LGT will once again have a private banking office in Germany. The corresponding approvals have been obtained from the authorities. In Hamburg a highly successful team of about 15 people under the leadership of Torsten Hein and Jörg Finck is starting to build the business in northern Germany.
Clients in Germany will have access to the entire range of LGT products and services. In addition to traditional investment services such as advisory and portfolio management, this will include wealth planning, international real estate financing, impact investments, alternative investments such as private equity and dedicated philanthropy advisory services. LGT places a special focus on sustainable investments, a segment in which it has a long-standing and very successful track record. Clients in Germany will also have the possibility to invest in the Princely Strategy alongside the Princely Family of Liechtenstein.
H.S.H. Prince Max von und zu Liechtenstein, Chairman LGT: “Germany is one of the largest private banking markets in Europe. It is therefore logical for us to be present there. Having locations in Germany will enable us to advise our clients locally. It also means that qualified and committed relationship managers in the German market will have the opportunity to work for a highly successful, leading international private bank. Thanks to our long-standing experience in managing significant assets and our services, especially in the area of private markets, sustainable investments and UHNWI services, our clients in Germany will have access to a unique offering.”
The German subsidiary will be led by Florian Dürselen, a member of the Executive Board and Head Private Banking at LGT Bank. Andreas Loretz, the long-standing Department Head Germany/Austria at LGT Bank, will be responsible for the operational management of the client business. The newly established subsidiary of LGT Bank Ltd. will be headquartered in Munich.
LGT’s activities in Germany will initially be carried out by the new team in Hamburg, which has long-standing expertise in private banking. In a next step, the private bank will build the business in central and southern Germany. In addition to Hamburg and the headquarter in Munich, further locations in Germany are also being considered.