Organic growth saw the Luxembourg-headquartered insurer setting up in key offices including Brussels, Paris, Bermuda, Miami, New York, Hong Kong and Singapore.
The acquisition of Zurich Eurolife’s Private Banking Solutions business in Luxembourg was also highlighted in the company’s full year results for the year to 31 December.
Total assets under administration grew 8% from €72bn in 2015 to €77.5bn as at 31 Dec 2016.
Assets advised specifically for high net worth clients grew 14% from £35.5bn to €40.5bn, while corporate administration assets totalled €37bn, up from 2% from €36.5bn in the prior year.
The company said it also invested significantly in an online digital servicing platform in Europe, called ‘Connect’ and an online investment platform in the US.
John Hillman, executive chairman of Lombard International, said the group had achieved “impressive geographical and financial growth in 2016”.
“Our investment into expanding our management team, to boosting product capabilities and to launching new technology platforms has meant that the business is now even more closely aligned to our clients’ interests.”
