Frankfurt Liechtenstein private bank LGT has acquired a stake in Berlin-based online asset manager Liqid. Both companies announced this on Thursday.
As part of a new funding round totaling €88 million for further expansion, the Liechtenstein Corporation participated with an estimated stake of just under 30 per cent. The private bank is owned by the Princely House of Liechtenstein, with assets under management of approximately 240 billion euros, and is one of the largest family-owned private banking and asset management groups in the world.
“We are very pleased that LGT is now one of our group of investors,” says Christian Schneider Sickert, founder and CEO of Liqid. “With the money from the funding round, we want to accelerate growth in Southern and Central Europe in particular,” the company’s president told Handelsblatt.
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