“We have always believed that Asia represents not just growth potential but an integral part of the future of global wealth management,” said H.S.H. Prince Max von und zu Liechtenstein, Chairman of LGT Group, as the Liechtenstein-based private bank announced its acquisition of a controlling stake in Singapore’s Prime Partners Group. The move underscores LGT’s intention to deepen its footprint in Asia, a region increasingly pivotal to the strategies of global wealth managers.
This latest acquisition comes amidst a surge in demand for bespoke wealth management solutions in Asia, fueled by the region’s growing cohort of ultra-high-net-worth individuals (UHNWIs). With Prime Partners Group, LGT gains a robust platform that specializes in family office services, bespoke investment strategies, and fiduciary solutions tailored to high-net-worth individuals and families. The acquisition aligns with LGT’s strategy of combining its 100-year tradition of wealth management with localized expertise in key financial hubs.
Founded in 1993, Prime Partners Group has built a reputation for offering highly personalized advisory services, catering to clients across Southeast Asia and Greater China. By integrating Prime Partners into its operations, LGT aims to fortify its presence in Singapore, a jurisdiction that has rapidly emerged as a leading hub for wealth preservation and tax optimization. For LGT, Singapore is not merely a gateway to Asian markets but a critical node for international wealth flows, particularly as more families seek multi-jurisdictional solutions amid tightening regulatory scrutiny in traditional offshore centers.
“This partnership allows us to combine our global reach and resources with Prime Partners’ deep local insights,” remarked Olivier de Perregaux, CEO of LGT Private Banking. “Our clients will benefit from an expanded suite of services, including cross-border investment opportunities and enhanced private banking solutions tailored to the unique needs of Asian families.”
The acquisition also signals a broader trend among European private banks looking eastward for growth. In recent years, Asia has seen a steady influx of family offices, driven by both the rise of homegrown UHNWIs and an increasing number of Western families diversifying their wealth structures. Singapore’s transparent regulatory framework, political stability, and tax incentives have made it particularly attractive, creating an environment where financial institutions like LGT can thrive.
As the financial landscape evolves, LGT’s strategic move positions the bank to capitalize on Asia’s growing prominence in global wealth management. With Prime Partners’ established client base and expertise in structuring family offices, LGT is poised to offer a seamless blend of traditional private banking and forward-thinking solutions to its clientele.
In closing, Prince Max emphasized, “This acquisition is not just about growth but about creating enduring value for our clients in Asia and beyond. We are committed to building a legacy of trust, expertise, and innovation in every market we serve.”
(Editors: admin)