Lombard enters Switzerland and Germany

Luxembourg-based Lombard International, owned by Friends Provident, is to target the Swiss and German markets for expansion. This comes after it reported growth of 10.8% in new business in the first half of the year. Remarking on the figures, Rocco Sepe, managing director of Friends Provident International (FPI), said Lombard had not attracted as much business from Switzerland as it would have liked. Sepe added that Lombard had developed a new product range for the German market and is trying to expand into Mexico and Asia by distributing via private banks. He added that much of Lomba...