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12 November 2019
BUSINESS

Liechtensteinische Landesbank inaugurates DIFC branch

The UAE branch offers enhanced services and will strengthen the lender's regional presence.

LIECHTENSTEINISCHE LANDESBANK NEW DIFC OFFICE/SUPPLIED


Vaduz-based Liechtensteinische Landesbank (LLB) has inaugurated its new Dubai International Financial Centre (DIFC) office after being granted a licence to operate as a financial advisory earlier this year.

Dr. Gabriel Brenna, Member of the Board of Management and Head of the Private Banking Division, said, “The move to DIFC, and our new, larger offices in Burj Daman reflect the successful development of our business model in recent years and represents an important step for our future growth in the Middle East.”

The bank has been present in the Middle East region since 2005 with representative offices in Abu Dhabi and Dubai.

“The new premises will allow Liechtensteinische Landesbank to better pursue development efforts in the GCC and across the wider Middle East and offers a comfortable, state-of-the-art base from which to service our clients,” Ludovic Pernot, the Head of Private Banking Middle East and Senior Executive Officer of the new DIFC branch.

The offices will allow LLB to better pursue development efforts in the GCC and across the wider Middle East, offering a comfortable, state-of-the-art base from which to service our clients, said Pernot.

The Swiss Stock Exchange-listed bank stated that it offers local products such as access to UAE shares, Shari’ah-friendly discretionary mandates as well as financing for life insurance.

Similarly, LLB offers individual investment advice, asset management as well as personal financial planning, cost-efficient lending and wealth management.


RELATED STORIES: WEALTH STRUCTURING DUBAI INTERNATIONAL FINANCIAL CENTRE LIECHTENSTEINISCHE LANDESBANK ASSET MANAGEMENT


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