Liechtenstein-headquartered LGT opened a new wealth management office in Tokyo as part of its efforts to capture opportunities in Japan’s private banking market.
Following regulatory approvals, LGT has opened a new office in the Okura Prestige Tower located in Tokyo’s business district, according to a statement.
The unit will aim to provide bespoke wealth management solutions to clients in Japan with a local team made up of over 35 experienced professionals.
Earlier this year, 25-year industry veteran Yoshitaka Nagakura was named market head for Japan and will now be appointed as chairman and chief executive for LGT’s Japan private banking unit, reporting directly to APAC private banking CEO Dr. Henri Leimer.
He joined from Credit Suisse where around two dozen other private bankers were reportedly also in the process of shifting over to LGT in Japan.
We are delighted to be expanding our Asia Pacific footprint with the opening of our Tokyo office, said LGT chairman H.S.H. Prince Max von und zu Liechtenstein in the statement. We have a deep commitment to responsible investing and we see tremendous opportunities to share LGT’s experience in long-term, sustainable investments and wealth management with Japanese clients.