LGT, the private banking and asset management group owned by Princely Family of Liechtenstein, has named Karen Fawcett as its Foundation Board member.

The appointment of Fawcett follows the retirement of board member Phillip Colebatch.

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The Foundation Board is chaired by Prince Philipp von und zu Liechtenstein.

Apart from the chairman and Fawcett, the board also includes Rodolfo Bogni, Juan Bosch, K.B. Chandrasekar, Mark Jordy, and Conrad Meyer.

Referring to Fawcett, Prince Philipp von und zu Liechtenstein said: “She is a highly regarded and experienced individual with broad expertise in a wide range of specialist fields. Karen Fawcett can draw on a broad range of experience, especially in the forward-looking areas of technology and sustainability.

“Because of our focus on the Asian market, it was also very important for us to find a person with extensive professional experience in Asia.”

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Fawcett has formerly worked at Standard Chartered Bank, where he was the CEO of retail banking along with the head of brand and marketing.

She also served as a partner at Booz, Allen & Hamilton, where she was in charge of financial services in Asia-Pacific between 1998 and 2001.

Her financial journey started in 1985 in the role of a consultant in London and Singapore.

Currently, Fawcett is a director on the board of INSEAD Business School. She is also a director at fintech firm BetterTradeOff.

LGT has operations in over 20 locations across Europe, Asia, America and the Middle East. The private bank’s staff headcount is more than 3,000.