LGT Completes Acquisition of ABN AMRO’s Private Banking in Asia and Middle East
LGT has successfully completed the acquisition of ABN AMRO’s private banking business in Hong Kong, Singapore and Dubai. As a result, LGT’s assets under management will grow to about US$50 billion in Asia (including Middle East) and around US$180 billion overall.
“LGT’s assets under management will grow to about US$50 billion in Asia (including Middle East).”
The acquired business includes almost USD 20 billion in assets under management as well as over 300 employees, of which more than 200 are front office staff.
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