Utmost has launched Utmost Wealth Portugal, establishing a new distribution company in the country.
The new distribution company will be headed up by Pedro Paixão (pictured), director of Utmost Wealth Portugal.
A highly experienced leader in the financial advice, private banking and wealth markets; Paixão 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 distribute solutions from Utmost’s Ireland and Luxembourg entities, providing jurisdictional optionality and enhanced access to Utmost’s product suite.
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, said: “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.”
Paixão 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.”