LGT, the Liechtenstein-based private banking group, is set to combine its asset management activities under the brand of LGT Capital Partners from 1 July.

Dr Roberto Paganoni will be in charge of the new structure. Torsten de Santos, who led LGT Capital Management through the build-up phase, has decided to take on a new challenge outside the group. De Santos will stay on as an advisor and board member in various LGT investment companies.

The group’s traditional and alternative asset management businesses have so far been organised in two separate units that together manage SFr40 billion (about $42 billion) of assets.

”However, over the last few years the boundaries between traditional and alternative asset classes have become noticeably blurred,” the firm said.

LGT said that target clients of its multi-alternatives offering will continue to be global institutional investors as well as private clients of LGT Bank.

Vaduz-headquartered LGT Group is owned by the ruling family of Liechtenstein.