LGT, the international private banking and asset management group owned by the Princely House of Liechtenstein, is expanding its Asian presence in the wealth management market.

This week, LGT launched LGT Wealth India, to offer wealth management services to clients in India through its Indian entity.

Majority owned by LGT Group, LGT Wealth India is present in 14 cities across India, including Mumbai, Delhi, Chennai and Bengaluru, the firm said in a statement yesterday.

LGT Wealth India said it is gaining a foothold in the Indian wealth management market and is strengthening its Asia presence, with offices in Hong Kong, Singapore, Thailand, Australia and India.

LGT Wealth India is a private limited company, registered with the Securities and Exchange Board of India as a portfolio manager to provide financial services to its clients.

Atul Singh, who is the director and CEO of LGT Wealth India, has over two decades of experience with MNCs and India’s private banking sector. Singh has also held senior leadership positions at high-profile international institutions abroad and in the country. 

Singh said: “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.” 

“We have attracted some of the industry stalwarts and best talent, drawing together in-depth experience across multiple asset classes. 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,” he added.

HSH Prince Max von und zu Liechtenstein, chairman at LGT, said: “As a private, family-led company that has been owned by my family, the Princely House of Liechtenstein, for over 90 years we have always valued long-term collaboration over short-term growth.” 

“Uniting our long-standing expertise in the management of large assets with our entrepreneurial approach has allowed us to grow continuously and sustainably. Combining the expertise of a global private bank with an experienced and tenured India specialist team, we are committed to supporting our clients in India and generating long-term sustainable value,” he continued.

LGT manages assets of SFr284.7 billion ($297.4 billion) for wealthy private individuals and institutional clients, working from more than 20 locations in Europe, Asia, the Americas, Australia and the Middle East.