Lombard International, a global life insurance-based wealth solutions provider, has announced that the Monetary Authority of Singapore (MAS) has approved the Financial Adviser’s Licence for its Singapore subsidiary, Lombard International Singapore Pte.

The approval of this license further extends Lombard International’s brokerage capabilities in the region as this newest subsidiary complements Lombard International’s Hong Kong brokerage office, which launched earlier this year.

Both subsidiaries will serve local market needs and act as gateways for future expansion opportunities across Asia.

The Lombard International Singapore office is located at Asia Square Tower 1 #36-02, 8 Marina View, Singapore, 018960 in the heart of Singapore’s business and financial district.

Tammy Lu Tsui, CEO, Lombard International, Asia, said: “We’re delighted to bring our unique brand of exceptional service to the high net worth market in Singapore and throughout this strategically important region for the group. This further demonstrates our commitment and ambition to grow our presence in Asia.”

Lombard International has regional headquarters in Philadelphia and Luxembourg and is owned by funds managed by Blackstone.