People Moves

LGT In Asia Hires Senior Wealth Manager From Rival

Tom Burroughes Group Editor London 4 December 2014

LGT In Asia Hires Senior Wealth Manager From Rival

A senior figure from Coutts, the private bank whose international business has been put up for possible sale by its UK parent, has moved to rival wealth management house LGT in Hong Kong.

A senior figure from Coutts, the private bank whose international business has been put up for possible sale by its UK parent, has moved to rival wealth management house LGT in Hong Kong, this publication has learned.

WealthBriefing earlier this week heard that Emily Lee joined LGT in Hong Kong. At Coutts, she was part of the discretionary portfolio team. Further details about the move aren’t known at this stage.

LGT, the Liechtenstein-headquartered private bank, declined to comment on the matter.

In September, this publication exclusively reported that LGT appointed Keith Loo, Jack Koo and Kelvin Leong. They are working as relationship managers covering Southeast Asia.

Royal Bank of Scotland, which is the owner of Coutts, has put its Coutts International business up for possible sale and has reportedly hired Goldman Sachs to advise on this. It is retaining its UK-based Coutts business – one of the oldest such bank brands in the UK – and its trust arm. A number of banks have been mentioned as possible suitors for the Coutts International business, such as Julius Baer, DBS and Banque Syz.

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