This statement is made as a result of the implementation of the Modern Slavery Act 2015 (“MSA”).
LGT Wealth Management UK LLP (“LGT”, “we” or “our”) is a Limited Liability Partnership incorporated in England and Wales with registered number OC329392 and its registered office is at 14 Cornhill, London EC3V 3NR.
LGT is a professional services firm providing investment management services and financial advice to clients and is regulated by the Financial Conduct Authority (FCA). LGT employs over 300 people and has business operations in the United Kingdom and Jersey.
LGT is part of the private banking group LGT, owned by the Princely Family of Liechtenstein. LGT is a leader in the field of integrating sustainability, the highest standards in occupational health and safety and the observation of human rights and labour law into all facets of its businesses, including its supply chain. We follow the lead of LGT in adhering strongly to these principles.
As part of our commitment to combating modern slavery, we have implemented the following policy: “The Modern Slavery Act 2015 and LGT's Obligations relating thereto”. We fully support the government's objectives to eradicate all forms of modern slavery and human trafficking. The management of LGT has given careful consideration to Section 54 “Transparency in Supply Chains” of the MSA and its implications for our procurement of services and goods.
We have concluded that the services we provide and goods used are very unlikely to be affected by slavery considerations. The services that LGT provides to its clients are predominantly office-based and our supply chain largely consists of other regulated professions (banks, solicitors, accountants etc.) and we thus consider the slavery and human trafficking risk to be extremely low. Consequently, we have taken no specific action during the past financial year in relation to these elements of our supply chain.
Other services procured by or on behalf of LGT consist primarily of data services, office, recruitment and information technology resources. LGT reviews and vets any external contractors to ensure that they have the requisite accreditations and are appropriately qualified for the roles they are asked to undertake. Again, these services are based in the United Kingdom and Jersey and LGT considers these services to be low risk in respect of slavery and human trafficking. Given this, we believe that our current procedures, coupled with our ability to rely on professional body and regulatory oversight in relation to professional services are sufficient in this regard.
In terms of goods supplied to LGT, the majority are goods for use in an office environment. Occasionally, LGT will be supplied with goods for use outside an office environment, for example, client gifts. All LGT personnel with purchasing responsibilities are required to adhere to the abovementioned policy when exercising their responsibilities. During the past financial year, we have not deemed it necessary to take any additional steps over and above our standard supplier approval process, but shall maintain assessment, on an ongoing basis, as to whether any additional measures are required in relation to each and every substantial acquisition of goods.
This statement has been approved by the Management Board of LGT Wealth Management UK LLP, and signed by its designated member, on 23 March 2022, who will review and update it on an annual basis.
Authorised and regulated by the Financial Conduct Authority. Member of the London Stock Exchange. VAT number: 165847079. Registered office: 14 Cornhill, London, EC3V 3NR. Registration number: OC329392