Europe-based LGT unveils wealth management business in Thailand

LGT Securities will complement the company's private bank efforts in Hong Kong and Singapore.

LGT, the international private banking and asset management group owned by the Princely House of Liechtenstein, opened its wealth management business in Bangkok at Thailand.

LGT’s subsidiary in the country will be known as LGT Securities (Thailand) Limited. They will provide investment and wealth management services to Thai clients from the Bangkok office and complement LGT’s existing private banking efforts in Hong Kong and Singapore.

The Thai market expansion is overseen by industry veteran Karn Karuhadej and the local office will be led by CEO, Ekkapob Makeguljai.

“We see Thailand as an important growth market, and the establishment of an onshore presence reflects our ambition to continue our growth path in Asia,” H.S.H. Prince Max von und zu Liechtenstein, CEO LGT said.