LGT a cornerstone investor in China Renaissance
LGT acquired a USD 25 million stake in the Chinese investment bank China Renaissance when the company successfully went public on 27 September. The private banking and asset management group of the Princely House of Liechtenstein is one of three cornerstone investors in the business, which focuses on Asia’s strong new economy sectors.
LGT reports significantly higher revenues and profits in the first half of 2018
LGT reported a rise in group profit of 15% to CHF 174.8 million in the first half of 2018. This reflects broad-based earnings revenue growth of 17% to CHF 830.7 million, to which the acquisitions successfully integrated last year made a healthy contribution. Net asset inflows amounted to CHF 5.0 billion, which corresponds to an annualized growth rate of 5%. Assets under management rose to CHF 206.0 billion.
LGT honored at the WealthBriefingAsia Awards 2018
LGT was named Best Boutique Private Bank (Greater China) and Best Pure Play Private Bank (Southeast Asia) at the WealthBriefingAsia Awards 2018 held 31 May 2018 in Singapore. The awards underscore LGT’s achievement as one of the key players in the fastest-growing private banking region in the world.