Media communiqué

Takeover of LB(Swiss) Investment Ltd complete

LLB Group enters the Swiss fund market

Vaduz, 4 April 2018. On 23 February 2018, Liechtensteinische Landesbank AG (LLB) announced the acquisition of the Swiss fund company LB(Swiss) Investment Ltd. The transaction was now formally concluded as planned on 3 April 2018.

With the closing of the takeover, Liechtensteinische Landesbank AG, Vaduz, has acquired 100 per cent of shares of LB(Swiss) Investment Ltd from Frankfurter Bankgesellschaft (Switzerland) Ltd, Zurich. FINMA had granted supervisory approval for the acquisition in advance.

The Swiss fund company will operate under the name LLB Swiss Investment AG from May 2018. Natalie Epp, Head of the Institutional Clients Division at the LLB Group, will chair the Board of Directors. Bruno Schranz, Head of Fund Services at the LLB Group, and Hans Stamm, a previous member of the Board of Directors, will be additional members. The Board of Management will continue to comprise Marcel Weiss and Ferdinand Buholzer. As long-time leaders of LB(Swiss) Investment Ltd, they will together with the existing team ensure continuity.

The takeover will provide the LLB Group with access to the Swiss fund market. It will substantially expand its fund business, which it will operate in all three of its home markets - Liechtenstein, Austria and Switzerland.

　

Media communiqué from 23 February 2018 "LLB to acquire LB(Swiss) Investment Ltd": www.llb.li/en/media/media-communiques/2018/mm23022018

Important dates

  • Wednesday, 9 May 2018, 26th General Meeting of Shareholders
  • Thursday, 23 August 2018, presentation of the interim results for 2018
  • Thursday, 14 March 2019, presentation of the annual results for 2018

Brief portrait

Liechtensteinische Landesbank AG (LLB) is the longest-established financial institute in the Principality of Liechtenstein. The majority shareholder is the Principality of Liechtenstein. The LLB's shares are listed on the SIX Swiss Exchange (symbol: LLBN). The LLB Group offers its clients comprehensive wealth management services: as a full-service bank as well as in private banking, asset management and fund services. With 867 employees (in full-time positions), the Group is represented in Liechtenstein, Switzerland, Austria and the United Arab Emirates. As of 31 December 2017, the LLB Group managed a business volume totalling CHF 62.3 billion.


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