Lombard International Group has appointed Stuart Parkinson as its new group chief executive officer. He will also be a member of the board of directors.

Parkinson will join on 1 April 2020 and lead all parts of the group. he has over 27 yuears of international experience in banking and financial services across three continents for HSBC.

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Most recently, he held the role of global chief investment officer for HSBC Private Banking.

In addition, John Hillman will be appointed executive chairman at the same time. This enables him to focus on new strategic initiatives for the group.

John Hillman, group chief executive of Lombard International Group, commented: “Following a strong 2019 performance and as Lombard International continues to grow our leadership position in Europe and the US, now is the right time to initiate our succession plan. I’m delighted that Stuart has decided to join our Group. He is a highly experienced global financial services leader and will bring great energy and fresh thinking as we expand our distribution footprint in Asia, Europe, Latin America and the US.”

Parkinson added: “I’m excited to be joining such an entrepreneurial company that I have admired for many years. Lombard International Group is in a strong position to support the needs of high net worth individuals, families and institutions who are becoming more international in their outlook as the complex global geopolitical and economic environment continues to evolve at rapid pace. I’m looking forward to meeting partners, clients and colleagues in due course.”

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In August 2019, Lombard International appointed Florent Albert as its global CFO.

Albert began his financial career at Continentale d’Entreprises. He also served at GE group, RSA Insurance, and MetLife France.

Lombard International has operations in Philadelphia, Luxembourg, Brussels, Paris, Milan, Rome, Geneva, Lugano, Zurich, New York, Miami, Bermuda, Mexico City, Singapore, and Hong Kong.

The business’ assets under administration at the end of June 2019 were €44.9bn.