LGT has appointed two renowned individuals in the field of sustainability to join the board of its Singapore unit.

LGT Singapore has appointed Neo Gim Huay and En Lee to its board of directors, according to a statement, effective June 2 this year. 

Neo is currently a member of the managing board and head of the center for nature and climate at the World Economic Forum (WEF). In addition to her WEF role, Neo is also a board trustee of the Singapore Institute of Technology, member of the Creating Shared Value Council at Nestle, governing council member of the Water Resources Group, World Bank and special advisor to the CCICED (China Council on International Cooperation on Environment and Development).

Founding Partner of Lightrock

Prior to joining the WEF, Neo held various managing director roles at Temasek International and was previously a management consultant with McKinsey in the US and Africa.

Lee joined LGT in 2013 and is currently its Asia head of sustainable and impact investments. He is also a founding partner and senior advisor of Lightrock, the bank’s global impact investing platform, an investment committee member of LGT Venture Philanthropy and has served on LGT’s global sustainability board.

Outside of the bank, Lee is a member of various groups and boards focused on sustainability, impact investing and philanthropy. Prior to joining LGT, Lee was an executive director at Goldman Sachs in Hong Kong, advising on investment funds. 

Sustainable Efforts

Since 2007, LGT has been positioning itself as a leader in sustainable investing and has grown its offering across different portfolio management mandates and asset classes. It was a founding member of the UN’s ‘Net-Zero Banking Alliance’ and has signed an agreement with Swiss tech firm Climeworks to filter part of LGT’s greenhouse gas emissions from the air and permanently store them in the ground from 2025. 

The bank seeks to be the leading provider of sustainable investment solutions by 2025.

Important Contribution

«As a company with a long-term orientation and as investors and citizens, we must focus on addressing how industries and consumption can be sustainable and how we will get there,» said H.S.H. Prince Max von und zu Liechtenstein, chairman and CEO of LGT Group.

«Competently implemented investment strategies with investments in well-managed, sustainability-oriented companies will make an important contribution to reducing environmental and social issues and generating attractive returns,» he added.

New Board Member

In addition, LGT Group Foundation has appointed to its board of directors Peter Nussbaum, effective immediately. Nussbaum is a German national who serves as a board member of various companies and foundations of the Princely House of Liechtenstein.  

Previously, he was the co-founding partner of international law firm Milbank’s Munich office and co-head of Freshfields Bruckhaus Deringer’s global private equity group.