LGT, fully owned since 1930 by the European principality’s royal family, has $12bn in assets in Asia and wants to grow by 10% to 15%a year, Dominique Joye, chief executive of the Singapore unit, said in an interview. The bank’s global assets total $90bn, he said.

LGT aims to tap a rising level of personal wealth in Asia, where economic growth is projected to outpace the rest of the world this year. Joye said the bank, which employs 250 people in Hong Kong and Singapore, will add headcount in marketing, without specifying a number.

LGT has been in Asia since 1986 with $8bn in assets currently booked in Singapore, according to Joye.

 

Source: Private Banker International

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.