LGT Group’s A$475 Million Crestone Wealth Management

Corrs Chambers Westgarth acted for LGT Group.

LGT Group has acquired Crestone Wealth Management for A$475 million, as the group expands its global presence and enters the Australian market.

LGT Group is the largest family-backed private banking and asset management group in the world, owned by the Princely Family of Liechtenstein.

The transaction, which is subject to Crestone shareholder and regulatory approvals, is expected to complete in the first quarter of 2022.

Crestone is a wealth management business created out of UBS Wealth Management Australia Limited, which we acquired along with its 80-year heritage.

The Corrs’ team was led by Felicity Saxon (Picture), supported by partners Justin Fox, Russell Philip, Katrina Sleiman, Fadi Khoury, Jack de Flamingh, Andrew Leadston, Mark McCowan, Cameron Rider, Simon Mifsud, James Morley, James North, Patrick O’Grady, and Steven Rice.

 

 

Involved fees earner: Felicity Saxon – Corrs Chambers Westgarth; Jack de Flamingh – Corrs Chambers Westgarth; Justin Fox – Corrs Chambers Westgarth; Fadi Khoury – Corrs Chambers Westgarth; Andrew Leadston – Corrs Chambers Westgarth; Mark McCowan – Corrs Chambers Westgarth; Simon Mifsud – Corrs Chambers Westgarth; James Morley – Corrs Chambers Westgarth; James North – Corrs Chambers Westgarth; Patrick O’Grady – Corrs Chambers Westgarth; Russell Philip – Corrs Chambers Westgarth; Steven Rice – Corrs Chambers Westgarth; Cameron Rider – Corrs Chambers Westgarth; Katrina Sleiman – Corrs Chambers Westgarth;

Law Firms: Corrs Chambers Westgarth;

Clients: LGT Group;

Sonia Carcano

Author: Sonia Carcano