Aug 22, 2019
LGT reports strong net asset inflows and further business expansion in first half of 2019
LGT achieved a group profit of CHF 155.6 million and further expanded its client business in the first half of 2019. The results reflect solid revenue growth despite a subdued start to the year, as well as further investments in LGT’s market presence. Net asset inflows were once again strong at CHF 5.8 billion, corresponding to an annualized growth rate of 6%. Compared with the end of 2018, assets under management rose 8% to CHF 215.0 billion. LGT is confident that it will continue to achieve profitable growth in the second half of 2019.
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Jun 27, 2019
LGT acquires majority stake in Indian wealth manager Validus Wealth
LGT has agreed to acquire a controlling stake in Validus Wealth. Validus Wealth is an Indian wealth management firm with a presence in nine cities across the country. This transaction will enable LGT to gain a foothold in India’s up-and-coming market for high-net-worth private clients.
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May 13, 2019
LGT Bank Ltd. to establish Euro Medium Term Note Programme
LGT Bank Ltd. is in the process of establishing a Euro Medium Term Note Programme with UBS Europe SE and Citigroup Global Markets Limited acting as arrangers.
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Mar 18, 2019
LGT reports further rise in profits and profitable growth in 2018
LGT reported further profitable growth and a substantial rise in group profit of 11% to CHF 314.1 million for the 2018 financial year. Net asset inflows were solid at CHF 6.8 billion. Assets under management decreased 2% to CHF 198.2 billion due to market and currency effects.
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Mar 6, 2019
LGT officially opens its office in Bangkok
LGT officially opened its Bangkok office, LGT Securities (Thailand) Limited, with an opening ceremony on Wednesday, 6 March 2019.
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