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Liechtensteinische Landesbank / LLB / Key word(s): Personnel
Group CEO of the LLB Group accepts new professional challenge
11-Jun-2025 / 06:30 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
Vaduz, 11 June 2025. Group CEO Gabriel Brenna has decided to take on a new professional challenge and leave the LLB Group. Christoph Reich, Deputy Group CEO and Group CFO, is leading the LLB Group on an interim basis.
Gabriel Brenna has informed the Board of Directors of Liechtensteinische Landesbank AG (LLB) of his decision to take on a new professional challenge. He joined LLB as a member of the Group Executive Board in October 2012. Until February 2021, he headed the Private Banking division. As of 1 March 2021, he was appointed as the Group Chief Executive Officer and Chairman of the Group Executive Board of the LLB Group.
Since joining, Gabriel Brenna has played a crucial role in the highly successful development of the LLB Group. The LLB Group is strategically well-positioned and operationally successful. It is now around twice as large and three times as profitable as it was in 2013. Business volume has increased from CHF 59 billion in 2013 to CHF 113.5 billion in 2024. Net profit grew in the same period from CHF 54 million to CHF 167.2 million.
Georg Wohlwend, Chairman of the Board of Directors, pays tribute to Gabriel Brenna's achievements: "Gabriel Brenna has shaped the two successful strategies Focus 2015 and StepUp2020 with his conceptual and analytical strengths as well as his strong client focus. Under his leadership as Group CEO, the current ACT-26 strategy was launched on 1 January 2022. Its implementation is fully on track. In the more than ten years that he has worked for the LLB Group, our organisation has developed continuously and successfully, and has enjoyed sustainable growth both organically and through acquisitions. Further milestones include the rebranding of the LLB Group and LLB's recognition with the Swiss Employer Award. Gabriel has also further developed our values-based corporate culture and advanced the LLB Group's digitalisation initiatives, particularly with willbe. On behalf of the Group Board of Directors, I would like to sincerely thank Gabriel for his great commitment to the LLB Group. We have always greatly appreciated working and dialoguing with him. We very much regret his departure and wish him all the best for his future."
Christoph Reich will assume the role of interim Group CEO with immediate effect. He has been Group CFO of the LLB Group and a member of the Group Executive Board since 2012. He has also been Deputy Group CEO since 2022. The recruitment process to appoint a successor has been initiated.
Important dates
- Wednesday, 20 August 2025, Publication of the semi-annual results for 2025
- Friday, 17 April 2026, 34th General Meeting of Shareholders
Brief portrait
Liechtensteinische Landesbank AG (LLB) is the longest established financial institute in the Principality of Liechtenstein. The majority of the company’s share capital is held by the Principality of Liechtenstein. LLB’s shares are listed on the SIX Swiss Exchange (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 1'286 employees (full-time equivalent positions), LLB is represented in Liechtenstein, Switzerland, Austria, Germany and the United Arab Emirates. As per 31 December 2024, the business volume of the LLB Group stood at CHF 113.5 billion.
Contact
Liechtensteinische Landesbank AG
Cyrill Sele, Head Group Corporate Communications
Telephone +423 236 82 09 | communications@llb.li | llb.li
End of Inside Information
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