“We’ve entered a new era where wealth preservation requires a global perspective, and Asia’s family offices are leading the charge,” said Stuart Parkinson, CEO of Lombard International, at a recent wealth management forum in Singapore. “Our role is to ensure they have the tools and structures to safeguard their legacies while navigating complex cross-border dynamics.”
Lombard International, a leading provider of wealth structuring solutions through life insurance, has announced the launch of a suite of services tailored specifically for family offices in Asia. This move reflects the growing demand for sophisticated wealth management services in one of the fastest-growing regions for high-net-worth individuals. The initiative aims to address the unique needs of Asian family offices, which are increasingly focusing on multi-generational wealth transfer, tax optimization, and cross-border compliance.
The bespoke solutions combine Lombard’s expertise in global wealth structuring with a deep understanding of regional regulations and cultural nuances. The firm’s offerings leverage private placement life insurance (PPLI) and variable universal life insurance (VUL), strategies that have gained popularity among ultra-high-net-worth individuals for their flexibility and tax efficiency. These instruments allow families to consolidate their assets under a single global structure while maintaining the liquidity and diversification required to adapt to market volatility.
Lombard’s expansion into Asia comes at a pivotal time. According to a recent report by Credit Suisse, the number of millionaires in Asia-Pacific is projected to surpass those in North America by 2026, with family offices playing an increasingly central role in managing the region’s wealth. However, this rapid growth has also brought challenges, including evolving tax regimes, heightened regulatory scrutiny, and the need for more robust succession planning.
“Family offices in Asia are looking for more than just investment strategies—they’re seeking holistic solutions that encompass governance, compliance, and legacy planning,” explained Parkinson. “Our approach integrates these elements, offering a seamless experience for families with global footprints.”
Beyond its technical offerings, Lombard is also investing in education and collaboration. The firm recently hosted its inaugural Asia Wealth Insights Summit in Hong Kong, bringing together industry leaders, legal advisors, and tax specialists to discuss the future of wealth management in the region. Topics ranged from the implications of the OECD’s Common Reporting Standard (CRS) to the rising interest in alternative investments among next-generation wealth holders.
As Lombard deepens its presence in Asia, it is poised to become a key partner for family offices seeking to navigate an increasingly complex financial landscape. By combining cutting-edge financial products with a client-centric approach, the firm is setting a new benchmark for wealth management in the region.
For many families, the firm’s offerings represent not just a financial strategy but also a means of ensuring stability amid uncertainty. “Global wealth management is no longer just about preserving capital; it’s about preserving purpose,” Parkinson concluded.
In catering to the nuanced needs of Asian family offices, Lombard International demonstrates how a tailored approach to wealth management can empower families to secure their legacies across generations and borders.
(Editors: admin)