Vaduz, 20 January 2025. The Board of Directors of Liechtensteinische Landesbank (LLB) has appointed Michael Hartmann as a new member of the Group Executive Board. The appointment is subject to approval by the competent supervisory authority. Hartmann will assume responsibility as Head of the Private and Corporate Banking Division, succeeding Urs Müller, who will conclude his active professional career at the end of March 2025 after 14 years on the Group Executive Board.

Michael Hartmann will take up his position on 1 July 2025. An experienced banker, Hartmann has a career spanning more than 35 years in the financial sector and an extensive network in the financial and real estate industries. He has proven expertise in developing and expanding new markets and teams. Hartmann began his career at Zürcher Kantonalbank in the private and corporate client business before gaining in-depth experience through various management roles in corporate banking. In 2012, he joined MoneyPark – a FINMA-accredited financial services provider specialising in mortgages, pensions, and collective investments – as a member of the founding team. Since 2020, he has been leading the private banking market area for the Zurich West region at Zürcher Kantonalbank.

As new Head of the Private and Corporate Banking Division, Michael Hartmann will have groupwide responsibility for corporate and direct client business, private banking in Liechtenstein, Switzerland, and Germany, as well as Group Investment Advisory and Group Business and Sales Management.

Urs Müller will conclude his active professional career on 31 March 2025 after 30 years with the LLB Group, including 14 years as a member of the Group Executive Board. Georg Wohlwend, Chairman of the Group Board of Directors, paid tribute to Urs Müller's achievements: "The Group Board of Directors sincerely thanks Urs for his outstanding dedication to the LLB Group. As a member of the Group Executive Board and Board of Management, he has played a key role in the highly successful development of the LLB Group for more than a decade. We would already like to wish him all the best for the next stage of his life." Gabriel Brenna, Group CEO, also expressed his personal appreciation: "Since joining the LLB Group in 2012, I have greatly valued Urs Müller's constructive, reliable, and goal-oriented approach. With his profound expertise, loyalty to the LLB Group, and embodiment of the LLB values, he has made a significant contribution to the Group's success. His impact is particularly evident in the successful expansion of the corporate client business in Liechtenstein and Switzerland, as well as in the Group's growth initiatives in Switzerland and Germany. On behalf of my colleagues on the Group Executive Board, I would like to extend my heartfelt thanks to Urs for everything he has contributed to the LLB Group and for our wonderful time together at the bank."

Until Hartmann's arrival, Group CEO Gabriel Brenna will assume leadership of the Private and Corporate Banking Division on an interim basis to ensure a smooth transition. This will guarantee continuity in the division's management.

Gabriel Brenna commented on the appointment: "I am delighted to welcome Michael Hartmann as a new member of our Group Executive Board. With Michael, we are gaining a highly experienced leader with extensive expertise in private and corporate client business as well as in private banking. I am confident that he is an excellent fit for our corporate culture and our team."

"I would like to thank the Group Board of Directors for the trust they are placing in me," Michael Hartmann says. "With my many years of experience in the financial sector, I am well acquainted with the specific needs and challenges of private and corporate clients. My goal is to support our clients in achieving their individual goals through a collaborative partnership."

Michael Hartmann's photos are available for download from our website.  

Important dates

• Friday, 21 February 2025 – Publication of the annual results for 2024
• Wednesday, 16 April 2025 – 33^rd General Meeting of Shareholders

Brief portrait

Liechtensteinische Landesbank AG (LLB) is the longest-established financial institute in the Principality of Liechtenstein. The majority shareholder is the Principality of Liechtenstein. The shares are listed on SIX Swiss Exchange (symbol: LLBN). The LLB Group offers its clients comprehensive wealth management services: as a full-service bank as well as in private banking, asset management and fund services. With 1,261 employees (in full-time positions), the Group is represented in Liechtenstein, Switzerland, Austria, Germany and the United Arab Emirates. As at 30 June 2024, the business volume of the LLB Group was CHF 109.9 billion.

Contact
Liechtensteinische Landesbank AG
Cyrill Sele, Head Group Corporate Communications & Sustainability
T +423 236 82 09 |   communications@llb.li | llb.li