Institutional Clients Segment

Intermediary and investment fund business, asset management

The Institutional Clients Division encompasses the intermediary and investment fund business, as well as asset management services. As a result of the acquisitions made in 2018, the LLB Group now unites four investment fund management companies under one corporate roof. In its three home markets of Liechtenstein, Austria and Switzerland, it operates as a dynamic, versatile fund powerhouse. The focus lies on providing private label fund solutions. The LLB teams of experts for the care of fiduciaries, external asset managers, insurance companies and public institutions are distinguished by their holistic, partner-like client orientation. LLB Asset Management AG fulfils a central role within the LLB Group. Its award-winning, outstanding investment competence is one of the Group’s great strengths. At the Refinitiv Lipper Group Awards in April 2019, LLB was named European champion in the “Overall Small Company” category.

Business segment result

The segment profit before tax of the Institutional Clients segment rose by 35.6 percent to CHF 35.6 million. Operating income improved largely on account of the good performance of interest business from foreign currency investments. Thanks to active sales and marketing efforts, as well as the consolidation of LB(Swiss) Investment AG and Semper Constantia Privatbank AG, fees and commissions exceeded the previous year’s result. Operating expenses increased in comparison with the equivalent period in the previous year due to the additional personnel in the companies taken over. Positive inflows in all business areas led to a gratifying increase in net new money inflows of CHF 1.7 billion. The business volume expanded by 10 percent to CHF 47.5 billion.