International private banking and asset management group LGT has opened a wealth management office in Tokyo after obtaining regulatory approval.
The company, LGT Wealth Management Trust (LGT Japan), will provide investment and wealth management solutions that cater to the needs of Japan’s high net worth individuals and family-owned businesses.
LGT has appointed Yoshitaka Nagakura as chairman and chief executive of private banking at LGT Japan. He will report directly to Henri Leimer, chief executive of LGT private banking for Asia Pacific.
The company has commenced operations with an on-the-ground team of over 35 employees.
ESG experience
Nagakura said: “The traditional Japanese wealth management landscape is changing.
“We believe that LGT’s expertise in impact and environmental, social, governance (ESG) investing will be of value to Japanese investors.
“Our team of experienced professionals is looking forward to providing the wealth management service which LGT is known for globally, supported by local knowledge and understanding of our Japanese clients’ needs.”
