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November 19, 2021

LGT opens wealth management office in Tokyo, Japan

Liechtenstein-based private bank LGT has opened a new wealth management office in the Japanese capital of Tokyo further bolstering its presence in the Asia-Pacific region.

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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

The company opened its new office at the Okura Prestige Tower after securing necessary regulatory nods.

The Japanese business, named LGT Wealth Management Trust, will provide investment and wealth management services to affluent and family-owned businesses.

Industry veteran Yoshitaka Nagakura will serve as the chairman and CEO of the business. He will directly report to LGT Private Banking Asia Pacific CEO Dr Henri Leimer.

Leimer said: “Since our establishment in Asia in 1986, LGT has shown that it has been able to expand into new markets, finding the perfect blend between global strengths and capabilities and the ability to localise our offering.

“The fact that our clients can invest in the same investment solutions and with the same long-term vision as the Princely Family makes us unique, and results in a natural alignment of interests.”

Nagakura said: “The traditional Japanese wealth management landscape is changing. We believe that LGT’s expertise in impact and environmental, social, governance (ESG) investing will be of value to Japanese investors.

“Our team of experienced professionals is looking forward to providing the wealth management service which LGT is known for globally, supported by local knowledge and understanding of our Japanese clients’ needs.”

Separately, Nagakura told Bloomberg that the LGT Wealth Management Trust will seek to increase its workforce in the country to 70 to 80 people over the following three years.

It is also planning to enter into collaborations with regional lenders, funds and investment banks to meet the requirements of its clients.

Earlier this year, LGT agreed to acquire a strategic minority stake in the German digital wealth manager LIQID.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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