LGT profits slip but AUM remain buoyant

29 August 2016 | 2 minutes read

A hiring drive in Asia and a general increase in operating costs contributed to a 5% drop in LGT’s profits year-on-year, although the Liechtensteinian private bank saw its assets under management increase 8% year-to-date, according to its latest earnings report. Group profits at the year’s midway point totalled CHF124.4 million (US$127.3 million). The bottom line was impacted by a 9% increase…

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