Sydney Australia
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



2025 Summits in Hong Kong & Singapore
Investment / Alternatives Summit - March / Oct / Nov
Investment Day - March / July / Sept / Oct / Nov
Private Wealth Summit - April / Oct / Nov
Family Office Summit - April / Oct / Nov
View Events | Register


This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $30 billion.










Liechtenstein $356 Billion Private Bank & Asset Manager LGT Buys Commonwealth Bank of Australia Personal Advice Business with $3.2 Billion AUM, Will Integrate HNW Clients, 40 Advisors & Support Staff into LGT Australia Business LGT Crestone with 350 Employees & 100 Advisors

12th November 2024 | Hong Kong

Liechtenstein private bank & asset manager LGT ($356 billion AUM) has announced to buy Commonwealth Bank of Australia (CBA) Personal Advice Business with $3.2 billion AUM, and will integrate CBA Personal Advice HNW clients (High net worth), 40 advisors & support staff into LGT Australia business (LGT Crestone with 350 employees & 100 advisors).  LGT (11/11/24): “LGT, the international private banking and asset management group owned by the Princely Family of Liechtenstein, has signed an agreement to acquire the personal advice business of Australia’s largest bank, CBA. This acquisition bolsters LGT’s foothold in the Australian wealth management landscape, reaffirming its dedication to high-quality advisory services, enduring client relationships, and sustainable growth.  The acquisition is expected to transfer more than CHF 2.8 billion (AUD 5 billion) in assets from CBA’s ultra-high-net-worth and high-net-worth clients to LGT, accompanied by the integration of approximately 40 experienced advisers, associates, and support staff into LGT Crestone, LGT’s Australian business. Once completed, the transaction will solidify its position as a trusted partner for sophisticated private wealth clients. The acquisition is structured to ensure a smooth integration for Commonwealth Private Advice’s clients and employees, allowing them to benefit from LGT’s global strength, stability, and exceptional expertise, with over CHF 356 billion (AUD 500 billion) in assets under management worldwide.  This transaction aligns with LGT’s long-term growth strategy, which focuses on expanding its footprint in key markets and providing clients with world-class advisory services, wealth planning, and access to private markets and sustainable investments. It is expected to close by mid-2025, and will enhance LGT’s Australian operations, which include Adelaide, Brisbane, Melbourne, Perth and Sydney. LGT Crestone currently has more than 350 employees, including more than 100 advisers across Australia.”  Earlier in November, Liechtenstein private bank LGT hired KPMG & ex-UBS Peter Lee as Head of Family Office Services.  Peter Lee has more than 33 years of financial industry experience including at Deloitte, KPMG, UBS, Rabobank & Daiwa.   Peter Lee joins from KPMG China (Partner, Family Advisory, Private Enterprise Practice), and prior was with UBS (Head of Family Advisory APAC, Global Wealth Management) and Deloitte (Partner & Leader, Family office & Family Enterprise Consulting).  In 2024 August, LGT appointed Mark Lim as Deputy CEO for Singapore in addition to his existing role as Head of Legal APAC.  Mark Lim joined LGT Private Banking in 2022, and has 22 years of wealth management industry experience including at Merrill Lynch & Citibank.  

” Liechtenstein $356 Billion Private Bank & Asset Manager LGT Buys Commonwealth Bank of Australia Personal Advice Business with $3.2 Billion AUM, Will Integrate HNW Clients, 40 Advisors & Support Staff into LGT Australia Business LGT Crestone with 350 Employees & 100 Advisors “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2025 Investment Day
Hong Kong | Singapore
March / July / Sept / Oct / Nov

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Join 20+ CIOs & Senior investment team, with > 60% single family offices with $300 million AUM. Taking place in Hong Kong and in Singapore. Every March, July, Sept, Oct & Nov.
Visit | Register here


The 2025 Family Office Summit
10th April & 16th Oct Hong Kong St Regis | 17th April & 6th Nov Singapore Amara Sanctuary Resort

Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2025 Family Office Summit | Register here


2025 Investment / Alternatives Summit
March / Oct / Nov in Hong Kong & Singapore

Join leading asset managers, hedge funds, boutique funds, private equity, venture capital & real estate firms in Hong Kong, Singapore & Asia-Pacific at the Investment / Alternatives Summit. Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here


2025 Private Wealth Summit
April / Oct / Nov in Hong Kong & Singapore

Join CEOs, CIOs, Head of Private Banking, Head of Family Offices & Product Heads at The Private Wealth Summit.  Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here





 

Michael Chisholm, CEO of LGT Crestone: “We are delighted CBA – one of Australia’s leading financial institutions – has chosen LGT Crestone as the trusted home for their highly valued ultra-high net worth and high-net worth clients and employees. It’s a terrific validation of our efforts to build a truly outstanding private wealth advice business catering to the needs of the most sophisticated investors in Australia. This transaction is driven by our shared purpose and values with Commonwealth Private Advice, particularly our client-centric approach to managing the wealth and financial wellbeing of sophisticated high-net-worth clients.”

H.S.H. Prince Max von und zu Liechtenstein, Chairman LGT: “LGT is delighted to strengthen our role in Australia as we welcome both the clients and colleagues of Commonwealth Private Advice. Clients need stable partners who provide comprehensive and secure opportunities throughout their financial journeys, and we are committed to delivering that level of support and confidence to our new clients. With this acquisition, we are accelerating our growth trajectory in one of the world’s most promising wealth markets, deepening our commitment to the APAC region and our clients here. Today, APAC represents more than a third of LGT’s business, a reflection of both our strategic focus and our ambition to build a truly diversified global private banking group.”

 

LGT is a leading international private banking and asset management group that has been fully controlled by the Liechtenstein Princely Family for over 90 years. As at 30 June 2024, LGT managed assets of CHF 356.0 billion (USD 396.2 billion) for wealthy private individuals and institutional clients. LGT employs over 5800 people who work out of more than 30 locations in Europe, Asia, the Americas, Australia and the Middle East.

 

 

Liechtenstein Private Bank LGT Hires KPMG & ex-UBS Peter Lee as Head of Family Office Services, 33 Years of Financial Industry Including at Deloitte, KPMG, UBS, Rabobank & Daiwa 

Hong Kong | Leading Financial Centre in Asia

12th November 2024 – Liechtenstein private bank LGT has hired KPMG & ex-UBS Peter Lee as Head of Family Office Services.  Peter Lee has more than 33 years of financial industry including at Deloitte, KPMG, UBS, Rabobank & Daiwa.   Peter Lee joins from KPMG China (Partner, Family Advisory, Private Enterprise Practice), and prior was with UBS (Head of Family Advisory APAC, Global Wealth Management) and Deloitte (Partner & Leader, Family office & Family Enterprise Consulting).  In 2024 August, LGT appointed Mark Lim as Deputy CEO for Singapore in addition to his existing role as Head of Legal APAC.  Mark Lim joined LGT Private Banking in 2022, and has 22 years of wealth management industry experience including at Merrill Lynch & Citibank.

 

 

Liechtenstein Private Bank LGT Appoints Mark Lim as Deputy CEO for Singapore in Addition to Existing Role as Head of Legal APAC, Joined LGT in 2022 & Has 22 Years of Wealth Management Industry Experience Including at Merrill Lynch & Citibank

Singapore | Leading financial centre in Asia

3rd August 2024 – Liechtenstein private bank LGT has appointed Mark Lim as Deputy CEO for Singapore in addition to his existing role as Head of Legal APAC.  Mark Lim joined LGT Private Banking in 2022, and has 22 years of wealth management industry experience including at Merrill Lynch & Citibank.




Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    Investment ProfessionalAdvisorProfessional InvestorFinancial ProfessionalManagementOthers


    $20 million to $100 million AUM$100 million to $300 million AUM$300 million to $1 billion AUM$1 billion to $10 billion AUM$10 billion to $100 billion AUMMore than $100 billion AUM


    Mailing List / Free TrialMonthly SubscriptionYearly SubscriptionMembershipEvents


    2024 Investment Day Hong Kong 17th Oct2024 Investment Day Singapore 7th Nov2024 Family Office Summit Hong Kong 17th Oct2024 Family Office Summit Singapore 7th Nov2025 Events












    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • July 2024 - Hong Kong
    • July 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Oct 2024 - Hong Kong
    • Nov 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014