They are among the most prestigious in the financial sector: the Financial Times Group’s Private Banking Awards. And this year, two of them went to LGT.
On 26 October, LGT was designated «Best Private Bank for Growth Strategy» and «Best Private Bank for Socially Responsible Investing» by the Financial Times Group’s publications PWM (Professional Wealth Management) and The Banker.
The bank successfully asserted its global position against numerous well-known competitors: in the growth strategy category, LGT impressed the jury following a quantitative examination of various parameters such as the asset flow, profitability, number of relationship managers and number of clients, as well as a qualitative assessment of the results.
For the company, which has been fully controlled by the Princely Family of Liechtenstein for over 80 years, the consistently strong growth and good results are the outcome of persistently pursuing its international expansion strategy.
Expertise in Sustainable Investments
LGT was also able to assert itself against numerous other competitors in the sustainable investments segment. «This is an incredibly competitive category with a handful of players jousting for pole position», says jury member and Editor-in-Chief of PWM Yuri Bender.
«LGT has established itself in the vanguard of this movement, after many years building up its expertise in sustainable investments and impact investing,» Bender added.
Prestigious Awards
The Global Private Banking Awards are among the most prestigious awards in the private banking sector. They were presented this year for the eighth time by the Financial Times publications Professional Wealth Management and The Banker.
A total of 120 banks from over 63 countries submitted applications for various categories in the competition for the prestigious awards. An independent jury assessed, among other criteria, the business and growth strategies and the client relationship management of the banks.
They also examined to what extent the banks’ portfolio management, asset management and their product strategies were aligned with the needs of their clients.
