The Liechtenstein-based bank's Swiss arm has made a raft of C-suite changes to its executive board as it adjusts its governance structure to strengthen its private banking business in Switzerland.

LGT Bank Switzerlan has appointed Bruno Piller, an executive board member, as head private banking, and Anna de Veer, in her role as head of compliance, as chief risk officer on its executive board, along with other C-suite changes.

Piller, who will assume responsibility for the bank’s private banking business from next spring, has been with the bank since its foundation in 2004, initially as head of the Berne/Mittelland region and since 2014 as a member of its executive board and head private banking Switzerland onshore. He is a federally-certified banking expert and a graduate of the Swiss Banking School; he has also studied at Insead in Fontainebleau and Singapore.

“As an experienced banking expert, Bruno Piller knows the client business of LGT Bank Switzerland very well. He has made an important contribution to the successful development of the private client business over the years. We are convinced that with his experience, he will further strengthen our private banking business in Switzerland and abroad,” Heinrich Henckel, the bank’s chief executive, said.

De Veer joined the bank in November 2019 and has been responsible for compliance since January 2020. She served in various management roles in compliance and risk at a major Swiss bank for over 12 years before joining LGT.

“In her career to date, Anna de Veer has built up comprehensive expertise in risk and compliance, in an area that has become increasingly important in recent years, which she will bring to the executive board,” Henckel said.

The appointments, subject to regulatory approvals, will see the bank’s executive board comprise Henckel as CEO, Piller as head private banking, Wolfgang Tracht as chief operating officer and de Veer as chief risk officer.

The C-suite changes at the bank also see Rémy de Bruyn, a member of LGT Bank Switzerland’s executive board for 13 years, stepping down. As head private banking international, he has been responsible for the bank’s business in central and eastern Europe, southern Europe, Latin America and Middle East regions. Although stepping down from operational responsibilities, de Bruyn will remain available to the bank in an advisory capacity.

“Rémy de Bruyn has played a key role in the successful development and expansion of LGT Bank Switzerland since 2008. We are very pleased that he will continue to support us in strategic matters with his wealth of private banking experience. His excellent network and entrepreneurial spirit are extremely valuable to us,” Henckel said.

Florian Dürselen, the bank’s head private banking Europe, will also take on a new position as head private banking of LGT Bank in Liechtenstein, subject to regulatory authorities, and will join the executive board of LGT Bank from the second quarter of 2022. Before moving to Switzerland, he was a member of the executive board in Liechtenstein between 2010 and 2013. 

“Florian Dürselen has been responsible for the European market as a member of the executive board since 2013 and, in this role, has made an important contribution to aligning LGT Bank Switzerland with the changed framework conditions in the European markets and in optimally positioning the bank,” Henckel said.

Dürselen will focus on international growth projects, which will be managed from the EEA in the future, and will boost the expansion of the core markets of Liechtenstein, Switzerland, Germany and Austria, and further develop the bank’s European business managed from Liechtenstein, the bank said.

The private banking and asset management group has been controlled by the Liechtenstein princely family for over 90 years. The bank’s managed assets stood at SFr275.0 billion ($297.4 billion) as of June 2021, and it employs 3900 people across 20 locations in Europe, Asia, the Americas and the Middle East.