15-Dec-2021 03:00:00 | LGT Company News
LGT agrees to acquire Australian-based Crestone Wealth Management
LGT, the leading international private banking and asset management group owned by the Liechtenstein Princely Family, today announced that it has entered into a conditional agreement to acquire 100% of Crestone Wealth Management, Australia’s leading high-net-worth wealth management firm with approx. AUD 25 billion in client assets under management. The transaction, which is 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 offering to clients.