Lombard receives approval to operate in Singapore

New Asian operation seen to complement company’s earlier expansion into another strategic Asian market

Insurance News

By Gabriel Olano

Lombard International, a unit-linked life assurance company providing wealth planning solutions to high net worth investors, has received approval from the Monetary Authority of Singapore (MAS) to open its financial advisory firm, Lombard International Singapore Pte. Ltd.
Earlier this year, the company entered the Hong Kong market by opening a brokerage, and the two operations are expected to complement each other. The subsidiaries will serve their local markets, and may also function as staging points for Lombard’s further expansion into Asia.
“This is a very exciting time for Lombard International as we launch our brokerage operations in Singapore,” said Tammy Lu Tsui, CEO for Asia, Lombard International. “We’re delighted to bring our unique brand of exceptional service to the high net worth market in Singapore and throughout this strategically important region for the group. This further demonstrates our commitment and ambition to grow our presence in Asia.”
The Lombard Singapore office will be located at Asia Square Tower along Marina View. The company has headquarters in Philadelphia and Luxembourg, and is owned by funds managed by Blackstone.

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