The company was founded as LSR in 1989 by Tim Congdon, a British economist specialising in the monetarist approach to macroeconomic policy.

Charles Dumas joined the firm in 1998, to take over the international forecasting service, and became chief economist in 2005.

Since 1989, TS Lombard has stated that its aim is to provide global investors with independent, provocative economic analysis and investment advice that challenges the consensus.

TS Lombard's forecasting methodology combined Keynesian and monetary economics.

It used analysis of money supply, sector financial balances and flow of funds in its forecasting methodology.