LGT Reports CHF 151.8 Million Profit in 1st Half 2017
LGT, the international private banking and asset management group owned by the Princely House of Liechtenstein, reported CHF 151.8 million profit in the 1st half 2017.
” LGT AUM rose by CHF 28.9 Billion to CHF 181 Billion “
Assets under Management rose by CHF 28.9 billion to CHF 181 billion (+19%) as LGT completed the acquisition of ABN AMRO private banking business in Asia and the Middle East in April 2017 and the acquisition of European Capital Fund Management (Private Debt Manager).
H.S.H. Prince Max von und zu Liechtenstein, CEO LGT:
We are extremely pleased with the first half of 2017. We continued on our profitable growth path, once again attracted significant net asset inflows and successfully integrated the strategically im- portant acquisition of ABN AMRO’s private banking business in Asia and the Middle East into our existing structures. Our stable ownership structure, long-term strategy, strong capital base and unifying corporate culture are success factors in the further development of the business – be it organic or through acquisitions. An important cornerstone also remains the strong focus on investment management as a core competency. With our distinct profile, we aim to provide an attractive environment for our clients and employees around the world and achieve further sustainable growth.”
Source: Official 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 181 billion
- Employees : 3,000
Official Website: www.lgt.com
News & Media: Press Release
Updated on 8th August 2017