LGT Group is particularly strong in institutional asset management and alternative investments which are usually of interest to family offices. LGT Capital Partners is its institutional asset management unit, and has more than US$55 billion ($72 billion) in AUM. Its institutional customers include more than 400 pension funds, insurance companies, sovereign wealth funds and foundations including the Princely Family of Liechtenstein.
For FY2017, LGT Group announced a 23% y-o-y rise in net profit to CHF283.4 million. Net asset inflows, excluding acquired assets, amounted to CHF17.7 billion, which corresponds to organic growth of 12%. As at end 2017, AUM increased by 33%, or CHF49.7 billion, to CHF201.8 billion. This includes the CHF18.3 billion in AUM from the acquisition of ABN AMRO’s wealth management units in Singapore, Hong Kong and Dubai last year. Around a quarter of the bank’s total AUMs are from its institutional asset management business. The bank’s Asian private banking AUMs of CHF50 billion were boosted by the acquisition of ABN Amro’s Singapore and Hong Kong portfolio.
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