Pure-play private banks do not try to be everything to everyone. They aren’t retail banks and they don’t underwrite stocks and bonds. They’re wealth managers in the traditional sense, helping clients invest with longevity and legacy in mind, creating tailor-made investment strategies that align with the individual’s ambitions.
This perfectly describes LGT Private Banking, named the world’s best pure play/boutique private bank this year. Its chief executive Olivier de Perregaux tells Euromoney: “In my view, being a great pure-play operator means having a strong commitment and focus on private banking.
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