LGT Prince: India Growth Hindered by Regulatory Complexity
LGT Group has identified India as a central pillar of its global international strategy, targeting a wealth management market currently valued at 154.25 billion USD. With projections suggesting this market will climb to 286.91 billion USD by 2030, the firm is intensifying its local operations to capture a larger share of the country's rapidly expanding affluent class.
The group reported a strong financial performance for the first half of 2025, with total operating income rising 10% to 1.42 billion CHF. Group profits saw a significant 38% surge to 240.6 million CHF during this period. These gains come despite negative currency effects that slightly adjusted total assets under management to 359.6 billion CHF as of mid-2025.
Prince Max von und zu Liechtenstein, Chairman of LGT, continues to emphasize that India is a key growth market capable of becoming a highly meaningful contributor to the group’s global footprint. To support this, LGT Wealth India recently expanded its leadership by onboarding a seven-member senior team from Barclays Private Bank. This move reinforces the firm’s commitment to providing high-touch advisory services to Ultra-High-Net-Worth families.
Market dynamics in India are shifting toward more sophisticated financial instruments. Local Chief Investment Officers at the firm anticipate a return to double-digit corporate earnings growth by 2026. Key growth sectors include Information Technology, driven by 100 billion USD in quarterly global AI infrastructure spending, and the financial services sector, which is expected to account for nearly 50% of the index’s incremental earnings through 2028.
Investor behavior in the region is maturing, with a marked shift from physical assets like gold and real estate toward financial savings. High-Net-Worth individuals are increasingly diversifying into alternative investments, including private credit and ESG-focused funds. The number of millionaires in India grew by 5.6% last year, and the total population of High-Net-Worth individuals is expected to reach 611,000 by the end of 2025.
LGT is addressing these opportunities through a multi-year 200 million CHF investment in digitalization and artificial intelligence. These tools are designed to enhance internal efficiency and provide hyper-personalized portfolio recommendations, catering to a younger demographic of investors who prioritize transparency and sustainability alongside long-term capital appreciation.
While navigating complex regulatory landscapes remains a priority, the firm maintains a disciplined outlook. By blending global investment expertise with deep local market knowledge, LGT aims to solidify its position as a preferred platform for India's evolving wealth ecosystem.