The appointment strengthens the firm’s commitment to generational wealth stewardship and bespoke advisory services for Australia’s Ultra High Net Worth (UHNW) families.
LGT Wealth Management Australia has appointed Kaajal Prasad as Head of Family Advisory, expanding the firm’s expertise in family governance and strategic wealth transfer. Kaajal brings extensive experience in wealth structuring and family governance to support Australia’s high-net-worth (HNW) and ultra-high-net-worth (UHNW) clientele in preserving and growing their wealth across generations.
As Head of Family Advisory, based in Melbourne, Kaajal will be responsible for leading LGT Wealth Management’s efforts in addressing the growing needs of sophisticated investors across Australia. With an estimated AUD$3.5 trillion expected to transfer between generations over the next decade, succession planning, family values, dynamics and governance have become critical priorities for those seeking long-term wealth preservation.
LGT Wealth Management – wholly owned by LGT – draws on the Princely Family of Liechtenstein’s 900-year legacy of wealth stewardship. This unique heritage enables the firm to offer clients unparalleled expertise in navigating the complexities of succession planning, governance and legacy building. Kaajal’s deep knowledge and experience will further enhance the firm’s ability to deliver tailored guidance to Australian families.
Michael Chisholm, Chief Executive Officer of LGT Wealth Management, said, "We’ve been deliberate in our search for a leader who not only aligns with our vision but also understands the evolving needs of Australian families. Kaajal’s expertise in wealth structuring, governance and succession planning makes her a natural fit for LGT Wealth Management.
“As we see intergenerational wealth transfer rise in prominence, her leadership will ensure we remain focused on what matters most to our clients – their family values and long-term aspirations – ensuring these elements are at the heart of their wealth planning.
"As part of one of the world’s largest family-owned wealth management firms, LGT Wealth Management is uniquely positioned in the Australian market. We combine deep, local relationships with the stability, scale and expertise of a global leader in wealth management. By drawing on centuries of experience in intergenerational wealth transfer, we’re able to provide tailored governance and succession planning solutions that help families build lasting legacies.
“Kaajal’s appointment marks an important milestone for us, further strengthening our role as a trusted partner in securing the future of these families,” Michael noted.
Kaajal joins LGT Wealth Management from KPMG, where she was a partner in the Family and Private Client business. With over 18 years’ experience in wealth structuring and governance, she has been a trusted advisor to HNW and UHNW families as well as not-for-profit boards, guiding them through the intricacies of succession planning, risk management, growth strategies for emerging businesses asset protection and more. Her deep subject matter expertise, coupled with a passion for delivering tailored advisory solutions, will be invaluable in empowering LGT Wealth Management’s advisers and clients.
Kaajal is a Chartered Accountant, a registered tax agent and holds a law degree. She also serves as an independent adviser to several family-owned businesses and not-for-profit organisations.
Ping Ping Lim, Vice Chairwoman, Global Family Wealth for LGT Private Banking APAC welcomed Kaajal’s appointment, stating, “Kaajal’s appointment marks a significant step in LGT Wealth Management’s continued commitment to providing Australian families with strategic guidance grounded in global best practices. We’re excited for Kaajal to lead our efforts in Australia, building lasting legacies and fostering trust with the families we serve.”
On her role, Kaajal commented, "The future of wealth management is not just about preserving assets - it’s about preserving legacies, and I’m honoured to play a part in that journey for Australian families at LGT Wealth Management.
“I look forward to working closely with clients to ensure that their wealth is not only protected but also passed down in a way that reflects their values, vision and long-term goals. It’s about creating a foundation that transcends generations and leaves a lasting impact for those who follow,” Kaajal concluded.
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