Lombard International, a provider of wealth structuring solutions for the HNW clients, has received an approval for a brokerage licence for its Hong Kong subsidiary Lombard International Brokers Limited.
The new office, which will be located on the Two International Finance Centre, will serve local market needs and act as a gateway for future expansion opportunities in Asia.
Lombard International is owned by funds managed by Blackstone, and currently has regional headquarters in Philadelphia and Luxembourg.
Lombard International Asia CEO Tammy Tsui said: "We are very pleased to establish a Lombard International presence in Hong Kong.
"We chose Two International Finance Centre for its close proximity to our banking partners, ensuring we are easily accessible to them. This is an exciting step forward in our planned expansion into Asia."
The company’s global assets under administration are more than $75bn with over 500 employees, including more than 60 technical experts specializing in 20 plus jurisdictions.