Lombard International Assurance, a global leader in wealth structuring solutions, today announced the appointment of Paul Upchurch to the newly created role of Chief Operating Officer for its European operations, effective 4 September 2017. He will report to Axel Hörger, CEO Europe of Lombard International Assurance.
Based in Luxembourg, Paul will lead a multi-disciplinary team including Client Services, Investment Administration, IT and Change functions. He will be responsible for advancing digital innovation, operations and capital investments across the European business with the aim of increasing Lombard International Assurance’s leading position in the market. In addition, Paul will join the Senior Management Team and will be involved in both developing and implementing the European growth strategy.
He joins Lombard International Assurance from Blackstone, where he served as Executive Director in their Portfolio Operations group. Here, he was involved in driving high performance and transformational strategies through the effective implementation of enterprise systems and operational improvements across portfolio businesses.
Before joining Blackstone, Paul served as Executive Vice President, Professional Services, at Nielsen, where he led teams in demand creation, pricing and trade optimisation and innovation. Prior to that, Paul spent 18 years in management consulting, guiding clients on a wide range of enterprise technology and operational improvements in Sales and Marketing, on complex, multi-year, $1bn+ transformations.
Axel Hörger, said: “I’m delighted that Paul is joining the leadership team. He has been highly successful working side-by-side with over 50 portfolio companies at Blackstone and overseeing significant investments in people, technology and operations. As a seasoned business operator, he has a distinctive blend of commercial, operational, and technological expertise, that will be an excellent addition to the team as we focus on further growing the business.”
Paul Upchurch commented: “I’m very excited to be joining Lombard International Assurance. I have a passion for developing leaders, building collaborative cultures and bringing innovation to businesses. I very much look forward to playing my part in contributing to Lombard International Assurance's continued success.”
About Lombard International Assurance
Lombard International Assurance is a leading life insurance-based wealth solutions provider, combining the strength and expertise of two specialist life insurance companies with over 25 years’ experience and market leadership in their respective fields. Lombard International Assurance provides wealth structuring solutions using unit-linked life insurance 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. The firm is an industry leader in providing multi-jurisdictional wealth planning solutions through its partner networks across the United States, Europe and Latin America.
Global assets under administration are in excess of EUR 77.5 billion with a global staff number of over 600, including more than 60 technical experts specializing in 19 jurisdictions.
Funds managed by Blackstone own Lombard International. Blackstone is one of the world’s leading investment firms with over $367 billion in assets under management.