LGT is strengthening its presence in the Australian private banking market

The transaction is a consistent step on LGT’s long-term growth path, with the aim of continually building up its presence in key markets. The transaction is expected to close in mid-2025. LGT Crestone currently employs over 350 people, including more than 100 consultants, and has offices in Sydney, Melbourne, Adelaide, Brisbane and Perth. By integrating CBA’s 40 employees, LGT Crestone can further expand its presence in Australia. (pd/hzb/pg)