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.

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.