LGT Private Banking - Competitor Profile

LGT Private Banking - Competitor Profile

Summary

This report provides comprehensive analysis of LGT Private Banking's operations. It offers insight into the company’s strategy and financial performance, including key data on assets under management. Customer targeting, service proposition, product innovation, and marketing activities are also covered.

Headquartered in Vaduz, Liechtenstein, LGT Group is a private banking and asset management firm that is fully controlled by the Princely Family of Liechtenstein. The group operates from more than 25 locations across Europe, Asia-Pacific, and the Middle East.

Scope

• Despite adverse market conditions, LGT Group and its private banking business reported positive financial performance in 2022. The group’s profit before tax and revenues grew by 21% and 8.3% respectively, while LGT Private Banking’s pre-tax profit and revenues grew by 37% and 14.7%. This positive performance continued in the first half of 2023.
• LGT Private Banking is focusing on growth in Asia-Pacific and its home market Europe. For example, in 2022, the bank re-entered the German market by opening a new office in Hamburg. In September 2023, it agreed to acquire the discretionary fund management business of abrdn in the UK and Jersey.
• The bank’s sustainability and philanthropic offerings have been a longstanding initiative. In 2022, LGT launched its Sustainability Strategy 2030, which aims to integrate sustainability into all of the group’s business processes and across its product range.

Reasons to Buy

• Examine the financial performance, key ratios, and AUM growth of LGT Group.
• Benchmark the group against other global wealth managers.
• Understand its current strategic objectives and their impact on financial performance.
• Discover LGT Group’s key products and client targeting strategies.
• Learn more about the group’s marketing strategy, social media presence, and digital innovations.