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LGT again distinguished as a leading international private bank

November 14, 2011
Vaduz/Frankfurt, November 24, 2011. LGT Group, the international private banking and asset management group, has this year again been named as one of the leading private banks in German-speaking countries, having fulfilled the strict criteria of the Handelsblatt Elite Report. The group was awarded the highest rating "summa cum laude" at the award ceremony held yesterday in Munich. LGT has continuously received top accolades for over ten years from a range of external independent institutions for its advisory expertise and products.

The large number of wealth managers both at home and abroad makes it difficult for private individuals in particular to find the right partner. Ultimately, people are committing their own funds and they want a bank that understands their personal requirements and has tried-and-tested wealth management concepts. Independent tests conducted by various professional institutions provide a valuable guide to selecting the right partner. 

"Convincing wealth management concepts based on a consistent strategy"
"LGT should always be considered by people who want their assets to be managed in Liechtenstein or Switzerland. Its concepts are convincing due to their consistent, inner strategy", concluded the Elite Report's editorial team in its recently published test journal "Die Elite der Vermögensverwalter 2012" (The Elite Wealth Managers 2012). Three experienced asset managers and 178 high-net-worth individuals posed as potential clients to test out 136 institutions selected from an initial pool of 348 providers. LGT counts among the “best of the best”, which after thorough analysis made it into the final selection of the specialist jury from the 49 providers rated as “recommended”. It was the only institution to be rated as a "leading private bank" in Germany as well as in Switzerland, Liechtenstein and Austria. The Elite Report praised the bank's international orientation and investment expertise in particular: “Clients with an international focus know and value this big institution. Promising investment opportunities are identified, analyzed and exploited in all markets," says Hans-Kaspar Schönfels, founder and editor-in-chief of the Elite Report. He continues: “The fund used by the owner family to manage their assets can certainly be interesting. But also in the area of classical portfolio management LGT is thoroughly reliable and has a large client base.”

Recognition as incentive
H.S.H. Prince Max von und zu Liechtenstein, Group CEO of LGT, was delighted with LGT's latest top award: "Having already been rated best private bank in Switzerland by the business magazine Bilanz this year, the rating of the Elite Report confirms that we are among the leading private banks in German-speaking countries. It is especially in this difficult, volatile market environment that clients look for stability and quality and value our strategy based on tradition, innovation and a long-term perspective. These awards encourage us to keep improving. We aim to achieve good results whatever the market situation and to be a reliable and competent partner for our clients."

LGT Group in brief
LGT Group is an international private banking and asset management group domiciled in Vaduz, Liechtenstein. The company has been owned for eighty years by the Princely House of Liechtenstein. With around 1900 employees, LGT Group is represented in more than 20 locations in Europe, Asia and the Middle East. At June 30, 2011 LGT Group managed assets of CHF 88.1 billion. 

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