September 22, 2017 6:42 PM ET

Capital Markets

Company Overview of LGT Group Foundation

Company Overview

LGT Group Foundation operates as an asset management arm of Prince of Liechtenstein Foundation. LGT Group Foundation, through its subsidiaries, provides various wealth and asset management services in Liechtenstein, Switzerland, Europe, the Americas, and Asia. The company provides banking, investment management, consulting, investment advisers, and investment management services. It also offers trust services, fund services, research services, and other financing services. LGT Group Foundation was founded in 2001 and is based in Vaduz, Liechtenstein.

Herrengasse 12

Vaduz,  9490

Liechtenstein

Founded in 2001

3,103 Employees

Phone:

423 235 11 22

Fax:

423 235 15 22

Key Executives for LGT Group Foundation

Group Chief Executive Officer and Chairman of the Board
Age: 48
Group Chief Financial Officer
Age: 52
Chief Executive Officer of LGT Financial Services
Age: 55
Chief Executive Officer of LGT Capital Partners
Age: 56
Chief Executive Officer of LGT Wealth Management International
Compensation as of Fiscal Year 2017.

LGT Group Foundation Key Developments

LGT Group Foundation Reports Consolidated Earnings Results for the First Half Ended June 30, 2017; Provides Earnings Guidance for the Second Half of 2017

LGT Group Foundation reported consolidated earnings results for the first half ended June 30, 2017. For the first half, the company reported total operating income of CHF 707.9 million compared to CHF 576.3 million a year ago. Group profit was CHF 151.8 million compared to CHF 124.4 million a year ago. Net interest and similar income was CHF 100.2 million compared to CHF 90.6 million a year ago. The company is confident that its stronger presence in key wealth management markets will result in further profitable growth in the second half of 2017.

LGT Group Seeks Acquisitions

LGT Group Foundation is on the lookout of acquisitions. Prince Max von und zu Liechtenstein, the Chief Executive officer of the company recently commented, "Our stable ownership structure, long-term strategy, strong capital base and unifying corporate culture are success factors in the further development of the business - be it organic or through acquisitions."

LGT Reports Earnings Results for the Year Ended December 31, 2016

LGT reported earnings results for the year ended December 31, 2016. For the year, the company reported group profit of CHF 230 million, an increase of 9% compared to CHF 211 million a year ago. Total operating income increased 5% year-on-year to CHF 1.2 billion, while total operating expenses were CHF 895.4 million, a rise of 9% compared to CHF 818.8 million a year ago. The group's net interest and similar income surged 50% to CHF 172.3 million from CHF 115.3 million a year ago. Income from services rose 5% to CHF 823.9 million from CHF 783.7 million due to the larger asset base, while income from trading activities and other operating income slumped 16% year-on-year to CHF 210 million.

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