AGP Executive Report
Last update: 7 hours agoLiechtenstein Succession Reform: The Princely House has amended succession rules after 400 years, moving from male primogeniture to absolute primogeniture so the firstborn child—regardless of sex—can inherit the throne. Private Banking Momentum (Liechtenstein): LGT reported a 17% H1 profit rise to SFr281.6m, with assets under management hitting a record SFr412.6bn and net new assets of SFr12.3bn. Local Finance Growth: Kaiser Partner Privatbank also topped CHF 10bn in assets under management, up 5.6% to CHF 10.3bn, alongside higher profit and inflows. Drone Supply-Chain Shock (US): New US Section 232 tariffs will raise costs for unmanned aircraft systems, with 100% duties on larger/thermal drones from Sept 3 and minimum import price rules for polysilicon and derivatives from Dec 4—key signals for European industrial suppliers. EU Medical Approvals (Liechtenstein included): The European Commission cleared Gilead’s Trodelvy plus Keytruda for first-line metastatic TNBC and approved Acadia’s DAYBU for Rett syndrome, both covering Liechtenstein access pathways. Cross-Border Trade: Hong Kong’s FTA with Peru enters into force Sept 1, expanding market access for manufacturers, services, investment and e-commerce. Identity & Compliance Tech: EBSI and bank pilots are pushing decentralized identity standards toward cross-border credential verification, with Liechtenstein named among participating jurisdictions.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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