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31 December 2017 Reporting Date
M Reporting date: 31 December 2017 Reporting date: 31 December 2017 1 Content Group structure and ownership 3 Board of Directors 3 Executive Board 6 Basis and components of compensation for the members of the Board of Directors and the Executive Board 7 Components of the remuneration 7 Risk management framework and process 8 Auditing body 10 Cover image: Detail of the inlaid parquet floor in the South passage adjacent to the Ballroom on the second floor piano nobile of the Liechtenstein City Palace, executed by Michael Thonet © LIECHTENSTEIN. The Princely Collections, Vaduz–Vienna 2 Corporate Governance The binding principles of corporate governance are set out in the company’s articles of incorporation, the organizational and governance regulations, as well as in the regulations of the Board of Directors Committees and are defined in detail in corresponding directives. As a bank domiciled in Switzerland, we are subject to supervision by FINMA and are therefore required to implement all applicable regulations. The following information on corporate governance is in accordance with FINMA Circular 2016/1 (Annex 4). Group structure and ownership LGT Bank (Switzerland) Ltd. is ultimately owned by LGT Group Holding Ltd. LGT Group Holding Ltd. is 100 percent controlled by LGT Group Foundation. LGT Group Foundation is 100 percent controlled by the Prince of Liechtenstein Foundation (POLF), the beneficiary of which is H.S.H. Reigning Prince Hans-Adam II von und zu Liechtenstein. The participations of LGT Bank (Switzerland) Ltd. are not relevant to the overall assessment of the company, and no consolidated financial statements are therefore prepared. -
Investing Sustainably Bauer Brothers, Hortus Botanicus, Detail from “Cucurbita Pepo L.,” Ca
VALUES WORTH SHARING Investing sustainably A look inside the Princely Collections: The illustrations in this publication are part of the Codex Liechtenstein – in the Codex’s more than 2700 separate plant illustrations, it was primarily the three Bauer brothers who created a synthesis of art and science: faithful in detail, yet obeying the high aesthetic requirements of art. For more than 400 years, the Princes of Liechtenstein have to accompany what we do. For us, they embody those been passionate art collectors. The Princely Collections values that form the basis for a successful partnership include key works of European art stretching over five with our clients: a long-term focus, skill and reliability. centuries and are now among the world’s major private art collections. The notion of promoting fine arts for the Cover image: Bauer brothers, Hortus Botanicus, general good enjoyed its greatest popularity during the detail from “Tropaeolum majus,” 1779 Baroque period. The House of Liechtenstein has pursued © LIECHTENSTEIN. The Princely Collections, Vaduz–Vienna this ideal consistently down the generations. We make deliberate use of the works of art in the Princely Collections www.liechtensteincollections.at Bauer brothers, Hortus Botanicus, detail from “Cucurbita ca. pepo 1778 L.,” Contents 5 Investors can change the world 6 Why we must take action 8 What can investors do? 10 Who benefits from sustainable investments? 14 Investing sustainably with LGT 18 Impact investing for better healthcare 19 Venture philanthropy in the fight against HIV transmission “Asset management in particular gives us the opportunity to make an important contribution to resolving environmental and social issues through the sustainable allocation of capital.” H.S.H. -
LEGISLATIVE RESOLUTION Honoring Patricia M. Cloherty Upon the Occasion of Her Designation for Special Recognition at the Hudson Valley Shakes- Peare Festival
LEGISLATIVE RESOLUTION honoring Patricia M. Cloherty upon the occasion of her designation for special recognition at the Hudson Valley Shakes- peare Festival WHEREAS, It is incumbent upon the people of the State of New York to recognize and acknowledge those within our midst who have made signif- icant contributions to the quality of life therein; and WHEREAS, Attendant to such concern, and in full accord with its long- standing traditions, this Legislative Body is justly proud to commend Patricia Cloherty upon the occasion of her designation for special recognition at the Hudson Valley Shakespeare Festival; and WHEREAS, Patricia M. Cloherty is Chairman and CEO Emeritus of Delta Private Equity Partners, LLC, manager of The U.S. Russia Investment Fund and Delta Russia Fund, L.P., two venture capital funds invested in 55 Russian companies, and is also Senior Advisor to UFG Private Equity, partner firm to Delta Private Equity; and WHEREAS, Patricia Cloherty is former Co-Chairman, President and Gener- al Partner of Apax Partners, Inc. (formerly Patricof & Co. Ventures, Inc.), a private equity company she joined in 1970, and from which she withdrew in 2000, and is a past President and Chairman of the National Venture Capital Association of the United States; and WHEREAS, She holds a Bachelor of Arts degree from the San Francisco College for Women, a Masters of Arts degree and a Masters of Interna- tional Affairs degree from Columbia University; from 1963 through 1965, she served in the Peace Corps in Brazil; and WHEREAS, In 1991, President George H. Bush appointed her chairman of an Investment Advisory Council to revamp the Small Business Investment Company program of the U.S. -
Themiddlemarket.Comt M
OCTOBER 2017 GO GO BIG SMALL OR GO HOME Private equity investors are heading to the lower middle market and the 350,000 companies that populate it TheMiddleMarket.comT m 0C1_MAJ100117 1 9/1/2017 11:40:00 AM B:8.125” T:7.875” S:7.375” Your clients’ wealth has multiplied. B:10.75” T:10.5” So has their S:10” need for advice. We know, because we know you well. Knowing clients well gives us the insight to help with their wealth— and their lives. Together, with your expertise and ours, we’ll help your clients before, during and after the sale of their business. Find out how strong relationships lead to 95% client satisfaction. 844-208-7863 | bnymellonwealth.com | @BNYMellonWealth Source: 2016 Client Satisfaction Survey. BNY Mellon Wealth Management conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation. ©2017 The Bank of New York Mellon Corporation. All rights reserved. 002_MAJ1017 2 8/30/2017 5:39:07 PM WGMT “ADVICE” AD - SIZE A 33/34/65/5 PUB: MERGERS & ACQUISITIONS Filename: 724476-5_J0176_WGMT_Advice_Size_A_V3R.indd CLIENT: BNY MELLON PRODUCT: Print Ad Agency Job Number: J0176 Cradle Job Number: 724476-5 JOB#: J0176 SPACE: 4C Proof #: 3, release Path: EG-PLUS-NY:Volumes:EG-PLUS-NY:EGPlus_Departments:Print:A‚ÄîF:TBWA:BNY_ Created: 8-3-2017 12:00 PM BLEED: 8.125” x 10.75” MELLON:724476-5_J0176_WGMT_ Advice_Size_A_Ad:MECHANICALS:724476-5_J0176_WGMT_Advice_Size_A_V3R.indd Saved: 8-3-2017 2:15 PM TRIM: 7.875” x 10.5” Operators: april_relucio / Daniel-Rivera Printed: 8-3-2017 2:15 PM SAFETY: 7.375” -
Private Equity Review
the Private Equity Review Private Private Equity Review Eighth Edition Editor Stephen L Ritchie Eighth Edition Eighth lawreviews © 2019 Law Business Research Ltd Private Equity Review Eighth Edition Reproduced with permission from Law Business Research Ltd This article was first published in June 2019 For further information please contact [email protected] Editor Stephen L Ritchie lawreviews © 2019 Law Business Research Ltd PUBLISHER Tom Barnes SENIOR BUSINESS DEVELOPMENT MANAGER Nick Barette BUSINESS DEVELOPMENT MANAGER Joel Woods SENIOR ACCOUNT MANAGERS Pere Aspinall, Jack Bagnall ACCOUNT MANAGERS Olivia Budd, Katie Hodgetts, Reece Whelan PRODUCT MARKETING EXECUTIVE Rebecca Mogridge RESEARCH LEAD Kieran Hansen EDITORIAL COORDINATOR Tommy Lawson HEAD OF PRODUCTION Adam Myers PRODUCTION EDITOR Robbie Kelly SUBEDITOR Charlotte Stretch CHIEF EXECUTIVE OFFICER Paul Howarth Published in the United Kingdom by Law Business Research Ltd, London 87 Lancaster Road, London, W11 1QQ, UK © 2019 Law Business Research Ltd www.TheLawReviews.co.uk No photocopying: copyright licences do not apply. The information provided in this publication is general and may not apply in a specific situation, nor does it necessarily represent the views of authors’ firms or their clients. Legal advice should always be sought before taking any legal action based on the information provided. The publishers accept no responsibility for any acts or omissions contained herein. Although the information provided is accurate as at April 2019, be advised that this -
LGT Capital Management Ltd
LGT Capital Management Ltd. European SRI Transparency Code European SRI Transparency Code Disclaimer This document aims at fulfilling reporting requirements under the European SRI Transparency Guidelines. It does not constitute a public offering or public advertisement of any financial instruments mentioned herein. This document is not directed at recipients in any jurisdictions where the receipt of the information contained herein would be unlawful. The receipt of this information is not to be taken as constituting the giving of investment advice. Each person should make its own independent assessment and should take its own professional advise in relation to any investment product mentioned herein. Please be advised that investors should always consult the legal documentation of the investment products mentioned herein. The information contained in this document was obtained from a number of different sources. LGT exercises the greatest care when choosing the sources of information and compiling obtained information. Nevertheless errors or omissions in information obtained from different sources cannot be excluded. LGT does not assume any liability for any direct or indirect damage or loss resulting from the use of this document. This document and the information contained herein may be reproduced only with the prior written consent of LGT. To the extent that past performance of investment products is mentioned in this document please note that past performance is not an appropriate indicator for future performance. 2 / 25 European SRI Transparency Code European SRI Transparency Code Version 3.0 The European SRI Transparency Code (the Code) focuses on SRI funds distributed publicly in Europe and has been designed to cover a range of assets classes, such as equity and fixed income. -
Probitas Partners 2021 Institutional Investors Private Equity Survey December 2020 Table of Contents
Probitas Partners 2021 Institutional Investors Private Equity Survey December 2020 Table of Contents Topic Page . Survey Highlights 2 . Background and Appetite 3 . Sectors of Interest 9 . Geographies of Interest 18 . Middle-Market Buyouts 25 . Venture Capital 28 . Niche Sectors 31 . Structural Issues 38 . Investor Fears 43 . Summary 46 Confidential and Trade Secret © 2020 Probitas Partners 1 Survey Highlights – and The Pandemic . The Pandemic has had a roller coaster impact on institutional investors during 2020 as the normal market environment of January plunged into volatility and uncertainty in March and April followed by a slow rebound in public market and private market valuations . By late October prices for many firms returned to January levels as various stimulus plans mitigated certain economic impacts and progress in developing vaccines gave hope for a return to “normal” sometime in 2021 . Probitas’ latest annual survey was taken over the first two weeks of November after the markets had recovered significantly from the depths of April – and the results of a survey done in April would have been very different from what we are showing now . In private equity, investors are still heavily focused on U.S. and European Middle- Market Buyouts and U.S. Growth Capital, though interest in Asian private equity has increased from this time last year . In the second and third quarter of 2020 there was sharply increased interest in secondaries and distressed private equity – but at this point, many investors seem to have already made their bets in these sectors and are waiting for their commitments to be invested before committing too much more to these sectors . -
Factsheet Ratings and Awards
Ratings and Awards December 2020 Private Banking and LGT is one of the few international privately owned banks to allow its creditworthiness to be evaluated by Asset Management independent rating agencies. For years now LGT has consistently been awarded very high ratings. LGT’s commended leading position has also been confirmed by awards from reputable external bodies. Ratings Moody’s: Aa2 (stable) Standard & Poor’s: A+ (positive) Owing to its outstanding ratings, LGT has been included in the Global Finance magazine’s list of the 50 safest banks in the world for many years. Private Banking Fuchsbriefe-Report (Tops 2021 – The best asset managers) . The renowned Fuchsbriefe designated LGT as best bank for sustainable investments. LGT is therefore also ranked best wealth manager in the German-speaking countries. It also receives the highest number of points, the rating "very good" and is "top supplier". LGT ranks second on the perpetual list of top asset managers in German-speaking countries. Handelsblatt Elite Report (Special Report: The Elite Amongst the Asset Managers 2021) . For the fifth consecutive year, LGT received the highest score of all participating asset managers in the Elite Report. LGT was also awarded the “summa cum laude” rating for the 18th consecutive time and was se- lected as the leading private bank in Liechtenstein. LGT was able to convince the editorial team in particular with its committed, personal advice and profes- sional competence. "Both fields together form the respectable foundation of a high-performance con- sulting and support culture," said the Elite Report editorial team. Global Private Banking Awards 2020 . -
Liste Des Sociétés De Gestion Agréées Et En Activité Au 29 Février 2020 1
Liste des sociétés de gestion agréées et en activité au 29 février 2020 1 Nombre de société agréées : 663 SGP: Société de gestion de portefeuille Date N Nom Activités de gestion N° d'agrément Adresse d'agrément Gestion de FIA (AIFM) 1 1 2 3 INVESTMENT MANAGERS 28/06/2001 GP01021 94 rue de la Victoire 75009 PARIS Gestion de mandats Gestion de FIA (AIFM) 2 111 CAPITAL 23/08/2017 GP-17000024 10 RUE HENRI ROCHEFORT 75017 PARIS Gestion de mandats 3 21 CENTRALE PARTNERS 12/02/1999 Gestion de FIA (AIFM) GP99006 9, avenue Hoche 75008 PARIS 4 360 CAPITAL PARTNERS 08/12/2011 Gestion de FIA (AIFM) GP-11000040 13 Avenue de l’Opera 75001 PARIS 5 4D GLOBAL ENERGY ADVISORS S.A.S 03/12/2008 Gestion de FIA (AIFM) GP-08000048 15 rue de la Baume 75008 PARIS 6 52 CAPITAL 20/07/2016 Gestion de FIA (AIFM) GP-16000019 4,place de la Concorde-1rue Royale 75008 Paris Gestion de FIA (AIFM) 7 A PLUS FINANCE SAS 20/11/1998 GP98051 8, rue Bellini 75116 PARIS Gestion de mandats 8 AALPS CAPITAL FRANCE 24/05/2017 Gestion de FIA (AIFM) GP-17000012 21,boulevard Haussmann 75009 Paris Gestion de FIA (AIFM) 9 ABC ARBITRAGE ASSET MANAGEMENT 28/12/2004 GP-04000067 18 rue du quatre Septembre 75002 PARIS Gestion de mandats 10 ABC GESTION 22/07/2014 Gestion de FIA (non AIFM) GP-14000032 12, place des Etats-Unis CS 70052 92547 Montrouge Cedex Gestion de FIA (AIFM) 11 ABENEX CAPITAL 19/05/1998 GP98014 9, avenue Matignon 75008 PARIS Gestion de mandats Gestion d'OPCVM 12 ABN AMRO INVESTMENT SOLUTIONS 20/09/1999 Gestion de FIA (AIFM) GP99027 3, avenue Hoche 75008 PARIS Gestion de mandats -
LGT Sustainability Report 2019 (PDF)
VALUES WORTH SHARING Sustainability at LGT 2019 A look inside the Princely Collections: the illustrations in this publication depict studies of natural objects by Franz Anton von Scheidel. For more than 400 years, the Princes of Liechtenstein successful partnership with our clients: a long-term have been passionate art collectors. The Princely Collec- focus, skill and reliability. tions include key works of European art stretching over five centuries and are now among the world’s major Illustrations: Franz Anton von Scheidel, details from private art collections. The notion of promoting fine “Depictions of conchiliae in watercolor after Johann Carl arts for the general good enjoyed its greatest popu- Megerle von Mühlfeld (1765–1840),” late 18th century. larity during the Baroque period. The House of Liechten- © LIECHTENSTEIN. The Princely Collections, Vaduz–Vienna stein has pursued this ideal consistently down the gener- ations. We make deliberate use of the works of art in the Princely Collections to accompany what we do. For us, they embody those values that form the basis for a www.liechtensteincollections.at Contents 5 We all have to do our part 6 Still much room for improvement 10 Sustainable investment opportunities 13 Transparency is key 14 Quantifying sustainability quality 15 Impact investing and philanthropy 16 “Seeing your portfolio through a new lens” 18 Sustainable operations 22 Long-term employee development 24 Committed employees 26 A win-win-win situation 28 Dialog for greater sustainability 30 Responsible corporate governance 31 Report profile 32 Key figures at a glance 34 Risk note/Disclaimer “In light of the major environmental and social problems, all organizations, but also all private individuals, should scrutinize their goals and behavior to date and adjust these in such a way that they contribute to a more envi- ronmentally sustainable and socially inclusive development of our world.” H.S.H. -
Annual Report 2019
VALUES WORTH SHARING Annual Report 2019 LGT Bank Ltd., Vaduz “In the future, we will continue to focus on offering our clients a comprehensive range of asset classes and solutions.” Roland Schubert, Chairman of the Executive Board A look inside the Princely Collections: Veduta painting is the realistic depiction of a land or cityscape that gained popularity during the 18th century as a result of tourism in Italy. The examples thereof held in the Princely Collections demonstrate that beyond serving as mere records, many of these paintings are in fact works of art. For more than 400 years, the Princes of Baroque period. The House of Liechtenstein Cover image: Rudolf von Alt, detail from Liechtenstein have been passionate art has pursued this ideal consistently down “View of the mole in Venice with the Doge’s collectors. The Princely Collections include the generations. We make deliberate use of Palace and Santa Maria della Salute,” 1835 key works of European art stretching over the works of art in the Princely Collections five centuries and are now among the world’s to accompany what we do. For us, they © LIECHTENSTEIN. The Princely Collections, major private art collections. The notion of embody those values that form the basis Vaduz–Vienna promoting fine arts for the general good for a successful partnership with our clients: enjoyed its greatest popularity during the a long-term focus, skill and reliability. www.liechtensteincollections.at Contents 4 Organizational structure 5 The business year in comparison 6 Annual report 8 Balance sheet 9 Off-balance sheet transactions 10 Profit and loss account 11 Appropriation of net profit 12 Flow of funds statement 14 Appendix to the financial statement 18 Remuneration report 24 Notes on the balance sheet 38 Notes on off-balance sheet transactions 40 Notes to the profit and loss account 42 Additional information 46 Report of the statutory auditor 52 International presence 4 Organizational structure as of March 2020 Board of Directors Thomas Piske, Chairman H.S.H. -
2011 Le 28 Mars 2012
ACTIVITÉ DES ACTEURS FRANÇAIS DU CAPITAL INVESTISSEMENT Année 2011 Le 28 mars 2012 Concerne les acteurs français membres de l’AFIC, investissant en France et à l’étranger page 1 www.afic-data.com L’ORGANISATION DU PARTENARIAT AFIC – GRANT THORNTON Revue de la méthodologie par le Comité Scientifique de l’AFIC Elaboration de la méthodologie, collecte et traitement de l'information par l'AFIC Audit des données et du traitement de l'information par Grant Thornton page 2 page 2 AUDIT RÉALISÉ PAR GRANT THORNTON : LES CONCLUSIONS • OBJECTIFS DES CONTRÔLES – Exhaustivité des opérations (levées de fonds, investissements, désinvestissements). – Vraisemblance des montants déclarés. – Cohérence du passage des données désagrégées aux agrégats. • TRAVAUX RÉALISÉS – Comparaison de la base de données Grant Thornton (source presse) avec www.afic-data.com. – Vérification des règles de cut off d'ouverture (absence de doublons entre les périodes 2010 et 2011) – Mise en place de différents tests permettant de contrôler la cohérence des informations recueillies sur l'exhaustivité de la base. – Proposition d'analyses complémentaires. – Vérification des traitements réalisés et du calcul des agrégats. – Identification des écarts, analyses et commentaires de l'AFIC puis mise à jour de la base de données si nécessaire. • CONCLUSIONS – Engagement de 300 heures par Grant Thornton de contrôle de la base www.afic-data.com. – La base de données www.afic-data.com n'a pas révélé d'anomalies significatives. page 3 page 3 MÉTHODOLOGIE • PRINCIPES DE COLLECTE – Des statistiques établies sur la base des réponses collectées via le site Internet sécurisé www.afic-data.com dédié aux membres de l'AFIC.