LGT targets India

LGT, the international private banking and asset management group owned by the Princely House of Liechtenstein, is expanding its Asian presence in the wealth management market.

This week, LGT launched LGT Wealth India, to offer wealth management services to clients in India through its India entity.

Majority-owned by LGT Group, LGT Wealth India operates in 14 cities across India, including Mumbai, Delhi, Chennai and Bengaluru, the company said in a statement yesterday.

LGT Wealth India said it is gaining a foothold in the Indian wealth management market and strengthening its presence in Asia, with offices in Hong Kong, Singapore, Thailand, Australia and India.

LGT Wealth India is a private limited company, registered with the Securities and Exchange Board of India as a portfolio manager to provide financial services to its clients.

Atul Singh, Director and CEO of LGT Wealth India, has over two decades of experience with multinationals and the Indian private banking sector. Singh has also held senior positions in leading international institutions overseas and domestically.

Singh said, “Our goal is to offer a new approach to wealth management. The plan is simple: put our customers first by providing seamless service, designed around what works for them. »

“We have attracted some of the industry stalwarts and top talent, bringing together deep experience across multiple asset classes. Our employees have extensive wealth management experience gained from some of the world’s leading financial institutions. By working closely together, we can leverage our varied skills and knowledge, allowing us to treat each portfolio individually and meet the unique needs of each client,” he added.

HSH Prince Max von und zu Liechtenstein, Chairman of LGT, said: “As a private family business owned by my family, the Princely House of Liechtenstein, for over 90 years, we have always valued long-term collaboration. on short-term growth.

“Combining our historical expertise in managing large assets with our entrepreneurial approach has allowed us to grow continuously and sustainably. By combining the expertise of a global private bank with an experienced and permanent team of India specialists, we are committed to supporting our clients in India and generating sustainable long-term value,” he continued. .

LGT manages assets of 284.7 billion Swiss francs ($297.4 billion) for high net worth individuals and institutional clients, working from more than 20 locations in Europe, Asia, America, Australia and the Middle East. East.

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