LGT is one of the companies seeking to attract Credit Suisse employees since the collapse of this bank, headquartered in Zurich, and its acquisition by UBS Group. This helped increase the number of company employees to approximately 5,000 employees. Last August, the former CEO of Credit Suisse, Ajay Punjabi, joined the LGT Wealth Management unit in India, becoming one of at least six former employees of the Swiss bank to join the company during the current year.
“We are hiring aggressively,” De Burgo said. “The deal between Credit Suisse and UBS is not the only source of our growth.”
LGT’s momentum is also helping Prince Hans-Adam move up the list of the richest people, strengthening the 78-year-old’s position as the richest royal in Europe.
Prince Hans-Adam is the sole beneficiary of the company, and is now ranked 215th among the richest people in the world, with a fortune of approximately $9.2 billion, moving up 71 places in the ranking since the beginning of this year, according to the Bloomberg Billionaires Index.
Older wealth
Unlike other European royal families; Like Britain’s King Charles III, Prince Hans-Adam owns most of his family’s most valuable assets personally, making him the top wealth on the Bloomberg Billionaires Index.
The wealth of the prince and his family came from lands acquired in the 12th century, which at one point extended to include a large area of what is now Germany, Austria, Hungary and the Czech Republic. LGT began operations in 1921 with ten employees, and was purchased by the Royal Family about a decade later, during the Great Depression.
2023-10-05 08:45:38
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