Lombard International's new business premiums hit €5.1bn and assets under administration reach €41.5bn, the company's financial results for 2018 show.
The company, that specialises in wealth planning solutions for high net worth individuals, families and institutions has continued with its global expansion across Asia, Europe, Latin America and the United States and is investing in innovation and technology.
"2018 was another successful year for Lombard International as we continued the expansion of our global capabilities, and investment in innovation and technology. Despite the difficult geopolitical and macro-economic environment across the globe, we delivered a resilient performance that stands us in good stead to embrace the opportunities that lie ahead in 2019," John Hillman, group chief executive of Lombard International, said.
2018 was another successful year for Lombard International as we continued the expansion of our global capabilities, and investment in innovation and technology"
"We understand the concerns that our clients and partners feel in the face of growing geopolitical uncertainty. We recognize how these issues impact wealth creation and financial futures. It is during such uncertain and challenging times that the solutions and services we provide become even more critical. We help our clients and their advisors navigate challenging market conditions, to help ensure their wealth is protected, portable and can be passed on to future generations in a sustainable manner," he added.
Over the last 12 months, the business further expanded its worldwide operations as it aims for a global footprint. In Europe last year, the business built on its existing asset base in Europe by completing the acquisition of a portfolio of life insurance policies from HSBC Life Assurance (Malta) Ltd. and further strengthened its distribution reach, particularly in the family office channel, by forging a strategic partnership with Stonehage Fleming, one of the leading independently-owned global family offices and the largest in Europe, the Middle East and Africa.
In the US, Lombard International has continued its growth strategy focused on the significant scaling of its institutional business, including building out and actively marketing its investment options platform.
In Asia, the company secured early stage opportunities as it is seeing interest from across the region.