Lombard International has made two senior appointments aimed at helping the company accelerate its US growth and enhance its product offerings targeting family offices, private banks, and institutions.
In their new roles, John Tyers will serve as Executive Vice President, Head of Institutional Sales, and Virginia Klein will serve as Senior Managing Director, Product Development and Investment Solutions.
"The appointments of John and Virginia support our ambitions for US growth and demonstrate our commitment to building a world class investment platform offering greater choice and flexibility," says John Hillman, Executive Chairman of Lombard International. "With their additions to our team, we believe there is opportunity to expand the US market for wealth structuring solutions overall."
Tyers has more than 22 years of experience in sales, sales management and business leadership, driving growth and leading wealth management businesses. At Lombard International, he will be charged with building out the US institutional sales team and growing the overall market for wealth structuring solutions utiliaing life insurance and annuity structures.
"There is a continual need for ultra-high net worth advisors to bring unique value to their clients. I am energised to build out our team and begin to share with advisors and family offices how their clients can benefit from these bespoke investment and wealth structuring solutions," said Mr. Tyers. "Lombard's private placement offerings combine simplicity, low fees, transparency, and sophisticated investments that can help investors grow and transfer wealth more effectively."
Most recently, John was the Southeastern Regional Head of the Private Banking and Investment Group at Merrill Lynch where he led the firm's boutique ultra-high net worth wealth management business. Prior to that, he was in New York where he was head of the Managed Solutions Group, overseeing all fee-based investment advisory platforms and wealth management tools for Merrill Lynch.
Klein comes to Lombard with 16 years of experience in structuring and customising wealth management solutions for individual investors. At Lombard International, she will be responsible for the alignment of the investment product set with the needs of ultra-high net worth clients and their advisors.
"Alternative investments are core holdings of ultra-high net worth families," says Klein. "I am very pleased to be at Lombard International and excited to leverage my alternative investments experience in helping our clients access these critical investments in a tax efficient way. As more asset managers and advice providers understand the unique benefits of this type of wealth structuring, we hope to strengthen our position as a key partner, educator and solution provider."
Most recently, Virginia spent 10 years in the Alternative Investment Group at Merrill Lynch Wealth Management in New York, where she was a Director of Origination & Product Management for hedge funds as well as Head of Innovation for the Alternative Investments Group.