Reference

In the years that followed, LGT opened a branch in Salzburg, Austria (2012),[26] as well as LGT Middle East in Dubai (2013).[27] Between 2012 and 2017, LGT acquired several new portfolios and operations, including Clariden Leu’s ILS boutique (2012),[28] a private banking portfolio from HSBC in Switzerland (2014),[29] a majority stake in London-based wealth management partnership Vestra Wealth (2016),[30] the private banking operations of ABN AMRO Asia in Asia and the Middle East (2016)[31] and European Capital Fund Management (2017).[32] During the global economic crisis in the 1930s, BIL and its shareholders were confronted with major problems, leading the Princely House of Liechtenstein to acquire a controlling interest in the bank.[7] Until the 1960s, the bank’s main focus was to support and provide financing for the expansion of Liechtenstein’s economy and business sector. LGT, originally known as The Liechtenstein Global Trust, is owned by the princely House of Liechtenstein through the Prince of Liechtenstein Foundation and led by its royal family members H.S.H. Prince Maximilian von und zu Liechtenstein (CEO) and H.S.H. Prince Philipp von und zu Liechtenstein (chairman).[3] Organization[edit] LGT is headquartered in Vaduz, Liechtenstein, with a key presence in Zürich, Switzerland. The acquisition was completed in 2022.[37] Controversy[edit] The German tax authorities commenced numerous audits and prosecutions for tax fraud in the tax haven of Liechtenstein, based on information on a compact disc acquired by the German secret service Bundesnachrichtendienst. The CD, containing large amounts of information on accounts held by German citizens and other nationals with the bank, was allegedly obtained for a sum of €4 million from a former employee or contractor of the bank.[38] Information was also forwarded to many other European states and Australia, leading to successful investigations there.

LGT has completed its acquisition of LGT Vestra. It achieved this by purchasing the remaining equity held by executive partners in the firm.

LGT Vestra is one of the leading wealth managers in the UK and has enjoyed considerable success since inception in 2007, particularly since LGT's acquisition of a majority stake in March 2016. The firm has an entrepreneurial approach and provides its clients with high quality impartial advice, free from conflicts of interest.