Thomas F. Wiese, former Executive Managing Director at Lombard, Joins Crown Global as President of Institutional Solutions

NEW YORK – October 4, 2021 – Crown Global Insurance Group, a leading provider of private placement life insurance and annuities for ultra-high net worth individuals and institutional investors, announced today that Thomas F. Wiese, who previously served as Executive Managing Director at Lombard International, has joined Crown as President of Institutional Solutions.

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From Bloomberg Daily Tax Report International: INSIGHT: The Often Unknown Tax Liability Facing Foreign Investors in U.S. Equities

Directly investing in U.S.-situs assets such as U.S.-Equities as a non-U.S. investor creates potential U.S. estate tax liabilities. Specific structuring options like PPLI can reduce this liability. Among several other benefits, PPLI may be a reliable option for mitigating income and estate tax liabilities and, if correctly structured, may provide comparable benefits in the investor’s home country, too.

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