Talk:LGT Group

This article fails to include a literal explanation or expansion of the acronym LGT. Horkana 10:04, 22 November 2006 (UTC)

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Lead section
Hi all, I would like to update the lead section as follows. Highlighted in yellow the content that I would add or remove, the text in yellow and bold print are the reasons why. What do you think? --ManuHarrer (talk) 09:16, 4 December 2018 (UTC) {{Hidden LGT Group is the {{highlight|largest family-owned}} private banking and asset management group {{highlight| of the princely House of Liechtenstein in Europe. (In order to remove redundacies - see further - as well as highlight the notability of the Group}}. LGT, originally known as The Liechtenstein Global Trust, is {{highlight| the largest family-owned private wealth and asset manager in Europe, wholly }} owned by the {{highlight|princely House of Liechtenstein through the}} Prince of Liechtenstein Foundation {{highlight|and led by its family members H.S.H. Prince Max von und zu Liechtenstein (CEO) and H.S.H. Prince Philipp von und zu Liechtenstein (chairman)}}.
 * headerstyle = background: #3BB9FF;
 * header = Reviewed lead section
 * content =

LGT is headquartered in Vaduz, Liechtenstein, with {{highlight| approximately (I would delete "approximately" because we have an exact number)}} 3188 employees in over 20 offices around the globe, Asia, {{highlight|Australia,}} Europe, the Middle East{{highlight|, and}} North America, {{highlight| and South America }}.

LGT, operates through several divisions:


 * Private Banking - LGT Private Banking provides wealth management services to private clients
 * Alternative Asset Management - LGT Capital Partners is an alternative investment manager, with around $60 billion of capital invested in investment funds, hedge funds and private equity investments
 * {{highlight| Venture }} Philanthropy {{highlight|and Impact Investing}} - LGT invests in social enterprises such as M-kopa through the LGT Venture Philanthropy Foundation {{highlight|and LGT Impact. }}

An expanded and better sourced history section
Hi all, I would like to improve the history section, by expanding the text, and re-writing it in prose, as well as by adding additional sources. Here is my proposal for an expanded and sourced history section in prose format (in bold what has been added):

{{Hidden
 * expanded=true
 * headerstyle = background: #00A0F0
 * header = {{color|white|Reviewed lead section}}
 * content =

History
LGT Group traces its history back to 1920, when Bank in Liechtenstein (BIL) was founded with the objective to attract capital for the economic development of the Principality of Liechtenstein.[6] In May 1921, BIL launched its operations with 10 employees based in ground-floor offices inside the main government building. During the global economic crisis in the 1930s, BIL and its shareholders were confronted with major problems, leading the Princely House of Liechtenstein to acquire a controlling interest in the bank.

'''Until the 1960s, the bank’s main focus was to support and provide financing for the expansion of Liechtenstein’s economy and business sector. BIL did so primarily through the provision of financial services and loans. Over time, however, the commercial opportunities available to it in the local economy became too narrow, leading it to grow its operations to become an international commercial bank. Following this transformation, BIL began to expand into various segments of the banking industry, with a particular focus on activities pertaining to mortgages, stock markets and foreign exchange.'''

In 1970, the bank's share capital was taken over by the recently established Prince of Liechtenstein Foundation. During the 1980s, BIL opened representative offices in Europe, the US and Asia, including in London, which was its first foreign business base, and in Hong Kong in 1986.

In 1986, BIL went public and in 1989, acquired GT Management PLC in London. In 1990, BIL GT Group AG was founded and H.S.H. Prince Philipp became Chairman of the Board of Directors. Six years later, BIL GT Group was renamed Liechtenstein Global Trust and BIL became LGT Bank in Liechtenstein AG. In 1998, the GT Asset Management division was sold and the bank went private. It was then that LGT decided to focus on private banking and asset management and to further expand its international operations.

In 2003, LGT acquired Schweizerische Treuhandgesellschaft STG from Swiss Life, opened LGT Bank Deutschland & Co. OHG and was granted a banking license in Singapore. Over the next four years, it launched LGT Bank Switzerland and opened LGT Bank Österreich. In 2006, H.S.H. Prince Max von und zu Liechtenstein became CEO.

LGT Venture Philanthropy, an independent charitable foundation, was founded in 2007, on the initiative of LGT CEO H.S.H. Prince Max von und zu Liechtenstein. In 2009, LGT sold its trust and fiduciary division (LGT Treuhand) to First Advisory Group and acquired Dresdner Bank (Switzerland). '''In 2011, it sold LGT Bank Deutschland & Co. OHG. In the years that followed, LGT opened a branch in Salzburg, Austria (2012), as well as LGT Middle East in Dubai (2013).'''

Between 2012 and 2017, LGT acquired several new portfolios and operations, including Clariden Leu’s ILS boutique (2012), a private banking portfolio from HSBC in Switzerland (2014), a majority stake in London-based wealth management partnership Vestra Wealth (2016), the private banking operations of ABN AMRO Asia in Asia and the Middle East (2016) and European Capital Fund Management (2017).

In 2019, LGT opened a branch in Thailand (LGT Securities Thailand) and also entered the Indian market through the acquisition of a majority stake in Validus Wealth (FDI approval pending). Later that year, the group acquired Aspada, a leading India-focused investment fund which was previously owned by the Soros Economic Development Fund (SEDF) as a sole shareholder, to expand its impact investing platform LGT Lightstone.

}} In my proposal (see above) I would not add the following bullet points (already present in the article), since they lack the sources to back them up and cannot therefore be verified: -- ManuHarrer (talk) 12:12, 18 November 2019 (UTC)
 * 1983 Founding of Bilfinanz und Verwaltung AG, Zurich
 * 1984 Founding of BIL Treuhand AG, Vaduz
 * 2005 STG became LGT Schweizerische Treuhandgesellschaft
 * 2015 Medici Firma & LGT acquired portfolio of Private Banking assets from HSBC in Switzerland