Wealth structuring solutions provider Lombard International’s assets under administration (AUA) reached €74.3bn at the end of December 2017, an increase of €3.4bn or 5% compared to €70.9bn a year earlier.
AUA in the firm’s HNW business totalled €41.2bn as at 31 December 2017, up 7% from €38.3bn in 2016.
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AUA in the firm’s corporate administration arm grew 1% to €33.1bn from €32.6bn a year ago.
The company’s new business premium totalled €5bn at the end of December 2017.
Lombard International executive chairman John Hillman said: “2017 was an outstanding year for Lombard International, with record growth in new business and a robust increase in assets under administration. These results reflect our continued leadership position in the market, our investment in new initiatives, and our expanding global footprint.
“In an environment of rapid globalisation, digitalisation and ever changing regulation, there has never been a greater need for our solutions. We remain committed to listening to our clients and partners, and leveraging our unparalleled expertise to develop the bespoke, innovative and flexible solutions required to effectively manage our clients’ wealth now, and in the future.”
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