*"Sophisticated wealth management requires not just expertise but an understanding of the unique dynamics shaping affluent families today," said Dr. Henrietta Pacque, Global Head of Family Office Services at LGT Bank. "Singapore’s position as a financial hub makes it a natural choice for this expansion."*
LGT Bank, the Liechtenstein-based private banking institution owned by the Princely House of Liechtenstein, has unveiled a strategic initiative to strengthen its Family Office Services division in Singapore. This move underscores the firm’s commitment to servicing ultra-high-net-worth individuals (UHNWIs) and their families in Asia, a region experiencing a surge in generational wealth transitions and cross-border investment activity.
The decision comes at a pivotal moment for Singapore’s financial ecosystem, which continues to attract global wealth due to its robust regulatory framework, favorable tax policies, and world-class infrastructure. LGT Bank’s enhanced presence in the city-state aims to support affluent families with tailored solutions, spanning asset structuring, succession planning, philanthropy advisory, and tax optimization.
LGT Bank has long been recognized for its expertise in catering to dynastic families, leveraging its unique ownership by the Liechtenstein royal family to offer a distinctive approach to wealth preservation. The Singapore initiative builds on this legacy, positioning the bank to meet the increasingly complex needs of Asian clients. With Asia-Pacific now home to the fastest-growing population of billionaires, the demand for sophisticated family office solutions has reached unprecedented levels.
Dr. Pacque emphasized the importance of Singapore’s strategic location. "Our clients in Asia are looking for more than just asset growth," she said. "They want integrated solutions that address intergenerational wealth transfer, mitigate geopolitical risks, and align with their values, whether through sustainable investing or philanthropy."
The bank’s expansion also reflects broader global trends within the family office space. According to recent industry reports, family offices are evolving from managing wealth to acting as strategic hubs for innovation, venture capital, and social impact. Singapore's regulatory support, including progressive frameworks for Variable Capital Companies (VCCs) and its Double Taxation Agreements, provides fertile ground for such cross-disciplinary activities.
As part of the initiative, LGT Bank plans to deepen its partnerships with local stakeholders, including legal advisors, tax consultants, and investment managers. Additionally, the bank has hinted at further developments in digital transformation, which would enable seamless integration of financial and lifestyle services for its clients.
LGT Bank’s move into Singapore is expected to set a precedent for other global institutions considering similar expansions in Asia. By emphasizing personalized service and a legacy-driven approach, the bank seeks to redefine the standards of family office management in the region.
In closing, Dr. Pacque remarked, "Singapore offers an unparalleled environment for both protecting wealth and nurturing opportunities. We are excited to be part of that journey for our clients here."
(Editors: admin)