Prince Behind $490 Billion Private Bank Says Political Risk Rising
Photographer: Benjamin Girette/Bloomberg
A wealthy royal who runs one of the biggest private banks in Europe said he’s concerned about rising geopolitical risks and called on investors to spread their assets globally.
“I worry that the shift we are observing now is one that is going in the wrong direction,” said Prince Max von und zu Liechtenstein, chairman of LGT Group, his family’s private banking and asset-management firm at the Bloomberg Family Office Summit in Hong Kong on Wednesday. “Hopefully, overtime this will swing back.”