*"The dynamics of wealth management are evolving rapidly, especially in Asia, where discerning clients are increasingly prioritizing sustainable investment strategies and legacy planning," said Dr. H.S.H. Prince Max von und zu Liechtenstein, Chairman of LGT Group, during the announcement of the firm’s latest regional expansion.*
LGT Group, the world’s largest private banking and asset management institution owned by a single family, has unveiled its ambitious plans to deepen its footprint in Asia. The move reflects the firm’s commitment to addressing the region’s growing appetite for bespoke wealth management solutions that integrate sustainability with long-term growth. With offices already established in Hong Kong, Singapore, and Tokyo, LGT Group has announced the opening of a new strategic hub in Kuala Lumpur and plans to double its workforce across Asia by 2025.
Founded and owned by the Princely House of Liechtenstein, LGT has long been synonymous with a client-centric approach that blends tradition with innovation. This recent expansion underscores the group’s recognition of Asia’s accelerating prominence in the global wealth landscape. High-net-worth individuals (HNWIs) in the region accounted for over $22 trillion in assets under management (AUM) in 2022, with a significant portion expressing interest in sustainable investment options. For LGT, the opportunity to serve this burgeoning clientele aligns seamlessly with its expertise in ESG-compliant portfolios and intergenerational legacy planning.
In addition to geographical expansion, LGT Group revealed an exclusive partnership with a leading ESG analytics firm to refine its sustainability-driven wealth solutions. This collaboration aims to enhance the group’s ability to provide measurable impact outcomes, a feature increasingly sought after by affluent clients who view investments as a conduit for both profit and purpose. The timing of this initiative is particularly pertinent as Asian economies continue to recover from the disruptions of the global pandemic, with many investors reassessing traditional financial strategies in favor of more resilient, future-focused approaches.
*"Asia’s HNWIs are redefining wealth priorities, and they’re looking for partners who not only understand the numbers but also the legacy they wish to leave behind," remarked Philipp Rickenbacher, CEO of LGT Group. "Our expansion is not just about market presence; it’s about building relationships that endure, while offering solutions attuned to the unique aspirations of clients in the region."*
LGT’s Asian expansion comes at a time when competition among global wealth management firms is intensifying. Industry giants such as UBS, HSBC, and Julius Baer have also bolstered their presence in the region, vying for the attention of an increasingly sophisticated clientele. However, LGT’s advantage lies in its fusion of private banking heritage and forward-looking investment strategies—a combination that resonates strongly with Asia’s rising generation of ultra-high-net-worth individuals (UHNWIs) seeking both stability and innovation.
As LGT Group lays the groundwork for its next chapter in Asia, the firm’s leadership remains steadfast in its commitment to delivering tailored, high-impact solutions. By doubling down on sustainability and expanding its reach, LGT is positioning itself not merely as a service provider but as a trusted partner in preserving and growing wealth across generations.
In a region where the concept of wealth is deeply intertwined with cultural values and family legacy, LGT’s move is more than a strategic expansion—it’s a testament to the evolving priorities of Asia’s elite.
(Editors: admin)