S.D. Prince Maximilian of Liechtenstein
LGT Group is a financial company based in Vaduz in Liechtenstein. It is one of the companies of the Princely House of Liechtenstein, which also leads the LGT personally. So Prince Maximilian of Liechtenstein is CEO of LGT Group and Prince Philipp of Liechtenstein as President of the Foundation Board of the Prince of Liechtenstein Foundation, the owner of the LGT Group. As of December 31, 2012, LGT Group assets of CHF 102.1 billion (USD 111.6 billion ) under management. The rating agency Moody 's rated the LGT Bank at Aa3, Standard & Poor's A .
After the inaugural General Assembly of 22 November 1920, the Bank took in Liechtenstein in May 1921, ten employees, rented the ground floor of the government building, commenced operations.
1930 took over the Liechtenstein Princely House of the stock majority. In 1970 the Prince of Liechtenstein Foundation was established, which took over the share capital of the Bank in Liechtenstein.
1986, the Bank of the stock market and opened in the same year, a representative office in Hong Kong. 1989 the Bank takes the GT Management plc in London and the following year she founded the BIL GT Group AG, based in Vaduz. 1996 at two name changes: the BIL GT Trust is the Liechtenstein Global Trust and the BiL is for LGT Bank Liechtenstein AG. In the same year a representative office in Tokyo is opened.
1998 LGT Group is privatized and Prince Philipp of Liechtenstein is President of the Board. There is also the formation of the Princely Portfolio.
2003 openings take place in Germany. From Frankfurt the branches Cologne, Hamburg, Berlin, Munich and Stuttgart are conducted. In Singapore, a foreign subsidiary is established. In the same year, LGT Group takes over from the Swiss Life Swiss Trust Company, which was renamed in LGT Swiss Trust Company 2005.
By the year 2007, the opening of additional offices in Vienna, Montevideo, Bahrain, Mannheim and Lucerne done. The LGT Bank ( Switzerland ) AG and LGT Bank ( Austria ) AG are founded.
At the beginning of 2009, the LGT separates from the Trust area. Business area is now the private banking and asset management.
In the summer of 2009, the LGT Group announces the acquisition of Dresdner Bank ( Switzerland ). The new business unit has approximately 300 employees.
As of September 29, 2011, LGT Group announced that the German private bank Delbrück Bethmann Maffei ( subsidiary of the Dutch ABN AMRO Bank) is 100 percent higher than the shares of the LGT Bank Germany.
Tax affair 2008
Several hundred customers of LGT Treuhand, a former subsidiary of LGT Group, have come in February 2008 targeting German tax investigators.
This is expected to act according to government figures, about a four-digit number of suspects who are said to have evaded taxes in the millions.
A spokesman for the former German Finance Minister Peer Steinbrueck said it would " very, very many well-known and lesser-known
On their website puts the LGT detailing their view illustrates how the data theft to be gone before 2002 and also provides detailed information about the alleged perpetrator Heinrich Kieber, a previously suspected fraud by international investigators sought Liechtenstein citizen.
On 16 December 2010 German criminal proceedings against the LGT Group and its former subsidiary LGT Treuhand were set for payment of 46 million euros to the German treasury. With the agreement but no acknowledgment of fault of the persons concerned or of LGT is connected, stressed Christof Buri, Spokesman of the LGT Group. Reuters described the termination of the proceeding as indulgences.
LGT Group is the holding company employs a total of around 1,800 employees at 26 locations in Europe, Asia and the Middle East. It is divided into several individual companies including: