LLB signs referral agreement with Rothschild & Co Bank AG for Middle East

Vaduz, 2 September 2025. Liechtensteinische Landesbank AG (LLB) has entered into an agreement with Rothschild & Co Bank AG for the referral of private banking clients in Dubai and Abu Dhabi. LLB is withdrawing from its business locations there.

Liechtensteinische Landesbank AG has operated in the Middle East for 20 years. After an in-depth analysis, it has decided to withdraw from its two business locations in Dubai and Abu Dhabi. Christoph Reich, interim Group CEO, explains the decision as follows: "We successfully expanded our presence in the Middle East in recent years with commitment and passion. For strategic reasons, we will focus on supporting our international clients in future at our business locations in Liechtenstein, Switzerland, Austria and Germany. We have therefore decided to offer our clients and employees in the Middle East new growth opportunities on a sustained basis through an outstanding partner. International private banking business is and remains an important strategic pillar for the LLB Group."

Referral agreement with Rothschild & Co Bank AG
Liechtensteinische Landesbank will recommend Rothschild & Co Bank AG as a future partner to clients in the United Arab Emirates. With over 200 years of experience, Rothschild & Co is one of the most established independent financial services groups in the world. The Swiss unit was founded in 1968 and has since offered comprehensive wealth and asset management services. Since 2024, the Bank has also maintained a location in Dubai, servicing clients in the Middle East from there in close collaboration with the local Global Advisory presence, which was established in 2008.

"We greatly appreciate the excellent work that our teams in Dubai and Abu Dhabi have done in recent years. We would also like to thank our long-standing clients for the trust they place in us. We are pleased to be able to offer them and our employees an excellent partner for their future in Rothschild & Co," emphasises Natalie Flatz, Head of the International Wealth Management division at the LLB Group.

Terms of the agreement
Private banking clients will be referred under a referral deal. The referral potential amounts to approximately CHF 1 billion, which is less than 1 per cent of the LLB Group’s business volume of CHF 117.2 billion. Both parties have agreed not to disclose the referral price.

Important dates

• Friday, 20 February 2026 – Publication of the annual results for 2025
• Friday, 17 April 2026 – 34^th 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 1'353 employees (in full-time positions), the Group is represented in Liechtenstein, Switzerland, Austria, Germany and the United Arab Emirates. As at 30 June 2025, the business volume of the LLB Group was CHF 117.2 billion.

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