Raiffeisen Privatbank Liechtenstein has expanded its management group by naming Arzu Tschütscher-Alanyurt as its new CFO.

She will bolster the private bank’s current management team that includes Alexander Putzer (CEO) and Georg Stöckl (COO).

Austrian-born Arzu Tschütscher-Alanyurt is an economist and has experience in both national and international financial- and risk management.

She previously held various senior positions in the financial industry in Vienna, Berlin and London.

Currently, Tschütscher-Alanyurt is a member of the administrative board of the Telecom Liechtenstein. Also, she is on the board of trustees for the Stiftung Zukunft.li as well as a board member of the Institute for Financial Services Zug (IFZ), part of the University of Lucerne.

The appointment is subject to approval by the Financial Market Authority (FMA).

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Raiffeisen Privatbank Liechtenstein offers private banking services in the German-speaking countries of Europe. It specialises in high-net-worth investors with investable assets of over CHF250,000.

As of 31 December 2017, the bank had CHF1.07bn in customer assets under management.