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.

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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.

LGT Group CEO Prince Max von und zu
Liechtenstein said the move would go a long way to strengthening
the company’s standing in the country.

 

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