News
LGT Group realigns its trust business
LGT Group announced today that it wants to realign its trust business in accordance with a new set of criteria to take into account the changing environment. In doing so, it will be mindful of the future standards of the Liechtenstein financial center as regards taxation, as well as its own primary goal of offering clients lasting solutions.
LGT Group reports net profit of CHF 123 million for the first half-year - implementation of international growth strategy gathers pace
LGT Group, the international wealth and asset management company domiciled in Vaduz (Liechtenstein), achieved a good half-year result in the six months ended 30 June 2008 in a demanding business environment. Group profit stood at CHF 123 million compared with the record CHF 136 million attained in the first half of 2007. Compared to the end of 2007, assets under administration fell by CHF 7.5 billion to CHF 95.3 billion due to market-related factors. Net asset inflow amounted to CHF 335 million.