Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now

LGT Group open to more acquisitions to expand India footprint

Prince Max von und zu Liechtenstein, LGT Group Chairman, told Moneycontrol that the private banking and wealth management business in India has a lot of potential to grow organically

Mumbai / October 21, 2022 / 02:15 PM IST
LGT Group CEO Prinz Max von Liechtenstein. Copyright: Brigitt & Eddy Risch.

LGT Group CEO Prinz Max von Liechtenstein. Copyright: Brigitt & Eddy Risch.

LGT Group, the world’s largest family-owned private bank and asset manager, is open to more inorganic opportunities in India to expand its footprint.

The Liechtenstein-based private banker, which has global assets under management of more than $300 billion, has forayed into India’s burgeoning private banking and wealth management sector with incorporation of LGT Wealth India.

In an interview with Moneycontrol, LGT Group Chairman H.S.H Prince Max von und zu Liechtenstein, said that the India private banking and wealth management business has a lot of potential to grow organically.

“...but we are open to any interesting inorganic opportunities to expand our business,” Prince Max said.