Liechtenstein-headquartered wealth and asset management group LGT saw its profits decline slightly in 2020, as staff costs grew and it fully bought out the founders of its UK subsidiary, LGT Vestra.
Total group profit in 2020 was CHF 291.5 million, a decrease of 5 percent year on year. However, excluding the LGT Vestra acquisition cost, profit rose 14 percent.
LGT reported net asset inflows of CHF 11.6 billion, meaning assets under management were up 6 percent...
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