LGT creates Region EMEA
22 June 2022
LGT is restructuring in LGT Private Banking. It is introducing a new regional governance structure for its activities in Liechtenstein, Switzerland, Austria and the Middle East (EMEA). Through this, it wants to manage further profitable growth more effectively.
LGT is introducing a new governance structure for its Private Banking activities in Liechtenstein, Switzerland, Austria and the Middle East. It is led by the CEO of LGT Bank Liechtenstein, Roland Matt. Governance at group and market levels remains unchanged.
With this restructuring, the bank owned by the Principality of Liechtenstein announced it is reflecting the company’s growth in recent years. From 108 billion Swiss francs in 2016, assets under management have increased to 207 billion francs by 2021.
“Our business has significantly increased in size and substance over the last several years,” said Olivier de Perregaux, CEO of LGT Private Banking. “The establishment of Region EMEA under the leadership of Roland Matt will help us to manage further profitable growth effectively.”