International group LGT Private Banking is launching a digital development hub in Barcelona, where it will develop and implement new products and services.
The hub is part of LGT’s innovation strategy, which foresees an investment of CHF200m (£180m, $223m, €204m) in digitalisation over the next five years.
LGT will create this hub in close collaboration with GFT, a global digital transformation adviser.
In around two years, when the centre is fully operational, LGT teams consisting of over 40 employees will operate independently from GFT. The hub will enable LGT’s staff define innovative methods and approaches to implementing new technologies.
Olivier de Perregaux, chief executive of LGT Private Banking, said: “Our strong client base and highly motivated colleagues provide a solid foundation for accelerating our digitalisation efforts in the Barcelona hub. We believe that partnering with GFT to create a development hub is the best way to drive digital acceleration. We want the hub to be a place where experts work specifically on further digitalising the bank and providing first-class experiences for our clients.”
