*"Asia represents both a challenge and an opportunity for family offices. It's where global wealth converges and diversifies,"* remarked Prince Max von und zu Liechtenstein, Chairman of LGT Group, during the announcement of their latest venture into the Hong Kong family office space.
The princely banking dynasty, known for its expertise in managing wealth across generations, has unveiled plans to establish a dedicated family office hub in Hong Kong. This strategic move signals LGT’s ongoing commitment to Asia’s burgeoning high-net-worth community, which is shaping global wealth trends through cross-border investments and legacy planning. Hong Kong, a magnet for both regional and global financial professionals, offers a unique confluence of regulatory sophistication, proximity to mainland China, and tax-efficient structures. For LGT, the city represents the ideal nexus for catering to the increasingly complex needs of ultra-high-net-worth families.
Founded in 1920, LGT Group has grown from a Liechtenstein-based private banking institution into one of the world’s leading family office providers with a strong footprint in Europe, the Americas, and Asia. Their expertise in wealth preservation, sustainable investments, and bespoke advisory services has garnered trust among affluent families seeking stability in uncertain times. The decision to deepen their presence in Hong Kong aligns with a broader trend among family offices to pivot toward Asia, where the region’s share of global wealth continues to expand.
Hong Kong’s appeal lies in its unique positioning as a gateway to China and the rest of Asia’s emerging markets. While Singapore has often been seen as the preferred destination for family office setups due to its tax incentives and streamlined regulatory environment, Hong Kong’s robust financial infrastructure and common law system remain compelling. LGT’s expansion further underscores Hong Kong’s resilience as a global financial hub, even amid challenges posed by geopolitical developments and competing jurisdictions.
*"What we’re witnessing is not just a shift in assets; it’s a shift in strategy,"* noted Heinrich Henckel, CEO of LGT Bank in Asia. *"Families are looking for jurisdictions where legal frameworks, investment opportunities, and cultural understanding intersect seamlessly. Hong Kong offers that blend, making it invaluable for those navigating multigenerational wealth planning."*
The establishment of this hub is expected to catalyze further collaboration between Hong Kong’s financial ecosystem and international wealth managers. LGT's presence will likely attract other high-caliber institutions seeking to leverage the city’s advantages, contributing to the robust development of family office services in the region.
As Asia continues to redefine the contours of global wealth management, LGT’s expansion into Hong Kong is more than a geographical move—it represents a strategic alignment with the future of global finance.
(Editors: admin)