The LGT Group is making independent companies out of its three business units. In future, they will be held directly by the Prince of Liechtenstein Foundation. Prince Maximilian of Liechtenstein is to become Chairman of all three companies.

In close consultation with its owners, the Princely Family of Liechtenstein, the Foundation Board of the LGT Group has decided that the Group’s three business units in private banking (LGT Private Banking), asset management (LGT Capital Partners) and impact investing (Lightstone) will be directly held by the Prince of Liechtenstein Foundation in the future, as detailed in a press release issued by LGT. All three business units are to be managed as independent companies and the LGT Group structure will be dissolved, it explains further. The changes will enter into force as of the start of 2021.
The decision to dissolve the Group structure and create three autonomous units “will allow the three businesses to develop their strategy in line with their specific needs and in response to the changing market conditions”, comments Prince Maximilian of Liechtenstein in the press release. The current CEO of the LGT Group will become Chairman of the three new companies in the wake of the restructuring project. The present Group Chairman, Prince Philipp of Liechtenstein, is stepping down from his role to enter retirement.
The LGT Private Banking business unit is the largest of the three new companies, with 3,100 employees and around 170 billion Swiss francs in assets under management. It will be managed by Olivier de Perregaux, who is currently CFO of the LGT Group. Roberto Paganoni will remain is his role as CEO of LGT Capital Partners to manage the newly independent company. LGT has also announced the Lightstone will remain under the management of existing partners.

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