|Photo: Liechtensteiner Vaterland / Vaterland.li|
Prince Maximilian, in his capacity as CEO of the LGT Group, has given an interview to Liechtensteiner Vaterland. LGT is the largest family-owned bank and asset management group in the world. The Princely Family of Liechtenstein are not just the owners of LGT, they are also the largest client of the bank and asset management services. LGT remains one of the few banks who "regularly write in the black", (earn profit or break even) according to the prince.
During the interview, part of which can be found online, Prince Maximilian discusses the recent acquisition of part of a "select private banking portfolio from HSBC Private Bank Suisse." With this acquisition LGT has expanded their working platform in the Swiss banking industry as well as their customer assets and revenue base. In addition, the prince discusses matters involved in the acquisition process and business practices of the bank when considering new ventures.