LGT Private Bank Switzerland
Origin of LGT Private Bank Switzerland
The foundation of Bilfinanz & Verwaltung in 1983 was the start of LGT Bank (Switzerland) Ltd. The bank has branches in Zurich, Lugano, Berne, Basel, Lausanne, and Geneva. In 2009 LGT acquired Dresdner Bank (Switzerland) and in 2014 a selected private banking portfolio from HSBC Switzerland. LGT Bank (Switzerland) Ltd. is part of the LGT Group. The Princely House of Liechtenstein owns the Group. In 1997 LGT Bank established LGT Capital Partners, with 350 employees from 41 different nationalities and ten offices worldwide.
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Philosophy and Strategy
LGT Bank (Switzerland) Ltd. is making their decisions quickly and independently. This can be achieved thanks to their structure and efficient management. The approach of LGT is holistic, and long-term and the company promotes the sustainable development of the environment and the society. The client’s needs are carefully analyzed, and the approach to portfolio management is very active.
The bank operates in all important investment and financial centers, and this enables it to realize and identify exciting investment opportunities around the world. The steps of the investment process are based on five objectives, in-depth analysis, appropriate strategy, individual solution, customized implementation and continual review.
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Services and Solutions
The services LGT offers to their customers are portfolio management for institutional and private investors, investment advisory, financing and loans, foreign exchange and securities trading, wealth planning and impact and philanthropic investment. The portfolio management offers five different strategies, income, conservative, balanced, growth and equities. The investment advisory can be classic advisory, active advisory or expert advisory.
LGT Bank (Liechtenstein) Ltd. offers several financing services. Mortgages for reals estate financing, Lombard loans, and trade finance. The customer can choose from different investment products. Alternative investments, multi-asset solutions, the Princely strategy, equities and equity funds, sustainable investments, bonds and bond funds, call-money, fiduciary investments, time deposits, medium-term notes or LGT bonds and foreign exchange or derivatives.
LGT Capital Partners handle the asset management. The areas of expertise are private equity, private debt, real estate, emerging market bonds, convertible and high-yield bonds, insurance-linked strategies and hedge funds. LGT Capital Partners invests primarily in alternative investments and has around 400 pension funds as their customers. The assets managed are over 50 bn USD.
Risk Management
The corporate risk policy defines the approach to risk and is supervised by the Board of Directors. For each risk, which is clearly defined, limits are set. The limits are continually monitored. The operational units are responsible for the risk management tasks, but the Executive Board is responsible for the overall risk direction. The banks operating activities are exposed to foreign currency and interest rate risks.
These risks are part of the market risk. The business risk covers the unexpected adverse impact on profitability. Changes in the economic environment and losses from strategic decisions are part of the strategic risk. LGT has a very conservative lending policy. Loans to clients are mostly covered by assets, and conservative limits are imposed for external banks.
The credit risk includes the risk resulting in such transactions. The liquidity risk covers the ability to meet financial obligations. The operational risk covers system failure and human error. A change in the law which might negatively affect a business is covered by the regulatory risk and the damage to the reputation of the bank by the reputation risk.
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Added-Value Services
LGT supports culture, art, and selected sports. LGT supports Audi Sport ABT Schaeffler, a team in the Formula E. The bank supports for centuries young musicians. The Liechtenstein Ski Association has been supported for over 20 years. LGT sponsors several top-class equestrian tournaments. The bank is a partner of TEDxZurich the conference for innovative and inspirational ideas. The princely art collection is one of the biggest private collection in the world.
Over more than 400 years the princes of Liechtenstein have been collecting art. The collection consists of more than 1700 paintings and sculptures. The princely house of Liechtenstein is one of the most significant clients of LGT Bank. Impact investment and philanthropy are an essential business field of LGT. For more than 25 years external asset managers are an integral part of LGT. The e-portal for the external asset managers is called LGT FINet. They have access to up-to-date information and regulatory documents. To their customers, LGT offers the LGT E-Class Banking, a very secure application which provides all the services of the bank online.
LGT Private Bank Switzerland – Facts & Figures
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| Address | Lange Gasse 15, 4002 Basel |
|---|---|
| Phone | +41 61 277 56 00 |
| Website | www.lgt.ch |
| Year of foundation | 1983 |
| Subsidiaries | 20 |
| No. of employees | 4’114 |
| Rating | Moody’s Aa2 / S&P A+ |
| Chairman | Olivier de Perregaux |
| CEO | Heinrich Henckel |
| Eligible Regulatory Capital | 6.030 bn CHF |
| Tier 1 Ratio | 22.08 % |
| Leverage Exposure | 71.407 bn CHF |
| Leverage Ratio | 9.10 % |
| Liquidity Coverage Ratio | 201 % |
| Risk Weighted Assets | 23.584 bn CHF |
| Loans outstanding | 19.404 bn CHF |
| Assets under Management | 285.802 bn CHF |
| Assets under Management / Employees | 69.470 m CHF |
| Net profit | 352.772 m CHF |
| Net Profit / Employees | 85’749 CHF |
| Cost / Income Cost Ratio (CIR) | 75.20 % |
| Return on Equity | 5.83 % |
| Own structured products | No |
| Foreigners accepted | Yes |
| Presence abroad | LGT Group: Europe, Asia, Middle East, Americas, Australia |
Source: Annual Report 2021
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