Structure and organisation of the LLB Group

Business model

The Group structure of LLB follows a clear strategic pattern:

• a bank each in Liechtenstein, in Switzerland and in Austria
• focused business model with three market divisions: Retail & Corporate Banking, Private Banking and Institutional Clients
• two competence centres: Asset Management and Fund Services
• stable, long-term ownership structure and very solid capital base

The three market divisions

The LLB Group’s business model is based on three profitable market divisions:

• Retail & Corporate Banking comprises the universal banking business in the home markets of Liechtenstein and Switzerland (see chapter “Retail & Corporate Banking”,). It provides the full range of universal bank services to private and corporate clients. As the market leader in Liechtenstein, LLB has a strong competitive position. Bank Linth is the largest regional bank in eastern Switzerland.
• Private Banking comprises investment advice, asset management, asset structuring as well as financial and pension planning (see chapter “Private Banking”). Its focus is on the onshore markets of Liechtenstein, Switzerland and Austria, on the traditional cross-border markets in Germany and the rest of Western Europe, and on the growth markets of Central and Eastern Europe as well as the Middle East.
• Institutional Clients comprises the intermediary and fund business as well as the Asset Management Business Area of the LLB Group (see chapter “Institutional Clients”). Clients include fiduciaries, lawyers, asset managers, fund promoters, insurance companies, pension funds and public institutions. With our Asset Management, the largest investment team in Liechtenstein, we have multiple award-winning investment expertise. Under the umbrella of our fund powerhouse, we bring together four fund management companies in three jurisdictions, making us a leading fund provider in the market regions of Liechtenstein, Austria and Switzerland.

Management structure

The management structure of the LLB Group is divided into divisions.

• The Board of Directors is responsible for overall management, supervision and control; it sets the basis for the Group’s strategy, organisation and finances (see chapter “Corporate governance”).
• The Group Executive Board comprises the heads of the six divisions – three market divisions and Group CEO, Group CFO and Group COO – (see “Organisational structure”).

Group structure

The LLB Group has a presence through its three banks in the market regions of Liechtenstein (Liechtensteinische Landesbank AG), Switzerland (Bank Linth LLB AG) and Austria (Liechtensteinische Landesbank (Österreich) AG). With LLB Asset Management AG and LLB Fund Services AG, our Group has two competence centres in the areas of asset management and fund services respectively.

Group structure