The long-standing CEO of Liechtensteinische Landesbank is jumping to rival LGT, where he will run its private bank in the principality.
The Vaduz-based bank is appointing Roland Matt as CEO for LGT Bank Ltd., which is its bank in Liechtenstein, from next January, it said in a statement. Matt has run rival LLB for the last 12 years. At LGT, he replaces Roland Schubert, who joins the entity's board.
LGT Bank, which didn't disclose a reason for the change, is part of the wider private banking group of LGT, where CEO Olivier de Perregaux took over this month. Matt, a 51-year-old Liechtenstein native, will also join the senior management board of LGT private banking.
Matt's appointment comes shortly after the bank he currently runs, Liechtensteinische Landesbank, reinstated its chairman after an investigation into his alleged insider trading was dropped, as finews.com reported last month.
