Liechtenstein-based LGT is expanding its onshore efforts with the launch of wealth management services for clients in India.
LGT will offer wealth management services through its Indian entity LGT Wealth India, according to a statement.
«Our aim is to offer a fresh approach to wealth management. The plan is simple: put our clients first by providing a transparent service, designed around what is right for them,» said. LGT Wealth India director and chief executive Atul Singh.
«Our people have extensive wealth management experience gained at some of the world’s leading financial institutions. By working closely together, we can draw on our varied skills and knowledge, allowing us to treat each portfolio individually and meet the unique needs of every client.»
Onshore Expansion
Currently, LGT Wealth India employs more than 200 staff with a presence in 14 cities including Mumbai, Delhi, Chennai and Bengaluru.
The latest launch marks yet another example of ongoing efforts by LGT to expand its onshore businesses in Asia. In addition to India, it is actively expanding in other onshore markets such as Australia through the acquisition of wealth manager Crestone and Japan where it reportedly hired around two dozen ex-Credit Suisse bankers including Yoshitaka Nagakura.
