Aug 27, 2020 7:45:00 AM | LGT Company News | LGT Media releases

LGT's total operating income rose 6% to CHF 900.0 million during the first half of 2020, and thanks to strict cost management, group profit increased 23% to CHF 190.7 million. As at the end of June, assets under management amounted to CHF 218.7 billion (-4%).

Jun 4, 2020 7:26:19 AM | LGT Company News | LGT Media releases

From the financial crisis of 2008 to the corona crisis in spring 2020: high-net-worth Swiss investors have experienced turbulent times in recent years. They have learned lessons from the crises, but if anything has changed in their portfolios, then only in the short term. These are the findings of the latest comprehensive LGT Private Banking report on investor behavior in Switzerland, Austria and Germany. Personal advice remains important despite a wave of digitalization, and little use is still made of sustainable investments.

May 18, 2020 9:39:08 AM | LGT Company News | LGT Media releases

High-net-worth investors remained calm during the corona crisis in early 2020 and made very few adjustments to their portfolios. This shows an additional study conducted in Switzerland as part of the LGT Private Banking Report. It also found that investors were disappointed with the support they received from the banks during the crisis, and that they are pessimistic about the future when it comes to the economic outlook.

May 5, 2020 9:13:42 AM | LGT Company News | LGT Media releases

LGT Private Banking, LGT Capital Partners and Lightstone, the three business units of the current LGT Group, will in future be held directly by the Prince of Liechtenstein Foundation and operate as independent pure-play companies in their fields. H.S.H. Prince Philipp von und zu Liechtenstein will step down from his role of Group Chairman, while H.S.H. Prince Max von und zu Liechtenstein, Group CEO since 2006, will become Chairman of the three new companies. Olivier de Perregaux, Group CFO since 2001, has been appointed CEO of LGT Private Banking. The new management structures will come into force at the beginning of 2021.

Mar 16, 2020 7:45:00 AM | LGT Company News | LGT Media releases

LGT achieved further strong revenue growth of 8% and a group profit of CHF 308.1 million in the 2019 financial year. Net asset inflows doubled year-on-year to CHF 13.9 billion, corresponding to an organic growth rate of 7%. Assets under management increased 15% to CHF 227.9 billion.