The Liechtensteinische Landesbank (LLB) has recently opened new branches in Germany, specifically in Munich, Frankfurt, and Düsseldorf. These expansions are aimed at leveraging the bank’s close relationship with Switzerland and Europe to strengthen its presence in the market.

According to a press release, the LLB branches in Germany began operations in January 2024 with a team of 20 employees. The bank plans to have a total of around 40 employees dedicated to serving the German market in the future.

The LLB has been experiencing significant growth, as evidenced by its record-breaking half-year results in 2023. As a result, the bank is investing in its expansion and sees great potential in the German market.

The Munich branch is led by Jochen Schindler-Nagy, who previously worked at UBS Europe and Credit Suisse. Lennart Marx, formerly employed at Deutsche Bank and Italian Unicredit, serves as the deputy branch manager. In Frankfurt, Matthias Luck, formerly of UBS Germany and Julius Bär Germany, takes the helm, with Jan-Robert Bachmann from Deutsche Bank serving as the deputy branch manager.

LLB CEO Gabriel Brenna highlighted the advantages that Liechtenstein banks have in Germany, such as the stability of the Swiss franc and the close relationship with Switzerland through the currency and customs union, as well as membership in the European Economic Area (EEA).

It is worth noting that other Liechtenstein banks, such as LGT Bank, are also expanding their presence in Germany.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Europe
Countries	🇩🇪 🇨🇭
Sentiment	very positive
Relevance Score	1
People	Matthias Luck, Lennart Marx, Gabriel Brenna, Jan-Robert Bachmann, Jochen Schindler-Nagy
Companies	LGT Bank, UBS Europe, Credit Suisse, Julius Bär Deutschland, UBS-Europabank, Unicredit, Deutsche Bank
Currencies	None
Securities	None