LGT received the Best Private Bank for the Next Generation and Best Private Bank for Impact and Sustainable Investing awards at this year’s prestigious PWM/The Banker Global Private Banking Awards. It also received a Highly Commended distinction in the Best Private Bank for Alternatives category.
The Financial Times publications Professional Wealth Management (PWM) and The Banker hosted their 17th annual Global Private Banking Awards in London yesterday evening. LGT was named Best Private Bank for the Next Generation. "Over the next ten years we will see an unprecedented transfer of wealth around the world", says Olivier de Perregaux, CEO of LGT Private Banking. "This is a deeply personal and emotional journey, during which not only money, but also values, culture and the leadership of family businesses are passed on. We are committed to supporting the next generation on this journey with our expertise, experience and tailor-made solutions." LGT impressed the panel of judges, which consisted of over 20 industry experts from Europe, Asia and North America, with its expertise and clear emphasis on this topic. "LGT understands both the challenges and the opportunities associated with wealth transfer, and focuses on developing bespoke services for the next generation", says Yuri Bender, a jury member and Editor-in-Chief of PWM.
LGT was also named Best Private Bank for Impact and Sustainable Investing. "The jury commended LGT for its clear focus on portfolio decarbonisation", says Yuri Bender. "What is equally noteworthy is the way the bank connects its clients with global opinion leaders on climate change, enabling direct exchanges on the latest insights and developments." Patrick Huber, Head Business Development & Transformation Investment Solutions at LGT says, "For us, sustainable investing is neither a short-term trend nor a niche topic, but one of the strategic pillars of our long-term business development. Our expertise in sustainable investment solutions and impact investing is important to our clients. Many of them – especially our younger clients – want to understand the impact their investments have on pressing issues such as climate change, and how they can help drive meaningful solutions."
In addition to the two awards, LGT received a Highly Commended distinction in the Best Private Bank for Alternatives category. "Our owner, the Princely House of Liechtenstein, has successfully invested in alternative investments such as private equity for decades. This tradition has given rise to deep expertise that also benefits our clients", says Olivier de Perregaux. In its report, the jury noted that, "While many banks are only now jumping on the bandwagon and offering private market products, LGT began focusing on alternative investments many years ago as part of its strategy", an approach it described as being forward-looking and particularly commendable.