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LGT Private Bank Considers Further Asian Acquisitions
LGT private bank which acquired ABN Amro’s Asian private bank is targeting further growth in the region. LGT said that it expected to see its assets under management in Asia grow over US$40 billion due to the acquisition of ABN Amro’s Asian and Middle Eastern operations.
The Chief Executive of LGT has added that it is looking to grow in the region, predominately through organic growth. But if they see the right opportunity to create value through a good acquisition, they will do it.
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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.
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