At the Global Private Banking awards held at the end of October, the Financial Times publications Professional Wealth Management and The Banker recognized the world’s best private banks for the 11th time. LGT once again impressed the 15-member, independent jury of the renowned awards and defended its title as Best Private Bank for Alternatives.
“We are very pleased that we were able to assert our position in the alternative investments category vis-à-vis the distinguished competition,” says Thomas Piske, CEO LGT Private Banking. “In the current market environment, investors are looking for alternatives in order to reduce the risk in their portfolios and tap new sources of revenue. Alternative investments such as private equity, private debt and hedge funds offer exactly that possibility, which is why both institutional and private clients are increasingly investing in the segment. This award underscores the fact that we provide our clients with a very good investment offering in this asset class.”
LGT began to invest in alternative investments over 20 years ago and today has extensive experience in the asset class and very actively fosters its global network of investment managers. This gives it access to attractive transactions and the necessary strategic and business expertise. This is vital for success, a fact that was also confirmed by Yuri Bender, a jury member and Editor-in-Chief of PWM. He sees LGT’s success in alternative investments as lying clearly in LGT’s long-term approach and ongoing commitment to this segment: “This category was hotly contested. But many of the providers have dipped in and out of alternatives according to prevailing fashion. With its long-term commitment and broad expertise in alternative investments, LGT therefore clearly stood out among the other contenders.”