Finance World Magazine| Edition: February 2024

More documents

Recommendations

Info

UAE Banking source: Pexels.com Designated Non-Financial Businesses and Professions Regulations safeguards business integrity. Exploring LGT’s Family-Centric Business Model and Long-Term Vision Offering a comprehensive suite, including Princely strategy, co-investments, wealth planning, and sustainable investments, LGT stands as a steward of generational wealth. In the realm of family businesses, one that demands our attention is the exemplary model of the LGT group. It is one of the largest royal family-owned private banking and asset management groups in the world with over 25 locations across the globe. The ownership of LGT has a deep-rooted connection to Liechtenstein since the era of Prince Karl I (1569 to 1627), the first Prince of Liechtenstein, establishing a historical tie that persists to this day in one of the world’s most economically prosperous states. Initially centred around land acquisition and management, the family evolved its business across diverse sectors, demonstrating skill, innovation, and a long-term perspective. Through strategic diversification, the family navigated crises, preserving wealth over generations, with current holdings spanning agriculture, forestry, alternative energy production, and thriving financial institutions. 10 www.thefinanceworld.com February 2024
The Princely Family, spanning 900 years and 26 generations, has maintained its entrepreneurial legacy by embracing a sustainable and innovative approach. Initially rooted in agriculture and forestry, the family’s success factors expanded beyond these sectors with the incorporation of diverse businesses, including banking and asset management, into its portfolio. Throughout this evolution, the core principles of sustainability and continuous innovation remained unchanged. LGT, as a family-owned entity, embodies this centuries-old entrepreneurial character, allowing for independent decision-making aligned with long-term goals, a privilege not afforded to publicly traded companies on stock exchanges. For over a century, LGT, a family-run private bank, has been at the helm of managing assets for families and corporations globally. Delving into the annals of LGT’s history, its roots intertwine with traditional values, systematic investment processes, and modern portfolio theories, earning the trust of clients worldwide. LGT’s enduring principles echo a commitment to long-term thinking and sustainable practices. In a rapidly changing world, LGT, as one of the last family-run private banks, has navigated substantial growth while keeping its sights on sustainability. From Europe to Asia and the Middle East, LGT has become a prominent figure for high-net-worth individuals and families, prioritising sustainable growth over fleeting profits. Understanding the distinct nature of each client’s financial journey, LGT’s advisors craft personalised solutions. Clients gain direct access to expert insights, with investment processes rooted in modern portfolio theories and meticulous financial analyses. Whether aligning with the Princely Family’s strategy or venturing into private equity and impact funds, LGT opens doors to diverse investment opportunities. Built on the bedrock of the Princely Family’s traditional values, LGT’s corporate culture exudes respect, friendliness, and an entrepreneurial spirit. Mutual trust serves as the cornerstone of LGT’s relationships, fostering sustainability in both private and business connections. Families entrust LGT with their assets for generations, drawn by a commitment to client interests and a robust financial foundation. We believe that integrating sustainability enhances longterm risk-adjusted returns.” Christopher Greenwald, Head of Sustainable Investing, LGT. LGT’s investment expertise revolves around personalised advice, conflict-free practices, and systematic, disciplined processes. The aim is to optimise returns, manage risks, and ensure investments positively impact society and the environment. Offering a comprehensive suite, including Princely strategy, co-investments, wealth planning, and sustainable investments, LGT stands as a steward of generational wealth. The group, housing Private Banking and Asset Management divisions operates independently with streamlined structures. The Foundation Board, chaired by H.S.H Prince Max von und zu Liechtenstein, oversees LGT Group, ensuring efficient decision-making. This organisational efficiency establishes LGT as a steadfast, long-term partner for clients, emphasising stability and solidity in the face of market fluctuations. LGT works closely with many families and family offices across the Middle East, where their businesses have grown into significant players in the regional economy over the past few decades. These enterprises, once small, have transformed into global conglomerates, becoming essential pillars in their respective local economies. Drawing the Princely Family’s entrepreneurial history brings valuable insights and interactions with business families in the region. Conversations about family governance, succession planning, and wealth preservation mirror challenges that owners have successfully tackled across generations. This shared experience resonates well with clients and is genuinely appreciated. LGT’s commitment to independence and long-term vision is evident in its international expansion. Over the past two decades, the company has consistently grown, demonstrating resilience even during economic downturns. The establishment of LGT’s DIFC entity a decade ago marked the beginning of its expansion into India and Australia. This strategic growth aligns with the company’s enduring approach, reflected in the significant number of long-tenured employees and a sustained presence in the jurisdictions it enters. LGT’s dedication to stability and longevity extends beyond financial strategies, shaping its corporate culture and global footprint. This steadfast commitment positions LGT as a reliable partner, distinguishing it in a landscape often marked by short-term perspectives. Clients choose LGT due to its unparalleled grasp of wealth management, dedication to family values, impressive track record, commitment to sustainability, and personalised approach. Rooted in the Princely Family of Liechtenstein’s values, their culture centres on a holistic wealth management approach, ensuring LGT maintains a long-term perspective aligned with clients’ best interests. This foundation cultivates trust and confidence, which are crucial for enduring relationships. Moreover, LGT’s strong focus on sustainability and impact investing, a sustained priority for years, attracts clients seeking investments aligned with their values. In an era where many wish to contribute positively to society and the environment through their investments, LGT provides the expertise and support to help clients realise this aspiration. February 2024 www.thefinanceworld.com 11
Page 1 and 2: Economic Significance of Family Bus
Page 5 and 6: Editor’s Editor’s Note Note Con
Page 7 and 8: FUNDING & INVESTMENT P62 | HB Inves
Page 9: Family-owned businesses bring a uni
Page 13 and 14: Union Properties in Debt Repayment
Page 15 and 16: The cornerstone of this transformat
Page 17 and 18: “To date, KARTY has garnered sign
Page 19 and 20: Fintech Saudi Partners With Kyndryl
Page 21 and 22: Fintech Application BANKIOM Bankiom
Page 23 and 24: Family businesses form the cornerst
Page 25 and 26: TAQA Joins Consortium in $408M Makk
Page 27 and 28: BenQ GV31 Portable Projector BenQ h
Page 29 and 30: Cover Story Family Traditions, Busi
Page 39 and 40: Aston Martin Vantage DB12 Aston Mar
Page 41 and 42: In the ever-evolving landscape of e
Page 43 and 44: Dubai’s Dragon Oil Commences Prod
Page 45 and 46: Ferrari Purosangue The 2024 Ferrari
Page 47 and 48: The Mohamed & Obaid AlMulla Group s
Page 49 and 50: Image Supplied to delivering radiop
Page 52 and 53: Merger & Acquisitions Source. freep
Page 54 and 55: Merger and Acquisition News Abu Dha
Page 56 and 57: Real Estate Image supplied “Passi
Page 58 and 59: Real Estate Al Habtoor Real Estate
Page 60 and 61:
Real Estate News ZaZEN Properties U
Page 62 and 63:
Funding and Investment source: www.
Page 64 and 65:
Funding and Investment News Saudi A
Page 66 and 67:
Digital Assets Source. freepik.com
Page 68 and 69:
Economy Source. freepik.com Family
Page 70 and 71:
Corporate Results Emaar Properties
Page 72 and 73:
Sports as a Business Source. pexels
Page 74 and 75:
Sports News UAE’s Resilient Perfo
Page 76 and 77:
Tourism source: freepik.com Project
Page 78 and 79:
Global News India Unveils ‘Bharat
Page 80 and 81:
Investment in Art source: pexels.co
Page 82 and 83:
Local News UAE’s Robust Logistics
Page 84 and 85:
Travel Top Picks for Family Getaway
Page 86 and 87:
Travel News Saudi Arabia’s Visito
Page 88 and 89:
Urbanista Phoenix Urbanista Phoenix
Page 90 and 91:
WORLD'S PREMIER EVENT FOR ARTIFICIA
Page 93 and 94:
Host Partner Strategic Partner Inte
Page 96:
Giving Businesses Support to ease t
show all

Finance World Magazine| Edition: February 2024

Create successful ePaper yourself

Delete template?

Save as template?