*"The Asia-Pacific region is not just a growth market—it’s the epicenter of wealth creation in the 21st century,"* said H.S.H. Prince Max von und zu Liechtenstein, Chairman of LGT, as the private banking group announced its acquisition of a boutique wealth management firm in Singapore. The move underscores LGT’s commitment to strengthening its foothold in one of the world’s most dynamic hubs for high-net-worth individuals (HNWIs) and family offices.
Founded as the financial arm of the Princely House of Liechtenstein, LGT has progressively transformed itself into a global private banking powerhouse. Its latest acquisition, which remains unnamed due to confidentiality agreements, is expected to seamlessly integrate into LGT’s existing Singapore operations, doubling its assets under management in the region to over USD 50 billion. The deal signals not only strategic expansion but also a recalibration of focus, as LGT positions itself to cater to the region’s growing demand for bespoke wealth management solutions, ESG-driven investment strategies, and multi-generational family office services.
Singapore, already regarded as a global wealth management hub, has seen an influx of ultra-high-net-worth individuals (UHNWIs) relocating their financial affairs to its shores, drawn by its political stability, robust regulatory framework, and attractive tax incentives. For LGT, this acquisition is expected to provide a strategic advantage in serving the next generation of Asian entrepreneurs and family dynasties, many of whom are seeking sophisticated cross-border solutions to preserve and grow their wealth.
*"This is not just a numbers game for us,"* said Roland Schubert, CEO of LGT Private Banking Asia. *"Our clients are increasingly looking for partners who can navigate the complexities of global wealth in a way that is both sustainable and deeply personal. Singapore offers us a platform to do just that."* Beyond traditional banking services, LGT plans to leverage its expertise in philanthropy advisory and impact investing—areas of growing importance to Asia’s younger millionaires and billionaires, many of whom are focused on legacy-building rather than mere wealth accumulation.
The acquisition also comes at a time when competition among private banks in Asia is intensifying. Global players such as UBS and Credit Suisse have long dominated the market, while regional institutions like DBS and OCBC are rapidly scaling up their own offerings. LGT’s move is a clear signal that it is willing to compete at the highest level, armed with its unique heritage, strong liquidity position, and a commitment to personalized service.
As the ink dries on the deal, market observers are already speculating on LGT’s next steps. Will the Liechtenstein-based group open new offices in emerging Asian markets, or deepen its presence in Hong Kong to balance its Singapore operations? For now, the focus remains on executing a smooth integration of the acquired firm and enhancing client offerings in the region.
In a world where wealth management is increasingly global yet deeply localized, LGT’s latest move reinforces its reputation as a forward-thinking institution attuned to the nuances of the markets it serves. For HNWIs in Asia, the message is clear: the Princely House is here to stay.
(Editors: admin)