The global advisor has poached a senior banker from HSBC to steer growth for clients who are becoming more international in their outlook, and after a “good 2019”.

Lombard International Group has appointed HSBC investment veteran Stuart Parkinson as the new group chief executive officer.

The global wealth and succession advisor to high net worth individuals, families and institutions made the announcement yesterday indicating that Parkinson will be responsible for leading and managing all parts of the business. He assumes the post on April 1st in London and will also join the group board.

Parkinson has spent close to three decades in international banking and financial services across Asia, Europe, the US and Latin America for HSBC. Most recently he was global CIO for private banking at the global bank. The group said his talents lay in managing diverse teams and businesses, and bringing resources together across multiple geographies to enhance the client offering.

The group operates from centers in Luxembourg and the US and serves around 20 markets across Asia, Europe, Latin America and the US, providing multi-jurisdictional private-placement, and unit-linked life insurance and annuities to clients. It is owned by funds managed by the Blackstone Group and counts Singapore Life, Vie, and Swiss Life among its market peers.

Current group CEO John Hillman said a strong 2019 and continued growth in the US and Europe suggested that “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.”

Also part of succession planning, the board has made Hillman executive chairman, where he will focus on new strategic initiatives for the group. He also starts in the role on April 1st.

Moving into the top post, Parkinson said he was excited to join an entrepreneurial company he has long admired. The 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,” he said. “I’m looking forward to meeting partners, clients and colleagues in due course.”