LGT Reports Increase in Assets Under Management
Assets under management increased by 8% to CHF 143.4 billion. This includes the CHF 8 billion in assets under management from acquisition of UK based wealth management boutique LGT Vestra.
Profits for the first half of the year was reported at 124.4 million Swiss francs, 5% less than in the same period a year ago. The reason behind the profitability were higher costs. New staff hires in Asia, asset management led to a 5% increase in personnel costs.
News Source: LGT Press Release
About Liechtenstein Global Trust
Liechtenstein Global Trust (LGT) is the largest Private Banking and Asset Management group in the world to be owned by an entrepreneurial family — family office of the Princely House of Liechtenstein. Established in 1920, today it operates in 21 locations worldwide with Private Banking and Asset Management as the core businesses. Based on the excellent ratings by Moody’s and Standard & Poor’s the magazine Global Finance named LGT in 2015 as one of the 50 safest banks worldwide, LGT being one of four banks from Switzerland and Liechtenstein on the list.
- Origin : Vaduz, Liechtenstein
- Assets : CHF 34.24 billion
- Revenue : CHF 1.15 billion
- Employees : 2,515
Official Website: www.lgt.com
News & Media: Press Release
Updated on 8th August 2016