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June 9, 2020

Wealth planning solutions provider Lombard International names group COO

Lombard International Group, a provider of wealth and succession planning solutions, has appointed Michael Gordon to the newly-created position of its group COO.

Gordon currently serves as the firm’s US CEO, a role he will retain in addition to the new responsibility.

He has held this role since joining the firm in May 2016.

In the new role, he will be in charge of the operational and digital strategy at Lombard International.

The new role includes the Global Office of Technology and Transformation.

Gordon stated: “I’m looking forward to working with all teams across the business, including front, middle and back offices, to foster improved collaboration across the company and bring in greater automation to support Lombard International’s global clients and growth plans.”

Gordon previously worked at BNY Mellon Investment Management, where he was the global head of Insurance Solutions.

His two-decade-long financial career also includes a stint at New York Life Insurance Company.

Lombard International group CEO Stuart Parkinson said: “Michael’s track record of new business growth, coupled with his investment and operational expertise, means he is perfectly suited to developing a cohesive, coherent and scalable digital strategy tailored to the needs of each of our markets across the globe.”

Parkinson joined as the group CEO earlier this year.

The firm recently also named Florent Albert as the managing director for its business in Europe.

Aided by positive net flows and investment performance, Lombard International reported assets under administration of €48.4bn ($55.3bn) in 2019 as part of wealth planning. The figure was 17% higher than a year ago.

Higher sales in the US and Europe resulted in a 25% surge in new business premiums to €5.7bn in 2019.

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