AGP Executive Report

Last update: 7 hours ago

LGT Results: Liechtenstein’s LGT posted first-half 2026 growth, with profit up 17% to SFr281.6m and assets under management hitting a record SFr412.6bn, breaking the CHF 400bn mark for the first time as net new inflows reached SFr12.3bn. LLB Momentum: LLB Group also reported stronger performance, with first-half profit up 15.3% to SFr105.0m, net new money rising to SFr2.23bn and assets under management reaching a record SFr115bn. Succession Reform: The Princely House changed its succession rules after 400 years, moving from male primogeniture to absolute primogeniture so the firstborn child—regardless of sex—can inherit the throne. Vatican Finance Link: Pope Leo XIV appointed Princess Gisela of Liechtenstein to the Vatican’s Council for the Economy, adding a Liechtenstein royal to the body overseeing Holy See finances. Sanctions & Compliance: The EU welcomed Liechtenstein’s alignment with new sanctions against Belarus, including expanded restrictions tied to crypto-asset activities. US Drone Tariffs: The US set Section 232 tariffs on drones and components starting Sept. 3, with rates up to 100%, and lower caps for qualifying imports from allied markets including Liechtenstein. Tax Enforcement Abroad: HMRC in the UK sent 81,000 “nudge letters” to crypto investors as authorities step up scrutiny of digital-asset tax compliance. Cyber Risk Watch: France’s tax agency DGFiP disclosed a breach affecting 678,000 people, highlighting how stolen logins can expose sensitive tax data.

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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Pope Leo appoints princess to Vatican finance council

Pope Leo appoints princess to Vatican finance council


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Jul. 23, 2026

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