The bank has recruited a senior figure from BNP Paribas.

LGT, the Liechtenstein-based private banking group, has appointed a senior Asia-based banker from BNP Paribas, this publication can confirm. 

Carolyn Tan, a former team head at BNP Paribas and a member of its offshore Taiwan team, has joined the group. She had been at the French bank for nearly 12 years, only resigning recently.  

Tan is based in Singapore and holds the title of managing director. Previous positions included those at ABN AMRO and DBS.

Last year LGT reported a 15 per cent year-on-year rise in group profit for the six months to 30 June, standing at SFr174.8 million ($175.4 million). The profit reflected earnings revenue growth of 17 per cent rising to SFr830.7 million, to which the acquisitions successfully integrated last year made a healthy contribution. Net asset inflows amounted to SFr5.0 billion, which corresponds to an annualised growth rate of 5 per cent. Assets under management rose to SFr206.0 billion.

Among various comings and goings, BNP Paribas, as reported earlier, appointed ex-Credit Suisse and Julius Baer senior figure David Lim as co-head for Southeast Asia markets at its wealth management arm. He replaced David Koay who left the Paris-listed bank last year.