“We are seeing unprecedented growth in the demand for bespoke wealth management services in Asia, particularly among next-generation clients who are redefining how wealth is preserved and grown,” said Dr. Roland Schubert, CEO of LGT Bank Asia.
LGT Bank, the private banking and asset management group owned by the Princely House of Liechtenstein, has announced the opening of its new regional hub in Singapore. The move is part of its broader strategy to strengthen its presence in the Asia-Pacific region, a market that has become increasingly central to the global wealth management industry. The Singapore hub, which underscores the bank’s long-term commitment to the region, will serve as a focal point for its operations in Southeast Asia, complementing its existing offices in Hong Kong and other key financial centers.
The decision to expand in Singapore comes as Asian economies continue to produce some of the world’s fastest-growing pools of wealth. The city-state, with its business-friendly policies, robust regulatory framework, and reputation as a global financial hub, has become a magnet for high-net-worth individuals (HNWIs) and family offices. LGT Bank’s expanded presence aims to cater to the rising demand for tailored solutions in wealth preservation, succession planning, and sustainable investing.
Founded in 1920, LGT Bank has long been a trusted partner for ultra-high-net-worth families and institutional investors, leveraging its heritage and expertise to offer personalized financial strategies. Over the past decade, Asia has become one of its key growth markets, with assets under management in the region rising significantly. Dr. Schubert noted that the bank’s Singapore hub would also focus on fostering partnerships with local wealth advisors and offering innovative solutions designed for the unique needs of Asian clients. “We are combining global expertise with local insights to provide a level of service that reflects the complexity and ambition of our clients’ goals,” he added.
In addition to its core private banking services, LGT Bank plans to integrate sustainable investment options into its offerings in Singapore. The bank has been a pioneer in environmental, social, and governance (ESG) investing, aligning with its clients’ increasing appetite for purpose-driven portfolios. “We see sustainability not as a trend, but as an enduring pillar of responsible wealth management,” Dr. Schubert emphasized.
As competition intensifies among global banks vying for a share of Asia’s burgeoning wealth, LGT’s expansion signals its intent to challenge industry giants while retaining its boutique approach to client relationships. With Singapore’s family office sector experiencing a surge—bolstered by tax incentives and streamlined residency programs—the timing of LGT’s expansion could not be more opportune.
The opening of the Singapore hub marks another milestone for LGT Bank in its century-long journey. It reflects not only the bank’s strategic foresight but also its ability to adapt to the evolving dynamics of global wealth. As Asia’s influence on the financial world continues to grow, institutions like LGT are positioning themselves to serve the region’s sophisticated clientele with precision and care.
(Editors: admin)