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Tag: LGT

  • SEBA to Add More Than a Dozen Staff in Asia

    SEBA to Add More Than a Dozen Staff in Asia

    Julius Baer-backed crypto bank SEBA will reportedly take advantage of the selloff as a buying opportunity, with plans to add more than a dozen staff in Asia.

    SEBA will grow its headcount in Hong Kong and Singapore from around seven to more than 20, according to a report citing its Asia head of corporate development Eugene Sun. The Zug-headquartered crypto bank will hire legal, compliance, and relationship manager staff alongside plans to also obtain licenses in both cities.

    We are finding the selloff to provide an opportunity commercially and in the war for talent, as clients and talent alike seek a more secure and more regulated platform for the promising future of digital assets, Sun said.

    One of SEBA’s headline partners is LGT which announced a partnership in pay to provide crypto to clients domiciled in their home market of Liechtenstein or Switzerland. SEBA is also preparing to launch with LGT in Asia, according to the report which did not provide additional details.

    Private banks generally are going to start to embrace crypto, said Sun.

    SEBA Bank was founded in 2018 and now supports 25 markets worldwide with financial backers that include Julius Bear and DeFi Technologies.

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  • LGT Opens Private Banking Office in Japan

    LGT Opens Private Banking Office in Japan

    Liechtenstein-headquartered LGT opened a new wealth management office in Tokyo as part of its efforts to capture opportunities in Japan’s private banking market.

    Following regulatory approvals, LGT has opened a new office in the Okura Prestige Tower located in Tokyo’s business district, according to a statement.

    The unit will aim to provide bespoke wealth management solutions to clients in Japan with a local team made up of over 35 experienced professionals.

    Earlier this year, 25-year industry veteran Yoshitaka Nagakura was named market head for Japan and will now be appointed as chairman and chief executive for LGT’s Japan private banking unit, reporting directly to APAC private banking CEO Dr. Henri Leimer.

    He joined from Credit Suisse where around two dozen other private bankers were reportedly also in the process of shifting over to LGT in Japan.

    We are delighted to be expanding our Asia Pacific footprint with the opening of our Tokyo office, said LGT chairman H.S.H. Prince Max von und zu Liechtenstein in the statement. We have a deep commitment to responsible investing and we see tremendous opportunities to share LGT’s experience in long-term, sustainable investments and wealth management with Japanese clients.

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