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Norbert Biedermann, CEO of LGT Bank Ltd. since 2011, will retire at the end of June 2017. The Board of Directors of LGT Bank Ltd. has elected Roland Schubert as the new CEO.
"Norbert Biedermann has been at LGT for over 40 years. Only very few employees know our company and its procedures, pro-cesses and the inner workings of LGT and the financial sector as well as he does", says Thomas Piske, CEO LGT Private Banking and Chairman of the Board of Directors of LGT Bank Ltd. In 1974, after completing his banking apprenticeship, Norbert Biedermann joined LGT Bank in Liechtenstein, where he worked in a broad range of departments – including in accounting, internal audit, foreign exchange and money market trading as well as investment advisory – for the next 25 years. In 2001, he was appointed a member of the Executive Board and in October 2008, became Deputy CEO. In 2011, Norbert Biedermann assumed overall responsibility for LGT Bank Ltd. when he became CEO.
"Norbert Biedermann has made an important contribution to shaping LGT’s development over the last few decades. Under his leadership, LGT not only successfully mastered the transformation process in the banking and financial sector, but developed into an internationally recognized provider of private banking services. Norbert Biedermann is handing LGT Bank in Liechtenstein over in excellent condition and we thank him for his longstanding, untiring commitment and extraordinary dedication", says Thomas Piske. Norbert Biedermann will retire on 30 June 2017.
The Board of Directors of LGT Bank Ltd. has elected Roland Schubert as the future CEO of LGT Bank Ltd. Roland Schubert studied business administration and economics at the University of Paderborn. His career in private banking spans over 25 years and he has worked for a number of different private banks. Roland Schubert transferred to LGT in 2002, where he built up the private banking business in Germany and its seven German locations. As CEO of LGT Bank Deutschland & Co. OHG, he was directly responsible for the client business, the products and services offering and the Marketing, HR and Controlling departments.
In 2011, during the course of the sale of LGT Bank Deutschland, Roland Schubert moved to Bethmann Bank Ltd., where he joined the Board of Directors. Following this, he returned to LGT Bank Ltd. in Liechtenstein in 2013, where he has since served as a member of the Executive Board responsible for the direct clients business. "With the election of Roland Schubert, the Board of Directors has chosen a highly-qualified internal candidate with strong expertise in Private Banking who has for many years held a management position at LGT. This internal solution for succession underscores the importance that we attribute to continuity in management. We are convinced that this decision will set the course for the further successful development of LGT Bank Ltd." As CEO, Roland Schubert will continue to be responsible for the direct clients business.
Mark Steiner will join the Executive Board of LGT Bank Ltd. as a new member per 1. July 2017, subject to approval of the authorities. To date, he has led the PB Operations, Projects and Master Data departments, and will continue to be responsible for these areas. Ivo Klein and Markus Werner will remain on the Executive Board. Ivo Klein will focus on Corporate Governance topics and the branches of LGT Bank Ltd. Markus Werner will remain responsible for managing and expanding the business with intermediaries.