LGT expands European base with Salzburg opening

Liechtenstein-based LGT Group, the banks parent firm, aims to attract further high net worth (HNW) attention in Austria, having made its mark in Vienna over the last five years. By the end of 2012 LGT plans to have in place a team of 10 relationship managers, based at Schwarzstrasse 21 in Salzburg, to provide customised investment strategies for HNW clients, the bank said.

By Dan Bone

LGT Bank will open a branch in Salzburg, Austria in late 2012.

Liechtenstein-based LGT Group, the bank’s parent firm, aims to attract further high net worth (HNW) attention in Austria, having made its mark in Vienna over the last five years.

By the end of 2012 LGT plans to have in place a team of 10 relationship managers, based at Schwarzstrasse 21 in Salzburg, to provide customised investment strategies for HNW clients, the bank said.

Gernot Muster, previously a managing director at Deutsche Bank, will be in charge of the bank’s development.