LGT, the Liechtenstein-based private banking and asset management group, has appointed Roland Matt as the new CEO of LGT Bank and senior management board member of LGT Private Banking.

Matt has previously held leadership roles in both in private banking and in the Liechtenstein financial centre.

He was part of the board of management of Liechtensteinische Landesbank (LLB) since 2009 and was at its helm as the group CEO since 2012.

Matt has also served as a board member of the Liechtenstein Bankers Association and the Liechtenstein Chamber of Commerce and Industry in his role as the group CEO.

Since 2002, he has been part of LLB and held various management positions including head of the domestic and institutional markets, the international market and investment services.

He previously had a stint of over 12 years at VP Bank in Vaduz.

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Commenting on the appointment, LGT chairman Max von und zu Liechtenstein said: “I thank Roland Schubert for his outstanding work and the commitment with which he has successfully led LGT Bank Ltd. With his experience he will as a member of the Board of Directors continue to make an important strategic contribution to further market development.

He added: “We are pleased that Roland Matt will take over responsibility for LGT Bank Ltd. as CEO. With his experience, track record and personal background he has the ideal prerequisites for this role.”

Roland Matt will join LGT in the end of this year and become CEO of LGT Bank, effective 1 January 2022.

Part of the LGT Private Banking Group, Vaduz-based LGT provides wealth management as well as banking and financing services to HNW individuals and financial intermediaries in German-speaking countries, as well as in other markets.

It also provides retail banking services in Liechtenstein.

In H1 2020, LGT reported a rise in profit despite the challenging market conditions caused by the Covid-19 pandemic.

In February last year, LGT named Karen Fawcett as its Foundation Board member.