In the 2010 business year, the introduction of the new IT platform centred on the «Avaloq» core banking software is once again the focus of our attention. In addition, we want to accelerate the pace of our growth activities. In specifying priorities, we are supported by value-oriented management instruments.
Broadly supported business structure
As a leading universal bank, we offer comprehensive wealth management services. These encompass private and corporate client business, as well as private banking, asset management, fund services and trust services. In Liechtenstein we are represented at five locations (Vaduz, Balzers, Eschen, Schaan, Triesenberg), and in Switzerland we have over 23 business locations in the cantons of St. Gallen, Glarus, Schwyz and Zurich, as well as a branch office in Lugano. Furthermore, we have local business bases in Austria, the United Arab Emirates (Abu Dhabi and Dubai), on the Cayman Islands and in Hong Kong.
Operating income by business segments
2008–2009, in percent
The LLB Group is divided into three business segments:
- Domestic Market: contains the universal banking and private banking business in our two home markets of Liechtenstein and Switzerland. In 2009, this segment earned 36.8 percent of the operative income (previous year: 34.1 %) and managed 28.3 percent of client assets (previous year: 26.8 %). We want to extend our leading position in private and corporate client business, as well as in private financial planning. We also intend to further strengthen our private banking business.
- International Market: encompasses the LLB Group's international wealth management business. In 2009, this segment earned 36.2 percent of the operative income (previous year: 35.5 %) and managed 33.4 percent of client assets (previous year: 37.3 %). We aim to intensify our international activities and open up new markets.
- Institutional Market: comprises our institutional asset management and fund business, as well as financial intermediary business. In 2009, this segment earned 27.0 percent of the operative income (previous year: 30.4 %) and managed 38.3 percent of client assets (previous year: 35.9 %). By expanding our service offer, we intend to consolidate and extend our leading position in Liechtenstein.
The Corporate Center supports the client-oriented business divisions and Group companies in realising their strategies and activities.