LGT Group, the world’s largest family-owned private bank and asset manager, is open to more inorganic opportunities in India to expand its footprint.

The Liechtenstein-based private banker, which has global assets under management of more than $300 billion, has forayed into India’s burgeoning private banking and wealth management sector with incorporation of LGT Wealth India.

“…but we are open to any interesting inorganic opportunities to expand our business,” Prince Max said.

Prince Max said that LGT Wealth India will aim at becoming a top-tier, full-service platform for high net worth individuals (HNI) and ultra-high net worth individuals. “In the next five years, our aim is to be among the top three private client businesses in the country,” Prince Max said.

Prince Max also highlighted the growing appetite among HNI and ultra HNI clients for private equity investments in India. “We do see demand increasing from HNI/UHNI investors to allocate part of their assets to this asset class,” the LGT Group chair said.