Lombard International Announces Senior Appointments to Expand the U.S. Market
November 03, 2015
Lombard International, a global leader in wealth structuring solutions, today announced two senior appointments that will accelerate the company’s U.S. growth and enhance their product offerings targeting family offices, private banks, and institutions. In their new roles, John Tyers will serve as Executive Vice President, Head of Institutional Sales, and Virginia Klein will serve as Senior Managing Director, Product Development and Investment Solutions.
“The appointments of John and Virginia support our ambitions for U.S. growth and demonstrate our commitment to building a world class investment platform offering greater choice and flexibility,” said John Hillman, Executive Chairman of Lombard International. “With their additions to our team, we believe there is opportunity to expand the U.S. market for wealth structuring solutions overall.”
John Tyers Appointed Executive Vice President, Head of Institutional Sales
Tyers has more than 22 years of experience in sales, sales management and business leadership, driving growth and leading wealth management businesses. At Lombard International, he will be charged with building out the U.S. institutional sales team and growing the overall market for wealth structuring solutions utilizing life insurance and annuity structures.
“There is a continual need for ultra-high net worth advisors to bring unique value to their clients. I am energized to build out our team and begin to share with advisors and family offices how their clients can benefit from these bespoke investment and wealth structuring solutions,” said Mr. Tyers. “Lombard’s private placement offerings combine simplicity, low fees, transparency, and sophisticated investments that can help investors grow and transfer wealth more effectively.”
Most recently, John was the Southeastern Regional Head of the Private Banking and Investment Group at Merrill Lynch where he led the firm's boutique ultra-high net worth wealth management business. Prior to that, he was in New York where he was head of the Managed Solutions Group, overseeing all fee-based investment advisory platforms and wealth management tools for Merrill Lynch.
Virginia Klein Appointed Senior Managing Director
Klein comes to Lombard with 16 years of experience in structuring and customizing wealth management solutions to for individual investors. At Lombard International, she will be responsible for the alignment of the investment product set with the needs of ultra-high net worth clients and their advisors.
“Alternative investments are core holdings of ultra-high net worth families,” said Ms. Klein. “I am very pleased to be at Lombard International and excited to leverage my alternative investments experience in helping our clients access these critical investments in a tax efficient way. As more asset managers and advice providers understand the unique benefits of this type of wealth structuring, we hope to strengthen our position as a key partner, educator and solution provider.”
Most recently, Virginia spent 10 years in the Alternative Investment Group at Merrill Lynch Wealth Management in New York, where she was a Director of Origination & Product Management for hedge funds as well as Head of Innovation for the Alternative Investments Group.
About Lombard International
Lombard International is a leading life insurance-based wealth solutions provider, combining the strength and expertise of two specialist life insurance companies with over 20 years’ experience and market leadership in their respective fields. Lombard International provides wealth structuring solutions using private placement life insurance and annuity products to high net worth individuals, their families and institutions around the globe.
The global group, branded as Lombard International, launched to market in September 2015. With head offices located in Luxembourg and Philadelphia, a combined global presence enables Lombard International to serve clients’ complex needs on a global basis while being sensitive to local cultures and attitudes.
Global assets under administration are in excess of USD 75 billion with a global staff number of over 500, including more than 60 technical experts specializing in 20+ jurisdictions.
Funds managed by Blackstone own Lombard International. Blackstone is one of the world’s leading advisory firms with assets under management of over USD 333 billion.
For further information about Lombard International visit: www.lombardinternational.com
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