Liechtenstein $455 Billion LGT Private Bank India (LGT Wealth India) Hires 7 Barclays Private Banking Veterans in India with 1) Sunit Jain (Head of North at Barclays Private Bank India & 16-Year Veteran), 2) Rakesh Kriplani (Chairman of Barclays NBFC, Head of Banking & Credit Private Bank India & 15-Year Veteran), 3) Anirudh Chowdhry, 4) Harpreet Sawhney, 5) Manisha Saxena, 6) Farzana Irani & 7) Vishal Khetan, Both Sunit Jain & Rakesh Kriplani Join as LGT Wealth India Co-Head of Client Coverage
8th September | Hong Kong
Liechtenstein LGT Private Bank ($455 billion Group AUM) in India (LGT Wealth India) has hired 7 Barclays private banking veterans in India with hiring of 1) Sunit Jain (Head of North at Barclays Private Bank India & 16-year veteran), 2) Rakesh Kriplani (Chairman of Barclays NBFC, Head of Banking & Credit Private Bank India & 15-year veteran), 3) Anirudh Chowdhry, 4) Harpreet Sawhney, 5) Manisha Saxena, 6) Farzana Irani & 7) Vishal Khetan. Both Sunit Jain & Rakesh Kriplani join as LGT Wealth India Co-Head of Client Coverage. In 2025 August, LGT Private Bank appointed Head of Products, Services & Investments APAC Mika Kastenholz as Global Head of Investment Solutions & Senior Management Board Member of LGT Private Banking. Mika Kastenholz joined LGT in 2023, and has 19 years of financial industry experience including at Credit Suisse & LGT. In 2025 August, LGT investment manager LGT Capital Partners ($100 billion AUM) has bought a minority stake in United States communication & advisory firm Teneo at around $2.3 billion valuation from majority shareholder CVC Capital Partners & Teneo management team. In 2025 June, Alternative investment marketplace iCapital ($918 billion activity volume) formed a partnership with Liechtenstein private bank LGT, with the integration of iCapital alternative investment technology platform into LGT banking systems, allowing LGT relationship managers, investment advisors & operations teams to manage alternative investment end-to-end process (including marketing, document repository, reporting & analysis). In 2024 November, LGT announced to buy Commonwealth Bank of Australia (CBA) Personal Advice Business with $3.2 billion AUM, and will integrate CBA Personal Advice HNW clients (High net worth), 40 advisors & support staff into LGT Australia business (LGT Crestone with 350 employees & 100 advisors). Earlier in 2024 November, Liechtenstein private bank LGT hired KPMG & ex-UBS Peter Lee as Head of Family Office Services. Peter Lee has more than 33 years of financial industry experience including at Deloitte, KPMG, UBS, Rabobank & Daiwa. Peter Lee joins from KPMG China (Partner, Family Advisory, Private Enterprise Practice), and prior was with UBS (Head of Family Advisory APAC, Global Wealth Management) and Deloitte (Partner & Leader, Family office & Family Enterprise Consulting). In 2024 August, LGT appointed Mark Lim as Deputy CEO for Singapore in addition to his existing role as Head of Legal APAC. Mark Lim joined LGT Private Banking in 2022, and has 22 years of wealth management industry experience including at Merrill Lynch & Citibank. In 2021, LGT Group appointed current CEO of Liechtensteinische Landesbank (LLB) Roland Matt as the new CEO of LGT Bank in 2022. In 2020, LGT Group with CHF 228 billion AUM ($234 billion) and owned by the royal family of Liechtenstein, announced the split of LGT Group into 3 new independent companies, LGT Private Banking, LGT Capital Partners and Lightstone (Impact Investing), effective in 2021. The 3 companies, currently under LGT Group, will be held directly by the Prince of Liechtenstein Foundation and operate as 3 independent companies. 1) LGT Private Banking (CHF 170 billion AUM), 2) LGT Capital Partners (CHF 60 billion AUM) & 3) Lightstone (CHF 500 million AUM).
“ Liechtenstein $455 Billion LGT Private Bank India (LGT Wealth India) Hires 7 Barclays Private Banking Veterans in India with 1) Sunit Jain (Head of North at Barclays Private Bank India & 16-Year Veteran), 2) Rakesh Kriplani (Chairman of Barclays NBFC, Head of Banking & Credit Private Bank India & 15-Year Veteran), 3) Anirudh Chowdhry, 4) Harpreet Sawhney, 5) Manisha Saxena, 6) Farzana Irani & 7) Vishal Khetan, Both Sunit Jain & Rakesh Kriplani Join as LGT Wealth India Co-Head of Client Coverage “
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Liechtenstein $455 Billion LGT Private Bank Appoints Head of Products, Services & Investments APAC Mika Kastenholz as Global Head of Investment Solutions & Senior Management Board Member of LGT Private Banking, Joined LGT in 2023 & Has 19 Years of Financial Industry Experience Including at Credit Suisse & LGT
21st August – Liechtenstein LGT Private Bank ($455 billion Group AUM) has appointed Head of Products, Services & Investments APAC Mika Kastenholz as Global Head of Investment Solutions & Senior Management Board Member of LGT Private Banking. Mika Kastenholz joined LGT in 2023, and has 19 years of financial industry experience including at Credit Suisse & LGT. In 2025 August, LGT investment manager LGT Capital Partners ($100 billion AUM) has bought a minority stake in United States communication & advisory firm Teneo at around $2.3 billion valuation from majority shareholder CVC Capital Partners & Teneo management team. In 2025 June, Alternative investment marketplace iCapital ($918 billion activity volume) formed a partnership with Liechtenstein private bank LGT, with the integration of iCapital alternative investment technology platform into LGT banking systems, allowing LGT relationship managers, investment advisors & operations teams to manage alternative investment end-to-end process (including marketing, document repository, reporting & analysis). In 2024 November, LGT announced to buy Commonwealth Bank of Australia (CBA) Personal Advice Business with $3.2 billion AUM, and will integrate CBA Personal Advice HNW clients (High net worth), 40 advisors & support staff into LGT Australia business (LGT Crestone with 350 employees & 100 advisors). Earlier in 2024 November, Liechtenstein private bank LGT hired KPMG & ex-UBS Peter Lee as Head of Family Office Services. Peter Lee has more than 33 years of financial industry experience including at Deloitte, KPMG, UBS, Rabobank & Daiwa. Peter Lee joins from KPMG China (Partner, Family Advisory, Private Enterprise Practice), and prior was with UBS (Head of Family Advisory APAC, Global Wealth Management) and Deloitte (Partner & Leader, Family office & Family Enterprise Consulting). In 2024 August, LGT appointed Mark Lim as Deputy CEO for Singapore in addition to his existing role as Head of Legal APAC. Mark Lim joined LGT Private Banking in 2022, and has 22 years of wealth management industry experience including at Merrill Lynch & Citibank. In 2021, LGT Group appointed current CEO of Liechtensteinische Landesbank (LLB) Roland Matt as the new CEO of LGT Bank in 2022. In 2020, LGT Group with CHF 228 billion AUM ($234 billion) and owned by the royal family of Liechtenstein, announced the split of LGT Group into 3 new independent companies, LGT Private Banking, LGT Capital Partners and Lightstone (Impact Investing), effective in 2021. The 3 companies, currently under LGT Group, will be held directly by the Prince of Liechtenstein Foundation and operate as 3 independent companies. 1) LGT Private Banking (CHF 170 billion AUM), 2) LGT Capital Partners (CHF 60 billion AUM) & 3) Lightstone (CHF 500 million AUM).
Liechtenstein $356 Billion Private Bank & Asset Manager LGT Buys Commonwealth Bank of Australia Personal Advice Business with $3.2 Billion AUM, Will Integrate HNW Clients, 40 Advisors & Support Staff into LGT Australia Business LGT Crestone with 350 Employees & 100 Advisors
12th November 2024 – Liechtenstein private bank & asset manager LGT ($356 billion AUM) has announced to buy Commonwealth Bank of Australia (CBA) Personal Advice Business with $3.2 billion AUM, and will integrate CBA Personal Advice HNW clients (High net worth), 40 advisors & support staff into LGT Australia business (LGT Crestone with 350 employees & 100 advisors). LGT (11/11/24): “LGT, the international private banking and asset management group owned by the Princely Family of Liechtenstein, has signed an agreement to acquire the personal advice business of Australia’s largest bank, CBA. This acquisition bolsters LGT’s foothold in the Australian wealth management landscape, reaffirming its dedication to high-quality advisory services, enduring client relationships, and sustainable growth. The acquisition is expected to transfer more than CHF 2.8 billion (AUD 5 billion) in assets from CBA’s ultra-high-net-worth and high-net-worth clients to LGT, accompanied by the integration of approximately 40 experienced advisers, associates, and support staff into LGT Crestone, LGT’s Australian business. Once completed, the transaction will solidify its position as a trusted partner for sophisticated private wealth clients. The acquisition is structured to ensure a smooth integration for Commonwealth Private Advice’s clients and employees, allowing them to benefit from LGT’s global strength, stability, and exceptional expertise, with over CHF 356 billion (AUD 500 billion) in assets under management worldwide. This transaction aligns with LGT’s long-term growth strategy, which focuses on expanding its footprint in key markets and providing clients with world-class advisory services, wealth planning, and access to private markets and sustainable investments. It is expected to close by mid-2025, and will enhance LGT’s Australian operations, which include Adelaide, Brisbane, Melbourne, Perth and Sydney. LGT Crestone currently has more than 350 employees, including more than 100 advisers across Australia.” Earlier in November, Liechtenstein private bank LGT hired KPMG & ex-UBS Peter Lee as Head of Family Office Services. Peter Lee has more than 33 years of financial industry experience including at Deloitte, KPMG, UBS, Rabobank & Daiwa. Peter Lee joins from KPMG China (Partner, Family Advisory, Private Enterprise Practice), and prior was with UBS (Head of Family Advisory APAC, Global Wealth Management) and Deloitte (Partner & Leader, Family office & Family Enterprise Consulting). In 2024 August, LGT appointed Mark Lim as Deputy CEO for Singapore in addition to his existing role as Head of Legal APAC. Mark Lim joined LGT Private Banking in 2022, and has 22 years of wealth management industry experience including at Merrill Lynch & Citibank.
Michael Chisholm, CEO of LGT Crestone: “We are delighted CBA – one of Australia’s leading financial institutions – has chosen LGT Crestone as the trusted home for their highly valued ultra-high net worth and high-net worth clients and employees. It’s a terrific validation of our efforts to build a truly outstanding private wealth advice business catering to the needs of the most sophisticated investors in Australia. This transaction is driven by our shared purpose and values with Commonwealth Private Advice, particularly our client-centric approach to managing the wealth and financial wellbeing of sophisticated high-net-worth clients.”
H.S.H. Prince Max von und zu Liechtenstein, Chairman LGT: “LGT is delighted to strengthen our role in Australia as we welcome both the clients and colleagues of Commonwealth Private Advice. Clients need stable partners who provide comprehensive and secure opportunities throughout their financial journeys, and we are committed to delivering that level of support and confidence to our new clients. With this acquisition, we are accelerating our growth trajectory in one of the world’s most promising wealth markets, deepening our commitment to the APAC region and our clients here. Today, APAC represents more than a third of LGT’s business, a reflection of both our strategic focus and our ambition to build a truly diversified global private banking group.”
LGT is a leading international private banking and asset management group that has been fully controlled by the Liechtenstein Princely Family for over 90 years. As at 30 June 2024, LGT managed assets of CHF 356.0 billion (USD 396.2 billion) for wealthy private individuals and institutional clients. LGT employs over 5800 people who work out of more than 30 locations in Europe, Asia, the Americas, Australia and the Middle East.
Liechtenstein Private Bank LGT Hires KPMG & ex-UBS Peter Lee as Head of Family Office Services, 33 Years of Financial Industry Including at Deloitte, KPMG, UBS, Rabobank & Daiwa
12th November 2024 – Liechtenstein private bank LGT has hired KPMG & ex-UBS Peter Lee as Head of Family Office Services. Peter Lee has more than 33 years of financial industry including at Deloitte, KPMG, UBS, Rabobank & Daiwa. Peter Lee joins from KPMG China (Partner, Family Advisory, Private Enterprise Practice), and prior was with UBS (Head of Family Advisory APAC, Global Wealth Management) and Deloitte (Partner & Leader, Family office & Family Enterprise Consulting). In 2024 August, LGT appointed Mark Lim as Deputy CEO for Singapore in addition to his existing role as Head of Legal APAC. Mark Lim joined LGT Private Banking in 2022, and has 22 years of wealth management industry experience including at Merrill Lynch & Citibank.
Liechtenstein Private Bank LGT Appoints Mark Lim as Deputy CEO for Singapore in Addition to Existing Role as Head of Legal APAC, Joined LGT in 2022 & Has 22 Years of Wealth Management Industry Experience Including at Merrill Lynch & Citibank
3rd August 2024 – Liechtenstein private bank LGT has appointed Mark Lim as Deputy CEO for Singapore in addition to his existing role as Head of Legal APAC. Mark Lim joined LGT Private Banking in 2022, and has 22 years of wealth management industry experience including at Merrill Lynch & Citibank.
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