LGT to acquire Australia-based Crestone Wealth Management

clock • 3 min read
LGT to acquire Australia-based Crestone Wealth Management

LGT has entered into a conditional agreement to acquire 100% of Crestone Wealth Management, an Australia-based high-net-worth wealth management firm with around AUD 25bn in client assets under management. The Liechtenstein-headquartered private bank said on 15 December that the transaction, subject to Crestone shareholder approval, will give LGT an important foothold in the attractive Australian wealth management market, while allowing Crestone to expand its services and investment offerin...

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