René Zwicky to become new CEO of LLB Schweiz
Vaduz, 26. September 2023. The Board of Directors of LLB (Schweiz) AG (formerly Bank Linth LLB AG) has appointed René Zwicky as Chairman of the Board of Management. He will take up his position on 3 January 2024. Zwicky succeeds David Sarasin, who has asked to leave LLB Schweiz at the end of this year.
René Zwicky, who is originally from Glarus in Switzerland, thus completes the three-man Board of Management at LLB Schweiz, where he will join Martin Kaindl (CFO) and Manfred Pfammatter (Head of Corporate and Direct Client Business). In addition to his position as CEO, he will also assume responsibility for markets, focussing on the further development of private banking and the bank’s business dealings with external asset managers.
René Zwicky was born in 1979 and has over 28 years of professional experience. He has continually deepened his expertise working in various different roles and departments at UBS. He possesses in-depth knowledge of private banking and has many years of management experience. Zwicky currently works as a Managing Director in Wealth Management at UBS. He has an excellent network and is very familiar with Switzerland’s financial sector. Zwicky is a Swiss citizen, and lives in the canton of Schwyz.
Outlining the reasons behind the appointment, Urs Müller, Chairman of LLB’s Board of Directors, commented: "We are very pleased to have recruited the ideal CEO in René Zwicky. He brings both leadership experience and decision-making qualities to the table. We are confident that the appointment of René Zwicky will allow us to achieve our ambitions for growth in the Swiss market."
René Zwicky thanked the Board of Directors for the trust it had placed in him, and was evidently looking forward to his new role: "I am very much looking forward to working together with the Board of Directors, my Board of Management colleagues and all employees to advance LLB Schweiz, and to helping our clients achieve their goals," he said.
he Board of Directors of LLB (Schweiz) AG and the Group Executive Management of LLB would like to express their heartfelt thanks and appreciation to departing CEO David Sarasin for his dedication, as well as for ensuring continuity up until the end of 2023. As Chairman of the Board of Directors Urs Müller was keen to stress: "David Sarasin has transformed Bank Linth into a modern and successful retail bank and further strengthened the cooperation with the LLB Group. We wish him every success in his professional and private life."
The appointment of Sarasin's successor as CEO is subject to the approval of the competent supervisory authorities.
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 1'168 employees (full-time equivalent positions), LLB is represented in Liechtenstein, Switzerland, Austria and the United Arab Emirates. As per 30 June 2023, the business volume of the LLB Group stood at CHF 102.3 billion.
- 26 February 2024, presentation of the 2023 business result
- 19 April 2024, 32nd ordinary General Meeting of Shareholders
Liechtensteinische Landesbank AG
Dr. Cyrill Sele
Head of Group Corporate Communications & Sustainability
Telephone +423 236 80 99