LGT Capital Partners Receives Consob Authorization to Provide Investment Services in Italy

LGT Capital Partners AG, based in Switzerland, has obtained the first authorization from Consob granted to a third-country firm, other than a bank, based in Switzerland, to provide investment services in Italy without establishing branches, to qualified counterparties or professional clients. LGT Capital Partners, a private company owned by the reigning family of Liechtenstein, is one of the world’s leading specialists in alternative investments, with over USD 110 billion in assets under management and more than 700 institutional clients across 50 countries.

The authorization was made possible by the conclusion of the 2023 cooperation agreement between the Swiss Federal Financial Market Supervisory Authority (“FINMA”), Consob, and the Bank of Italy, aimed at facilitating the performance of their respective supervisory functions. The agreement sets the framework for effective cooperation and the exchange of information among the three authorities for supervisory purposes.

Gianni & Origoni assisted LGT Capital Partners AG with a team composed of Partner Emanuele Grippo and Counsel Claudia Colomba for all regulatory aspects related to the authorization procedure, while the tax aspects were handled by Partner Luciano Bonito Oliva and Counsel Carmen Adele Pisani.