CEO of the LLB Group accepts new challenge
Vaduz, 26 January 2021. Group Chief Executive Officer Roland Matt has decided to leave the LLB Group and take on a new professional challenge. Urs Müller, Deputy Group Chief Executive Officer and Head of the Private and Corporate Clients division, will act as interim head of the LLB Group.
Urs Müller to act as interim head of the LLB Group
Roland Matt has informed the Board of Directors that he wishes to take on a new professional challenge. He has worked for Liechtensteinische Landesbank AG since 2002. Starting in 2009, he was a Member of the Group Executive Management and the Board of Management of the LLB Group, becoming its Group Chief Executive Officer at the beginning of 2012.
As Group CEO, Roland Matt played a key role in shaping the development of the LLB Group and steered the company towards success and growth. In line with the Focus2015 strategy, the LLB Group concentrated on its core business and streamlined its corporate structure. Roland Matt vigorously advanced the expansion and consolidation of the company over the past five years during the StepUp2020 strategy period. The business volume has grown from CHF 55 billion to CHF 85 billion since 2015. At the same time, under Roland Matt's leadership, the LLB Group implemented comprehensive digitalisation initiatives and made strategic acquisitions in Austria and Switzerland.
Gabriela Nagel-Jungo, Vice Chairwoman of the Board of Directors, says: "As a widely recognised leader, Roland Matt has contributed significantly to the sustainable and forward-looking development of the LLB Group. He has very successfully implemented the StepUp2020 strategy around the core elements of growth, profitability, innovation and excellence. In addition, he was exemplary in his ability to embed the principle of being guided by values as an essential part of the LLB Group's corporate culture. The Board of Directors deeply regrets his departure and thanks him for his great commitment to the company. We wish him all the best for the future."
Effective immediately, Urs Müller, Head of the Private and Corporate Clients division, will act as interim Group CEO. He has held several management positions at the LLB since 1995. In 2011, he became a Member of the Group Executive Management and the following year, Deputy Group CEO.
Recruitment is under way to designate a successor.
Liechtensteinische Landesbank AG (LLB) is the longest established financial institute in the Principality of Liechtenstein. The majority of the company's share capital is held by the Principality of Liechtenstein. LLB's shares are listed on SIX symbol: LLBN). The LLB Group offers its clients comprehensive wealth management services, as a universal bank, in private banking, asset management and fund services. With 1'075 employees (full-time equivalent positions), LLB is represented in Liechtenstein, Switzerland, Austria and the United Arab Emirates (Abu Dhabi and Dubai). As per 30 June 2020, the business volume of the LLB Group stood at CHF 86.5 billion.
- 11 March 2021, presentation of the annual results for 2020
- 7 May 2021, 29th ordinary General Meeting of Shareholders
Liechtensteinische Landesbank AG
Dr. Cyrill Sele
Head of Group Corporate Communications & Sustainability
Telephone +423 236 80 99