Market view and Insights
This week, WealthBriefing presented the ninth edition of its annual awards for banks in the Middle East and North Africa. LGT won two awards – one for the second consecutive year.
WealthBriefing, a renowned industry publication, awarded LGT two accolades at the ninth annual ceremony of wealth managers in the MENA region. LGT Middle East was named the best pure play private bank as well as the best private bank philanthropy offering this week. The awards, judged by a group of industry experts, honor the best companies in the Middle East and Northern Africa that have demonstrated innovation and excellence through the year and set themselves apart from their competitors with an exceptional client focus.
LGT impressed the jury of private bankers and independent consultants with its clear focus and very successful development in the Middle East this year. LGT is 100 percent focused on its private banking business and has thus managed to become a leading global private bank, the jury wrote in its assessment. Despite the difficult circumstances caused by the pandemic, LGT recorded significant growth. This makes it a worthy winner in the pure play category, it said. It is the second year in a row that LGT has won the prestigious accolade. With its unique philanthropy offering, LGT also stood out from its competitors and was named as the best private bank for philanthropists This recognition is particularly gratifying given that LGT Middle East recently published the first study on philanthropy in the Middle East, in collaboration with the Cambridge Centre for Strategic Philanthropy.
“When highly qualified colleagues and experts appreciate and honor our company, our work and our offerings, it is a great confirmation that we are on the right track,” said Sebastian Goeres Senior Executive Officer LGT Middle East. “It's an incentive to continue developing and improving – because we naturally want to continue impressing our customers with attractive offers and innovative products in the future."