Liechtenstein Bank LGT has opened of its wealth management business in Thailand for high net value investors, following regulatory approvals.
Located in downtown Bangkok, LGT will offer a unique set of investment and wealth management services to HNWIs and corporates in the country.
H.S.H. Prince Max von und zu Liechtenstein, CEO LGT said, "We are looking forward to start operations in Thailand and look forward to offering full-fledged wealth management services to high net worth individuals, their families and corporates here in Bangkok. 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."
LGT's subsidiary in Thailand will be known as LGT Securities (Thailand) Limited. A team of investment consultants and investment planners 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.
LGT's Thai market expansion is overseen by Karn Karuhadej, who has close to 20 years' experience in private banking. The local office in Thailand will be led by CEO, Ekkapob Makeguljai, who has over 16 years' experience in financial services and wealth management. The team will consist of experienced local and international wealth managers.