LGT was designated "Best Private Bank for Growth Strategy" and "Best Private Bank for Socially Responsible Investing" by the Financial Times publications PWM (Professional Wealth Management) and The Banker. These prestigious awards were presented yesterday evening in London.
"We are very pleased that we were able to assert our global position against numerous well-known competitors in these two important categories", says Thomas Piske, CEO LGT Private Banking. "Our consistently strong growth and good results are the outcome of persistently pursuing our international growth strategy. Receiving these accolades for our efforts both in terms of our strategic direction as well as our product offering from a renowned institution such as the Financial Times is confirmation of our efforts. We will continue to invest in the development of our business and expand in a targeted manner our investment expertise in sustainable products and impact investments, which benefits our clients, particularly in this difficult investment environment."
"A highly competitive category"
In the growth strategy category, LGT impressed the jury following a quantitative examination of various parameters such as the asset flows, profitability, number of relationship managers and number of clients, as well as a qualitative assessment of the results. LGT was also able to assert itself against numerous other competitors in the social responsibility category. "This is an incredibly competitive category, with a handful of leading players jousting for pole position", says Yuri Bender, jury member and Editor-in-Chief Professional Wealth Management. "LGT has established itself in the vanguard of this movement, after many years building up its expertise."
The Global Private Banking Awards are among the most prestigious awards in the private banking sector. They were presented this year for the eighth time by the Financial Times publications Professional Wealth Management and The Banker. A total of 120 banks from over 63 countries submitted applications in the competition for the prestigious awards. An independent jury assessed, among other criteria, the business and growth strategies and the client relationship management of the banks. They also examined to what extent the banks’ portfolio management, asset management and their product strategies were aligned with the needs of their clients.