Crown Global Insurance Group, a provider of private placement life insurance and annuities for ultra-high net worth individuals and institutional investors, has appointed Thomas F Wiese, who previously served as Executive Managing Director at Lombard International, as President of Institutional Solutions.
Wiese was responsible for expanding Lombard’s US and non-US institutional business, where he achieved a fifty per cent compounded annual growth rate (CAGR) in assets under management from 2016 to 2021, with another USD2.2 billion in outstanding unfunded commitments.
“As part of our focus on growing Crown’s institutional business, we are excited to welcome Tom to our team and benefit from his unmatched experience, expertise, and network,” says Crown Global CEO Perry Lerner. “Tom is an industry leader and, most importantly, shares Crown’s values for service and customised solutions to meet the special needs of US and non-US foundations, endowments, pension funds, family offices, and other large investors.”
“Crown Global’s unrivalled reputation in private placement insurance is a significant draw to institutional investors looking to optimise their net investment returns,” says Tom. “I look forward to working with Crown’s leadership team to significantly expand their institutional business in the years to come.”