LGT Bank in Liechtenstein AG

LGT Bank

LGT (Liechtenstein Global Trust) is the private banking group of the princely House of Liechtenstein.

History

  • 1920 22 November: constituent general meeting of the Bank in Liechtenstein
  • 1921 In May, business activities commence with ten employees; rented offices on the ground floor of the government building
  • 1930 Liechtenstein Princely Family acquires the majority of shares
  • 1970 Establishment of the Prince of Liechtenstein Foundation, which takes over the Bank’s share capital as LGT Foundation beneficiary
  • 1982 Setting up of a Representative Office in London as the first foreign business base
  • 1983 Founding of Bilfinanz und Verwaltung AG, Zurich
  • 1984 Founding of BIL Treuhand AG, Vaduz
  • 1986 Bank in Liechtenstein goes public
  • 1989 Takeover of GT Management PLC, London
  • 1990 Founding of BIL GT Group AG, Vaduz
  • 1996 Change of name: BIL GT Group becomes Liechtenstein Global Trust and BiL becomes LGT Bank in Liechtenstein AG
  • 1998 Sale of Asset Management Division, Realignment of the LGT Group, HSH Prince Philipp becomes new Chairman of the Board of Trustees, Going private
  • 2003 LGT Group acquires Schweizerische Treuhandgesellschaft STG from Swiss Life
  • 2005 STG becomes LGT Schweizerische Treuhandgesellschaft
  • 2008 2008 Liechtenstein tax affair The German tax authorities commence numerous audits and prosecutions for tax fraud in the tax haven Liechtenstein based on information on a CD acquired by the German secret service Bundesnachrichtendienst. The CD, containing large amounts of information on accounts held by German citizens and other nationals with the bank was allegedly obtained for a sum of € 5 million from a former employee or contractor of the bank. Information was also forwarded to many other European states and Australia, leading to successful investigations there.

Rating

Rating: Standard & Poor's / Moody's

  • AA- / Aa3

Locations

Europe

Other Locations

References

See also

2008 Liechtenstein tax affair

External links

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