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The Swiss subsidiary of Liechtenstein-headquartered private banking group,LGT , has appointed Heinrich Henckel as its chief executive designate. Henckel will take over from Hans Roth, who has headed LGT Bank (Switzerland) since 2004, on 1 April.

Henckel joined LGT’s Swiss operation in the spring of 2009. As a member of the executive board, he is responsible for LGT locations in Switzerland and clients from western Europe. Before joining LGT, he worked for the Swiss Stock Exchange in Zurich and London, and was its CEO from 2001 to 2008. He had previously worked as an attorney in Hong Kong, Indonesia and Switzerland.

“[Henckel’s] appointment underlines the value we place on the continuity of leadership and on the long-term, consistent implementation of our strategy,” Thomas Piske, chairman of the board of directors and CEO private banking of the LGT Group, said in a statement.

Outgoing CEO Roth will continue as a member of the board of directors. There are also two new board members: Florian Dürselen and Hanspeter Oes. Dürselen, who previously headed the international private banking business of LGT in Vaduz, will be responsible for the Italy, international and Germany business sectors of LGT Bank (Switzerland). Oes joins LGT from Bank Sal Oppenheim (Switzerland). He will assume the role of chief operating officer.

In other news, LGT recently opened its first office in Dubai. The group has established a subsidiary, LGT (Middle East), which will serve clients from its offices in Dubai, Bahrain, Geneva and Zurich.

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