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LGT once again recognized as a leading international private bank

November 20, 2012

Both in Fuchsbriefe and in this year’s Elite Report published by the German business newspaper Handelsblatt, LGT Group has again been named as one of the leading private banks in Switzerland, Liechtenstein and Austria. For over a decade, the bank of the Princely House of Liechtenstein has regularly received top ratings for its products and services from the experts of both institutions.

At the ninth Asset Convention of the Elite Report, which took place yesterday in Munich, the private banking and asset management group was again awarded the highest accolade “summa cum laude” for its advisory service. At its private banking summit in Berlin, Fuchsbriefe recognized the private bank as being “outstanding”, ranking it among the top ten banks in the German-speaking area. For over a decade, the bank of the Princely House of Liechtenstein has regularly received top ratings for its products and services from the experts of the Elite Report and Fuchsbriefe.

Private investors look for a reliable partner when it comes to financial matters. It is particularly important for them to receive advice which promises transparent, comprehensible, long-term success, especially in what remains a difficult and volatile investment environment. Independent assessments from prestigious, specialist institutions can help investors to choose a suitable financial institution. The Handelsblatt Elite Report and Fuchsbriefe have for many years been assessing the advisory services and product quality offered by international institutions. This year, LGT Group was once again judged as being outstanding by both institutions.

“The well-cut diamond of the banking scene”

“As Liechtenstein’s only globally active and highly successful asset manager, LGT, owned by the Princely House, is a reliable bank for internationally oriented clients,” conclude the editors of the Elite Report their recently published test journal “Die Elite der Vermögensverwalter 2013” (The Elite of Wealth Managers 2013). 140 financial institutions, shortlisted from the original 383, were examined by two very experienced professional testers and 157 readers posed as potential clients. On the basis of a multi-criteria analysis, 44 asset managers were finally rated as “recommended.” LGT was the only bank to be rated as a “leading private bank” in Switzerland as well as in Liechtenstein and Austria. “The spectrum of advisory themes for asset-oriented private or corporate clients is complete at LGT. Services that are one-sided or narrow have no place here,” the report goes on to say. The Princely bank is an attractive, far-sighted partner for institutional and high net-worth private individuals. “LGT is the well-cut diamond of the banking scene in the German-speaking area, brightening up Swiss banking which has otherwise lost its shine,” says Hans-Kaspar von Schönfels, founder and editor-in-chief of the Elite Report.

The prestigious Fuchsbriefe also includes LGT in the top financial institutions in the German-speaking area. It is rated as the best asset manager in Switzerland and Liechtenstein. In the overall, cross-border rankings, LGT achieved an excellent top ten ranking out of more than 80 institutions tested. The outstanding quality of the advisory service provided by LGT relationship managers was particularly emphasized. “Although LGT ceased to have a presence in Germany a year ago, it has not lost its close contact to German clients – quite the opposite: concentrating in fewer locations makes it easier to train top-qualified teams. This, at least, is our impression: top in advisory services and top in investment proposals,” concludes Fuchsbriefe.

Clients find security and stability

H.S.H Prince Max von und zu Liechtenstein, CEO LGT Group, is delighted with these outstanding assessments: “The Elite Report and the Fuchsbriefe show that our range of services is meeting the high demands of our clients; people have confidence in us and our advisers. Our stable, unique ownership structure offers them security, stability and a long-term perspective – values that are becoming increasingly important. The fact that we are regularly recognized by independent experts as one of the leading private banks and top asset managers in the German-speaking area vindicates our focused strategic approach.”