Resolution is in talks over a possible sale of its European private and corporate client wealth planning division, Lombard.
The group, founded by entrepreneur Clive Cowdery (pictured), confirmed a disposal of the unit - which was part of the Friends Life group acquired by Resolution in 2009 - on Thursday. Resolution did not specify who it was in discussions with and, in a statement, pointed out a sale was not certain. Lombard states on its website that Resolution is "committed" to the company and has described it as "a unique business with great prospects". Lombard comprises Lombard International Assurance S.A. and Insurance Development Holdings AG. Resolution said it had released a statement in respons...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
