BroadRiver Asset Management completed the acquisition of the US & Bermuda businesses of Lombard International.

BroadRiver Asset Management, a specialist in the management of fixed income alternative investments, completed the acquisition of the US & Bermuda businesses of Lombard International, a provider of wealth structuring, life assurance solutions for succession and wealth planning. Financial terms were not disclosed. “This transaction is an outstanding opportunity for BroadRiver and its investors and an additional step in BroadRiver’s strategic expansion into the insurance sector. We look forward to supporting the sustained development of Lombard US/BDA’s position in specialty life insurance and variable annuity products,” Andrew Plevin, BroadRiver Co-Founder and Co-CEO.