LGT, a private bank and asset manager owned by the Princely Family of Liechtenstein, has launched its wealth management office in Thailand after receiving go-ahead from regulators.

The new location in Bangkok will house investment consultants and investment planners.

Dubbed LGT Securities (Thailand), the Thai business will offer investment and wealth management services to the country’s HNWIs and corporates.

LGT CEO Max von und zu Liechtenstein said: “We see Thailand as an important growth market, and the establishment of an onshore presence reflects our ambition to continue our growth path in Asia.”

The Thai office will be headed by Ekkapob Makeguljai, whose wealth management career spans more than 16 years.

LGT Private Banking Asia CEO Henri Leimer calls the expansion a “strategic milestone” for the firm’s Asia business.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Commenting on the move, Leimer said: “We have recorded very pleasing growth in recent years in the region and significantly increased our assets under management.

“Thailand is a rapidly growing market with extremely interesting opportunities. With our local presence in Bangkok, we can now advise and support our Thai customers even better on-the-ground.”

Vaduz-based LGT reported assets under management of $207.5bn in the middle of last year.

The bank oversees $60bn in assets in Asia.