 In the years that followed, LGT opened a branch in Salzburg, Austria (2012), as well as LGT Middle East in Dubai (2013).Between 2012 and 2017, LGT acquired several new portfolios and operations, including Clariden Leu’s ILS boutique (2012), a private banking portfolio from HSBC in Switzerland (2014), a majority stake in London-based wealth management partnership Vestra Wealth (2016), the private banking operations of ABN AMRO Asia in Asia and the Middle East (2016) and European Capital Fund Management (2017).In 2019, LGT opened a branch in Thailand (LGT Securities Thailand) and also entered the Indian market through the acquisition of a majority stake in Validus Wealth (FDI approval pending).