Lombard International names new COO

Lombard International Group named Michael Gordon as group chief operating officer, in addition to his existing role of chief executive of Lombard's U.S. business. The role is newly created and includes oversight of the global office of technology and transformation, according to a corporate announcement. The firm advises sovereign wealth funds, pensions, endowments and foundations on hedge funds, private equity and real estate. Gordon’s appointment follows that of Stuart Parkinson as Lombard international Group’s CEO on April 1. His new role builds upon a strong year for the firm’s U.S. business, which has reported 25% year-over-year grown in new business premium income. Gordon implemented an enhanced partnership model, leveraging the technical expertise and flexible operating capabilities of Lombard International’s U.S. team. Having joined the firm 2016, Gordon has held the role of CEO in the U.S. Prior to joining Lombard International, he served as global head of insurance solutions at BNY Mellon Investment Management. He led investment and insurance product management at New York Life Insurance Company prior to that. “To support our ambitious growth plans, and build upon the successes of recent years, we need to have robust and scalable operations and technology platforms,” said Group CEO Parkinson in a statement. “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.” Gordon added that in a globally connected world where wealth is becoming more mobile, many of Lombard International’s clients have multi-jurisdictional needs. “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,” said Gordon. The global firm is owned by funds managed by Blackstone Group and overall Lombard International has $54.1 billion in assets under administration.

Lombard International names new COO

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