01/13/2022 | Press release | Distributed by Public on 01/14/2022 02:17
Vaduz/Vienna, 13 January 2022. Natalie Flatz has been appointed Chair of the Board of Directors of LLB (Österreich) AG. This is the first time this top position in a private bank in Austria has been held by a woman. Natalie Flatz succeeds Gabriel Brenna, Group CEO of the LLB Group, who has served as Chairman of the Board of Directors of LLB Österreich since 2012.
"As an Austrian, I am particularly looking forward to this new responsibility. It allows me to take on a responsible role not only for the LLB Group, but also for LLB Österreich, in my country of origin. As part of the LLB Group's ACT-26 strategy, we want to further expand our position in Austria in the coming years as the leading wealth management bank, as a unique fund powerhouse, and as a reliable partner in institutional business," says the new Chair of the Board of Directors.
A trained lawyer who studied law at the University of Innsbruck and completed a Master of European and International Business Law at the University of St. Gallen, Natalie Flatz has worked for the LLB in various management positions since 2011. She joined the Group Executive Board of the LLB Group in 2016, heading the Institutional Clients Division. As part of the Group's new strategic orientation, Natalie Flatz was entrusted with the leadership of International Wealth Management. Alongside Liechtenstein and Switzerland, Austria is one of the home markets within the Group.
Natalie Flatz is the first woman to chair the board of directors of a private bank in Austria. According to Group CEO Gabriel Brenna, "As an Austrian with many years of banking experience in management positions, Natalie Flatz has extensive knowledge of the specific requirements of the position. Her impressive career at the LLB Group underscores this and demonstrates that diversity and an open culture are deeply anchored in the LLB's DNA. We are very proud that Natalie Flatz is playing a pioneering role at the head of LLB Österreich."
The Liechtensteinische Landesbank AG (LLB) is the longest established financial institute in the Principality of Liechtenstein. The Principality of Liechtenstein holds the majority of the company's share capital. The LLB's shares are listed on the SIX (symbol: LLBN). The LLB Group offers its clients comprehensive wealth management services, as a universal bank, in private banking, asset management and fund services. With 1'092 employees (full-time equivalent positions), the LLB Group is represented in Liechtenstein, Switzerland, Austria, and the United Arab Emirates (Abu Dhabi and Dubai). As per 30 June 2019, the LLB Group managed a business volume of CHF 85.6 billion.
With assets under management of over EUR 22 billion and over 230 employees (as at 30 June 2019),Liechtensteinische Landesbank (Österreich) AG is Austria's leading asset management bank. The independent, fully licenced Austrian bank also is active in countries across of Central and Eastern Europe, as well as in Italy and Germany. As a wholly-owned subsidiary of Liechten-steinische Landesbank AG (LLB), Vaduz, LLB (Österreich) AG is able to take advantage of the stability and exemplary credit rating of its owner, and to build on more than 150 years of experience at the longest-established financial institution in the Principality of Liechtenstein. Alongside Liechtenstein and Switzerland, Austria has been one of the LLB Group's three declared home markets since 2009.
Liechtensteinische Landesbank AG
Dr. Cyrill Sele
Head of Group Corporate Communications & Sustainability
Telephone +423 236 80 99