Market view and Insights
LGT was designated Best Private Bank for Alternatives for the third consecutive year at the renowned Financial Times Group's PWM (Professional Wealth Management)/The Banker Global Private Banking Awards. It also received a "highly commended" rating in the Impact and Sustainable Investing category.
At the Global Private Banking awards held at the beginning of November, the Financial Times publications Professional Wealth Management and The Banker recognized the world's best private banks for the 12th time. LGT once again impressed the independent jury of the renowned awards and successfully defended its title as Best Private Bank for Alternatives for the third consecutive year. In the Impact and Sustainable Investing category, LGT received a "highly commended" rating.
"We were once again able to assert our position in the alternative investments category vis-à-vis the distinguished competition, and received high praise for our efforts in impact and sustainable investing. We are very pleased about both accolades," says Thomas Piske, CEO LGT Private Banking. "We continue to see growing investor interest in alternative investments, impact investments and sustainable investing. Investors are looking for alternatives in order to tap new sources of returns. In addition, these asset classes provide an opportunity to take environmental, social and governance aspects into account. The awards are testimony to our efforts in these asset classes and an incentive to further improve our product and services offering."
LGT began to invest in alternative investments over 20 years ago and advises clients in this segment. Thanks to its extensive experience and strong relationships with the best investment managers around the world, LGT has access to attractive transactions and the necessary strategic and business expertise. In addition to these factors, the jurors were also impressed by LGT's long-standing commitment to this segment. "While many competitors are only just starting to turn to this asset class, LGT has been investing in it for many years," says Yuri Bender, jury member and Editor-in-Chief of PWM. "LGT is well positioned to meet the increasing demand from wealthy families for alternative investments."