LGT Bank

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LGT Bank in Liechtenstein, Head Office, Vaduz, Liechtenstein.

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

1 History
2 Rating
3 Locations
- 3.1 Europe
- 3.2 Other Locations
4 References
5 See Also
6 External links

[edit] 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 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. ^[1] Information was also forwarded to many other European states and Australia, leading to successful investigations there.