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June 20, 2022

LGT sets up new governance structure

Liechtenstein-based private lender LGT has announced a new governance structure for its activities in Liechtenstein, Switzerland, Austria and the Middle East.

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The move follows the growth of the company’s private banking activities from CHF 108bn in assets under management (AuM) in 2016 to CHF 207bn in 2021.

LGT said that the new regional EMEA structure will help the bank drive further profitable growth more effectively.

Region EMEA, which combines CHF 109bn in AuM as of end-2021, will be led by Roland Matt.

In addition to his new role, Matt will also remain in his current role as CEO of LGT Bank Liechtenstein.

LGT expects the new governance structure to accelerate region-wide collaboration, speed up decision-making and enable the faster rollout of new initiatives.

It is also anticipated to support the bank’s alignment with the existing Region APAC as well as within the broader group.

Commenting on the development, LGT Private Banking CEO Olivier de Perregaux said: “Our business has significantly increased in size and substance over the last several years, and the establishment of Region EMEA under the leadership of Roland Matt will help us to manage further profitable growth effectively. Paired with our entrepreneurial culture and strong client orientation, we are further solidifying our organisation with this step.”

In December last year, LGT signed a conditional agreement to acquire Australia-based Crestone Wealth Management for around $338m.

It followed the Liechtenstein lender’s deal to purchase a strategic minority stake in the German digital wealth manager LIQID in July.

In 2020, LGT took full control of LGT Vestra.

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How can your business build resilience within the ESG space?

ESG is a key theme impacting companies across all sectors globally. It has emerged as the top theme among company filings, with a rising focus on SDG 16 (Peace, Justice, and Strong Institutions) amidst current geopolitical tensions and sustainability-driven investments. Leading sectors with the highest active jobs in this space include aerospace and defense, automotive, banking and payments, construction, and consumer, with many companies actively looking to establish ESG-related expertise. For more information related to company filings and job analytics, as well as key insights across the latest news, deals, and patents, consult our full report. This report will help you to:
  • Identify the top trending themes relevant to ESG across all sectors
  • Monitor investment and innovation landscape in ESG
  • Track key events and social media mentions related to ESG
Download our full report to understand how you can use GlobalData’s trusted insight to develop your business in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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