In view of the significance of the Hong Kong market as well as capitalizing on Hong Kong as a first-class international financial centre, the local banking license will allow LGT to offer discerning private and institutional clients an alternative booking centre as well as an enhanced local platform.
LGT opened its first Asian representative office in Hong Kong in 1986, followed by Tokyo in 1996 and Singapore in 2001, upgrading to a full Singaporean merchant bank license in 2003. Also since 1986 LGT has maintained an SFC-licensed (Securities and Futures Commission of Hong Kong) investment management company in Hong Kong. Twenty-five years of Asian experience have earned LGT an excellent reputation as a first-class private bank.
LGT has also made significant investments into strengthening its investment team and investment delivery platform in order to offer its clients the most professional independent investment advice and investment management capabilities.
H.S.H. Prince Max von und zu Liechtenstein, CEO LGT Group: The establishment of a booking platform in Hong Kong is another important step in implementing our international growth strategy which we have embarked on more than ten years ago. The fact that we will from now on be present with two banks in Asia reflects the importance of the Asian markets for our group. Already today, one in every five private clients of LGT originates from Asia.