LGT Private Banking announced it will open offices in Düsseldorf and Cologne in January 2024 to expand its offering in Germany.
This is following the opening of its first private banking office in Hamburg last year.
The offices will be managed by Jens Ennenbach and Matthias Wesseling, and will start with a team of 15 employees.
Florian Dürselen, member of the executive board of LGT Bank. said: “We are very pleased that we have been able to attract qualified and committed relationship managers for the development of this important region.
“Their many years of experience provide an excellent basis for our future growth. The successful launch of our office in Hamburg has shown that the private banking market in Germany holds great potential for us.”
The German subsidiary of LGT Bank with offices in North Rhine-Westphalia and Hamburg is headed by Florian Dürselen, member of the executive board and head of private banking at LGT Bank.
Andreas Loretz, the long-standing market head of Germany and Austria at LGT Bank, is responsible for the operational management of the client business. The German subsidiary of LGT Bank is headquartered in Munich, where LGT also intends to strengthen its presence.
