The new entity will be led by Pedro Paixão, Director of Utmost Wealth Portugal
Utmost, a leading global provider of insurance-based wealth solutions with assets under administration of £123.4bn (€143.3bn), announces the launch of Utmost Wealth Portugal, establishing a new distribution company in the country.
Utmost Wealth Portugal represents another significant step forward in Utmost’s European growth strategy and underscores its long-term commitment to the Portuguese financial planning and insurance-based wealth solutions market.
The new distribution company will be headed up by Pedro Paixão, Director of Utmost Wealth Portugal. Pedro is a highly experienced leader in the financial advice, private banking and wealth markets; he brings nearly 19 years’ sector experience and has been managing Utmost’s wealth protection in Portugal since 2019.
The expansion forms part of Utmost’s international growth strategy following the 2024 acquisition of Lombard International, now known as Utmost Luxembourg. The Portuguese distribution company will be equipped to distribute solutions from Utmost’s Ireland and Luxembourg entities, providing jurisdictional optionality and enhanced access to Utmost’s product suite.
It will enable Utmost to deepen its relationships and build new business opportunities with key partners including private banks, family offices and asset managers as well as financial advisers and brokers active in the private wealth sector.
The new entity strengthens Utmost’s ability to deliver fully integrated, technically robust and compliant distribution capabilities aligned with local regulatory expectations and client requirements.
The business has already begun building momentum in the Portuguese market. In April, Utmost hosted an industry event attended by more than 75 financial professionals and partners, highlighting the growing demand for specialised international wealth solutions in Portugal.
Stephen Atkinson, Global Head of Sales and Marketing at Utmost, commented:
“The launch of our distribution company reflects Utmost’s deep commitment to Portugal and our strategy of building strong, locally aligned distribution capabilities across Europe. This development enhances our ability to serve our partner network with clarity and commercial strength, ensuring that Utmost remains a trusted partner in wealth planning across Portugal.”
Pedro Paixão, Director of Utmost Wealth Portugal, added:
“Portugal continues to evolve as an important hub for international wealth, driven by globally mobile clients and increasing demand for tax efficient, cross-border planning solutions. Utmost Wealth Portugal enables us to strengthen our activities in the country and expand our offering to the wider market, which offers considerable opportunities. We have a strong, experienced team to grow sustainably and the outlook is exciting.”
ENDS
For further information, please contact:
Temple Bar Advisory
Alex Child-Villiers / Sam Livingstone
Tel: +44 (0)20 7183 1190 / Email: [email protected]
About Utmost
Utmost is a leading global provider of insurance-based wealth solutions with assets under administration of £123.4bn (€143.3bn) as at 30 June 2026. Utmost provides trusted, unit-linked offerings designed to help clients manage and preserve their wealth globally.