*"Asia is where the future of wealth lies, and our commitment to this region is unwavering," said Dr. Olivier Steimer, Chairman of LGT Group, as the private banking giant announced its expansion into Hong Kong with a new regional headquarters.*
LGT Group, the Liechtenstein-based private banking and asset management firm wholly owned by the Princely House of Liechtenstein, has solidified its presence in Asia with the opening of its Hong Kong regional hub. The move is part of a broader strategy to capture the growing demand for sophisticated wealth management services among Asia-Pacific’s burgeoning high-net-worth individuals (HNWIs) and family offices.
The Hong Kong headquarters will serve as a pivotal base for the firm's operations in Greater China and Southeast Asia, complementing its established presence in Singapore. For decades, LGT Group has been synonymous with discreet, high-caliber financial stewardship, offering tailored solutions in private banking, institutional asset management, and sustainable investing. By deepening its roots in Asia, the firm signals confidence in the region’s resilience amidst global economic turbulence and regulatory shifts.
Asia’s wealth landscape has undergone a seismic transformation in recent years, with the region surpassing Europe in the number of HNWIs and multi-generational family offices. Hong Kong, despite geopolitical challenges and the evolving financial ecosystem, remains a critical gateway for capital flows into China and a hub for offshore wealth structuring. LGT’s decision to establish a regional headquarters in the city underscores its strategic importance to global wealth managers seeking proximity to both mainland China’s ultra-rich and the sophisticated international markets of Southeast Asia.
"Our clients in Asia are demanding more innovative, cross-border solutions that align with their family legacy and global ambitions," remarked Dr. Steimer. "Hong Kong's unique position as a bridge between East and West makes it an ideal anchor for our expansion."
The new office also reflects LGT’s commitment to sustainability, a cornerstone of its investment philosophy. The firm plans to introduce a suite of ESG (environmental, social, and governance) focused initiatives tailored for Asian investors, many of whom are increasingly interested in aligning their portfolios with values-driven enterprises.
LGT’s expansion into Hong Kong is expected to intensify competition among private banks vying for the lucrative Asian market. It also signals a renewed confidence in Hong Kong’s ability to attract global financial institutions despite recent headwinds. With more than USD 300 billion in assets under management globally, LGT Group’s entry into the city is likely to attract attention from both local players and international peers.
The firm’s Hong Kong headquarters will focus on offering bespoke wealth management solutions, including private equity advisory, intergenerational wealth planning, and philanthropy strategies, catering to the nuanced needs of Asia’s elite. The team will also prioritize partnerships with family offices and institutional advisors, ensuring clients benefit from both localized expertise and global perspectives.
Closing Remark:
As Hong Kong continues to evolve as a financial powerhouse, LGT Group’s strategic expansion is poised to both shape and serve the region’s dynamic wealth management landscape.
(Editors: admin)