bank of NT Butterfield & Son, has named Colleen McHugh head of wealth management, a new role at the company.

McHugh, a chartered wealth manager with more than 18 years’ experience, will work closely with the bank’s private banking and asset management teams “to build a cohesive strategy to develop the business”, the bank said in a statement.

It said her previous experience had included “a range of jurisdictions, including the UK, Ireland, Bermuda, Cayman and the Isle of Man”.

McHugh comes to Butterfield from Barclays, where she had been a corporate investment specialist, Butterfield said.

She holds an economics degree and an MBA in banking, is a fellow of the Chartered Securities Institute, and holds a National Association of Securities and Dealers Association Series 7 and UK Registered Representatives qualifications.

She is pictured above, with Butterfield Bank (Guernsey) managing director Richard Saunders.

The Bank of NT Butterfield was established in Bermuda in 1858 and has offices in the Bahamas, the Cayman Islands, Switzerland and the UK.

Lombard International Assurance names ex-Carmignac exec to French market role

Lombard International Assurance, the Luxembourg- and Philadelphia-based provider of life insurance-based wealth products for high-net-worth investors, said it had named David Liebmann to the newly-created role of head of the French market at the company.

Liebmann, pictured right, had been deputy head of sales of France and Monaco for Carmignac, the French asset management house. In his new role with Lombard, he will be responsible for the insurer’s overall sales strategy for France, and for “further developing new opportunities”, Lombard International Assurance said in a statement.

It added that the appointment would “further enhance” the company’s presence in France, which it noted was a “key focus for growth during 2017”.

Lombard opened its French representative office – in Paris – last year. The company has been expanding rapidly around the world over the past 14 months, under the ownership of the Blackstone private equity group, which acquired it in 2014 from its then-owners, Friends Provident.

At Lombard, Liebmann reports to Luca Bertacchi, regional sales director, Central and Southern Europe.

Liebmann had been with Carmignac, in his role as deputy head of sales for France and Monaco, for the past seven years. In that role he oversaw the distribution of Carmignac funds through private banks, discretionary wealth managers and family offices. Beforce coming to Carmignac, he had been with Rothschild & Cie and Banque Privée 1818.

Cigna names Raymond Ng and Ray Bond to key HK roles 

Cigna, the US-based health insurance giant, has named Raymond Ng and Raymond Bond to key distribution roles in its Asian operation, as it expands its presence in the region.

Ray Bond is named Regional Head of Distribution – Individual Health and Raymond Ng has been appointed Regional Head of Distribution – Global Health Benefits (GHB). The company didn’t say who, if anyone, they replaced.

Both Ng and Bond are based in Hong Kong, and in their new roles, which took effect last month, they have joined Cigna’s Asia Pacific Leadership team, which is led by Patrick Graham, chief executive officer, Asia Pacific, Cigna International Markets.

In a statement announcing the appointments, Cigna noted that its Global Individual Private Medical Insurance (Global IPMI) operation is currently “growing rapidly” and that it looked to Ng and Bond to ensure that this would continue.

Bond comes to Cigna from AXA where he most recently had been head of Asia, AXA Global Protect. Prior to that he spent nearly ten years withe Asia Pacific operation of Bupa International, and more than 12 years with Barclays Insurance Services in the UK, and Prudential UK.

Ng, pictured above, had already been a Cigna employee, currently responsible for cross-market growth and development of the company’s globally mobile group health business across multiple clients and customer segments throughout Asia Pacific. He started his Cigna career in 2010 starting as sales director, Singapore and subsequently became regional vice president, Asia Pacific Global Health Benefits.

New York Stock Exchange-listed Cigna is based in Bloomfield, Connecticut and says it “maintains sales capability” in 30 countries and jurisdictions, and has more than 90 million “customer relationships” around the world.

ABOUT THE AUTHOR
Helen Burggraf
Helen Burggraf is the editor of International Investment. A US-trained journalist, she has worked in Rome, New York City and London, covering everything from the fashion and retailing industries to the global drinking water and water-treatment sector, private equity, and most recently, the international cross-border financial services/advice industry.

Read more from Helen Burggraf

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