Published by Wealth Briefing Asia – 15th February 2017
WealthBriefingAsia exclusively confirms significant hire at LGT in Singapore. WealthBriefingAsia can confirm exclusively from sources that LGT has added to its Singapore senior management with the hire of Elizabeth Hart, formerly of chief executive at Rothschild Wealth Management.
Hart was previously at Rothschild for 12 years and starts her position as managing director at the beginning of March. This follows on from the Liechtenstein bank’s purchase late last year of ABN AMRO’s wealth management business in Asia.
Liechtenstein-headquartered LGT declined to comment when approached by this publication.
In July, former HSBC Private Bank employee Michael Hua, who left his Singapore-based role three months ago, resurfaced at LGT.
Late last year the bank bought the Asia private banking operations of ABN AMRO, part of a process of Asia-based merger and acquisition activity that has seen a number of banks sell up operations.
In August last year, LGT reported SFr4.4 billion ($4.4 billion) of net asset inflows in the first six months of 2016, equating to an annualised growth rate of 7 per cent.
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