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July 16, 2021

LGT picks minority stake in digital wealth manager LIQID

By Verdict Staff

Liechtenstein-based private bank LGT has agreed to buy a strategic minority stake in the German digital wealth manager LIQID.

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Founded in 2016, LIQID offers professional wealth management investment solutions as well as private equity, venture capital and real estate investments to wealthy private investors.

Earlier this year, LIQID’s client assets crossed the €1bn mark, making it one of Germany’s largest digital wealth managers.

The tie-up will see LGT collaborating with the digital wealth manager to develop the latter’s investment strategy for its wealth management offering.

The LIQID Wealth offering provides comprehensive investment strategies in traditional asset classes and is available to private investors investing €100 000 or more.

The move aims to expand LGT’s investment offering to the LIQID clients.

LIQID CEO and founder Christian Schneider-Sickert said: “LGT is not only a benchmark in private banking and asset management, but also an established investor in growth companies.

“With its focus on sustainability and entrepreneurship, LGT ideally complements our ambitions and values. Together with LGT, I look forward to developing LIQID into Europe’s leading provider of digital private banking.”

LGT chairman H.S.H. Prince Max von und zu Liechtenstein said that the partnership with LIQID will enable a broader segment of private investors in Germany to access LGT’s investment expertise.

He said: “LIQID has an impressive track record of growth, and we are convinced that the provision of professional investment expertise in a digital format – in combination with LIQID’s dedicated client focus and commitment to quality – constitute a promising business model.

“We are delighted to be supporting LIQID in its ongoing expansion and also expect this to provide impetus for the further digitalisation of our own services.”

LGT reported a decrease in its profit in 2020, hit by a $63.7m (CHF59m) earn-out in connection to the completion of the LGT Vestra takeover.

The bank acquired LGT Vestra in last October.

Free Whitepaper
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Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

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