4 Group Executive Board
4.1 Members
The LLB Group’s organisational structure is consistently geared towards client and market needs. At Group Executive Board level are the market divisions “Retail & Corporate Banking” and “International Wealth Management”. The Group Executive Board also includes the Group Chief Executive Officer (Group CEO), the Group Chief Financial Officer (Group CFO) and the Group Chief Digital & Operating Officer (Group CDO).
Gabriel Brenna
Group Chief Executive Officer
1973, CH / I
Joined the Group Executive Board:
2012
Education:
- Ph.D., Electrical Engineering, Semiconductors, Swiss Federal Institute of Technology (ETH) Zurich, 2004
- M. Sc., Electrical Engineering, Ecole polytechnique fédérale de Lausanne, 1998
Professional career:
- McKinsey & Company, Zurich and London; most recently, Partner and Head of Swiss Private Banking and Risk Management Practice, 2005-2012
- Senior Project Leader, Advanced Circuit Pursuit, Zollikon, 2002–2004
- Research and instruction, ETH Zurich, 2000–2004
- Project Leader, Philips Semiconductors, Zurich, 1998–1999
Liechtensteinische Landesbank:
- Group Chief Executive Officer, since March 2021
- Head of Private Banking division, October 2012–2021
- Member of the Group Executive Board and the Board of Management, since 2012
Board of Directors mandates in Liechtensteinische Landesbank Group companies:
- Liechtensteinische Landesbank (Österreich) AG (Member of the Supervisory Board)
- LLB (Switzerland) AG (Member)
- LLB Asset Management AG (Chairman)
Other functions:
- Member of the Board of the Liechtenstein Bankers Association
- Member of the Board of the Liechtenstein Chamber of Commerce and Industry
- Member of the Board of Trustees of the Personnel Pension Fund Foundation of Liechtensteinische Landesbank AG
- Chairman of the Board of Trustees of the “Future Foundation of Liechtensteinische Landesbank AG”
Christoph Reich
Group Chief Financial Officer, Vice Group Chief Executive Officer
1974, CH
Joined the Group Executive Board:
2012
Education:
- Executive Master Law & Management (LM-HSG), St. Gallen, 2023
- Executive MBA, University of St. Gallen (HSG), 2009
- Federally qualified licentiate in economics, FHS St. Gallen, 1999
Professional career:
- Partner at Syndeo AG, Head of Accounting and Controlling for Banks, Horgen (ZH), 2006–2010
- Team manager Budget and Management Services, Asian Development Bank, Manila / Philippines, 2003–2006
- Senior consultant, KPMG Consulting, Zurich, 1999–2003
- Investment adviser for private clients, St. Galler Kantonalbank, Wil (SG), 1994–1996
- Commercial apprenticeship, St. Galler Kantonalbank, Buchs (SG), 1990–1993
Liechtensteinische Landesbank:
- Vice Group Chief Executive Officer, since 2022
- Group Chief Financial Officer, since 2012
- Chief Financial Officer, 2012–2012
- Member of the Group Executive Board and the Board of Management, since 2012
- Head of Group Finance & Risk Department, 2010–2012
Board of Directors mandates in Liechtensteinische Landesbank Group companies:
- Liechtensteinische Landesbank (Österreich) AG (Vice Chairman of the Supervisory Board)
- LLB (Switzerland) AG (Member)
- LLB Asset Management AG (Member)
Other functions:
- Member of the Board of Trustees of the “Future Foundation of Liechtensteinische Landesbank AG”
- Member of the Liechtenstein Deposit Guarantee and Investor Compensation Foundation (EAS)
Natalie Flatz
Head of “International Wealth Management” division
1977, AT
Joined the Group Executive Board:
2016
Education:
- Diploma of Advanced Studies (DAS) in Banking, 2017
- Executive Master of European and International Business Law, University of St. Gallen, 2006
- Mag. iur., University of Innsbruck, 2000
Professional career:
- Member of senior management at the Liechtenstein Fund Management Company IFOS, 2008–2011
- Private labelling client adviser at the Liechtenstein Fund Management Company IFOS, 2006–2007
- Legal assistant at the Liechtenstein Bankers Association, 2003–2005
Liechtensteinische Landesbank:
- Head of “International Wealth Management” division, since 2022
- Head of Institutional Clients division, July 2016–2021
- Member of the Group Executive Board and the Board of Management, since 2016
- Head of Fund Services Business Area, 2012–2016
- Head of Institutional Clients Business Unit, 2011–2012
Board of Directors mandates in Liechtensteinische Landesbank Group companies:
- Liechtensteinische Landesbank (Österreich) AG (Chairwoman of the Supervisory Board)
- LLB Fund Services AG (Chairwoman)
- LLB Swiss Investment AG (Chairwoman)
- LLB Services (Schweiz) AG (Vice Chairwoman)
Other functions:
- Member of the Board of Trustees of the “Future Foundation of Liechtensteinische Landesbank AG”
Patrick Fürer
Group Chief Digital & Operating Officer
1965, CH
Joined the Group Executive Board:
2019
Education:
- Dr. oec. HSG, University of St. Gallen, 1993
- Licentiate in economics at the University of St. Gallen (HSG), 1990
Professional career:
- Chief Executive Officer, Notenstein La Roche Privatbank AG, St. Gallen, 2017–2018
- Chief Financial Officer, Notenstein La Roche Privatbank AG, St. Gallen, July–September 2017
- Chief Executive Officer, Morgan Stanley Bank AG, Zurich, 2016–2017
- Member of the Executive Board and Chief Operating Officer, Morgan Stanley Bank AG, Zurich, 2009–February 2016
- Member of the Executive Board and Head of IT and Processing, Raiffeisen Bank Switzerland, St. Gallen, 2007–2008
- Group Head of Operations, WestLB AG, Düsseldorf, London, 2003–2006
- Chief Executive Officer, WestLB Panmure, London, 2002–2003
- Chief Operating Officer, WestLB Panmure, London, 1998–2002
- Chief of Staff, Trading & Sales, Union Bank of Switzerland, Zurich, 1995–1998
- IT Project Controller and Head of Controlling of the IT division, Union Bank of Switzerland, Zurich, 1991–1994
Liechtensteinische Landesbank:
- Member of the Group Executive Board and the Board of Management, since 2019
- Group Chief Operating Officer, 2019–2021
- Group Chief Digital & Operating Officer, since 2022
Board of Directors mandates in Liechtensteinische Landesbank Group companies:
- Liechtensteinische Landesbank (Österreich) AG (Member)
Other functions:
- Member of the Board of Trustees of the “Future Foundation of Liechtensteinische Landesbank AG”
Urs Müller
Head of “Retail & Corporate Banking” division
1962, FL / CH
Joined the Group Executive Board:
2011
Education:
- Licentiate in law at the University of St. Gallen (HSG), 1993
Professional career:
- Auditor, Unterrheintal District Court and Associate Court Clerk, Oberrheintal District Court, 1993–1995
Liechtensteinische Landesbank:
- Head of “Retail & Corporate Banking” division, since 2016
- Vice Group Chief Executive Officer, 2012–2021
- Head of Institutional Clients division, 2012–2016
- Head of Domestic Market and Institutional Market divisions, 2011–2012
- Member of the Group Executive Board and the Board of Management, since 2011
- Head of Institutional Clients Business Unit, 2007–2011
- Head of Legal & Compliance, 1998–2006
- Legal counsel, 1995–1998
Board of Directors mandates in Liechtensteinische Landesbank Group companies:
- LLB (Switzerland) AG (Chairman)
- LLB Asset Management AG (Member)
Other functions:
- Member of the Board of Trustees of the “Future Foundation of Liechtensteinische Landesbank AG”
4.2 Other activities and commitments
With the exception of the mandates specified under 4.1, the members of the Group Executive Board are not involved in the management or supervisory boards of important Liechtenstein, Swiss or foreign private or public law corporations, establishments or foundations, nor do they exercise any permanent management or consultancy functions for important Liechtenstein, Swiss or foreign interest groups, nor do they perform official functions or hold political office.
4.3 Number of permitted activities
Liechtensteinische Landesbank AG is not subject to the Swiss ordinance against excessive compensation in listed public companies (OaEC). We have not issued any statutory rules on the number of permitted activities. These are governed in the Group regulation “Fit & Proper – Assessment of the members of the Board of Management, the Board of Directors and the holders of key functions”. Accordingly, the following upper limits for time-consuming professional commitments and parallel mandates must be observed:
- one mandate on a board of management with two mandates on a board of directors;
- four mandates on a board of directors;
- Board of management and board of directors mandates within the same group count as one mandate. Mandates as a representative of an EU or EEA member state are excluded.
- Exceptions may, with the approval of the FMA, be authorised by the Group Board of Directors.
4.4 Management contracts
Liechtensteinische Landesbank has not concluded any management contracts.