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Heinrich Henckel to become the new CEO of LGT Bank (Switzerland) Ltd.

February 26, 2013

The Board of Directors of LGT Bank (Switzerland) Ltd. has appointed Heinrich Henckel as the Chief Executive Officer designate of LGT Bank (Switzerland) Ltd. On April 1, 2013, he will succeed Hans Roth, who has headed LGT Bank (Switzerland) Ltd. since 2004.

Thomas Piske, Chairman of the Board of Directors and CEO Private Banking of the LGT Group, comments: "In selecting Heinrich Henckel, the Board of Directors has clearly appointed a highly qualified internal candidate with deep expertise and extensive international experience. His appointment underlines the value we place on the continuity of leadership and on the long-term, consistent implementation of our strategy. With this decision, we have established a good foundation for the future success of the bank."

Heinrich Henckel studied law at the University of Freiburg and also received his doctorate there. After working as an attorney for many years in Hong Kong, Indonesia and Switzerland, he worked for the Swiss Stock Exchange in Zurich and London, acting as its CEO from 2001 to 2008. Heinrich Henckel joined LGT in spring 2009. As a member of the Executive Board, he has the responsibility for LGT locations in Switzerland and clients from Western Europe.

Having headed LGT Bank (Switzerland) Ltd. since 2004, Hans Roth will, after the change in leadership, concentrate on his function as a member of the Board of Directors. Thomas Piske adds: "I am pleased that we will still be able to draw on Hans Roth's experience. Under his leadership, LGT Bank (Switzerland) Ltd. has developed into one of the top addresses for asset management. During the course of working together, I have come to know and appreciate his professional and human qualities."

Florian Dürselen and Hanspeter Oes will join the Executive Board of LGT Bank (Switzerland) Ltd. as new members. Florian Dürselen, who until now has headed the international private banking business of LGT Bank Ltd. in Vaduz, will in future be responsible for the business sectors Italy, International and Germany of LGT Bank (Switzerland) Ltd. Hanspeter Oes joins LGT from Bank Sal. Oppenheim (Switzerland). He will assume the function of Chief Operating Officer. Rémy de Bruyn will remain responsible on the Executive Board of LGT Bank (Switzerland) Ltd. for international private banking in Central and Eastern Europe, Southern Europe, Latin America and the Middle East.