News

01/12/09

LGT Group completes takeover of Dresdner Bank (Switzerland) Ltd. - Steady realization of international growth strategy

LGT Group, the international wealth and asset management company, announced today that it has completed the closing of the takeover deal for Dresdner Bank (Switzerland) AG on 1 December 2009. The latter will be completely integrated into LGT Bank (Switzerland) Ltd. in February 2010. With this acquisition, LGT increases its assets under management by CHF 9.4 billion (status at the end of 2008) and significantly strengthens its market position in Switzerland as well as in the important growth markets.