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LGT Bank opens a branch in Salzburg

July 10, 2012

LGT Bank (Österreich) AG is to open a branch in Salzburg in late 2012. Just like their Viennese counterparts, high-net-worth private investors in Salzburg will thus benefit from the private banking services that the bank of the Princely House of Liechtenstein provides in Austria.

From middle of July 2012 onward, a team of relationship managers, based at Schwarzstrasse 21 in Salzburg, will be on hand to offer tailor-made, long-term investment solutions to high-net-worth clients. Following completion of rebuilding and renovation work, the new branch will begin serving clients on a regular basis toward the end of the year. Ten employees in all will take care of clients from the region. Meinhard Platzer, CEO of LGT Bank (Österreich) AG, said: “Over the past few years, LGT has seen a very positive development in Austria, with 40 employees now working at our head office in Vienna. Opening the new branch allows us to develop a second focal point for our activities. The Salzburg region is very important to us.”

Gernot Muster, in charge of developing the new branch in Salzburg, spent the past three years as Managing Director of Private Wealth Management Austria at Deutsche Bank in Vienna, having previously headed up Deutsche Bank’s private client business for its West region for ten years. “We are delighted to have been able to secure an outstanding, highly experienced team for LGT under the leadership of Gernot Muster,” said Meinhard Platzer.

H.S.H. Prince Max von und zu Liechtenstein, CEO of LGT Group, commented: “Austria is a key component of our strategic focus in Europe and one of our core markets. LGT Bank has enjoyed great success in Vienna over the past five years. With our new branch in Salzburg, we intend to further strengthen our position on the Austrian market. Our family has always had a close connection to Austria, one of the main reasons why we see it as very important to have a strong presence here with our bank and also to grow further in the future.”