{"id":107142,"date":"2025-09-03T00:00:00","date_gmt":"2025-09-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/liechtensteinische-landesbank-exits-uae-while-rothschild-steps-in\/"},"modified":"2025-09-03T00:00:00","modified_gmt":"2025-09-03T00:00:00","slug":"liechtensteinische-landesbank-exits-uae-while-rothschild-steps-in","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/09\/03\/liechtensteinische-landesbank-exits-uae-while-rothschild-steps-in\/","title":{"rendered":"Liechtensteinische Landesbank exits UAE, while Rothschild steps in"},"content":{"rendered":"

Rothschild expands in the UAE:<\/strong> Alternative assets investor Rothschild and Co is stepping up its operations in the UAE after taking control of Liechtensteinische Landesbank\u2019s (LLB) private banking clients in the country, the Liechtenstein lender said in a statement<\/a>. The move marks LLB\u2019s exit from the country and the end of its 20-year presence in the Middle East as it shifts its focus to core European markets.<\/p>\n

What Rothschild and Co is getting: <\/strong>The firm expects to take on LLB\u2019s 20 employees as well as its Dubai office. Following the integration, Rothschild and Co\u2019s Middle East wealth management team will have about 25 employees, led by Sascha Benz (<\/span>LinkedIn<\/a>), head of wealth management for the region, according to a separate <\/span>statement<\/a> from Rothschild. The agreement could see as much as CHF 1 bn (USD 1.3 bn) transferred in assets \u2014 still less than 1% of LLB\u2019s CHF 117.2 bn group business volume \u2014 and will see LLB recommend Rothschild and Co to its UAE clients.<\/span><\/p>\n

Behind LLB\u2019s exit:<\/strong> The bank is refocusing on international clients from its bases in Liechtenstein, Switzerland, Austria, and Germany. \u201cFor strategic reasons, we will focus on supporting our international clients in future,\u201d interim CEO Christoph Reich said, adding that the firm had \"successfully expanded [its] presence in the Middle East.\u201d LLB is majority-owned by the Principality of Liechtenstein and listed on SIX Swiss Exchange.<\/p>\n

REMEMBER- <\/strong>Rothschild and Co launched its Dubai wealth management business in November 2024<\/a> with just three staff, though it has been active in the region through its advisory arm since 2008. The LLB transaction gives its local platform \u201ca real boost,\u201d significantly expanding its capabilities to cater to local clients.<\/p>\n

Rothschild\u2019s take: <\/strong>\u201cThe onboarding of LLB's business in the UAE is an excellent fit and further supports our strategy across one of our key global business pillars and fastest growing regions. This represents our high conviction in the UAE\u2019s potential, given the increasing concentration of both regional and global wealth here,\u201d Executive Chairman Alexandre de Rothschild said.<\/p>\n

The story got ink in the foreign press: <\/strong>Bloomberg<\/a> | Reuters<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

The agreement transfers about CHF 1 bn (USD 1.3 bn) in assets and some 20 staff to Rothschild and Co<\/p>\n","protected":false},"author":1,"featured_media":107143,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1691],"tags":[1360,87,7,1393],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-107142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-abu-dhabi","tag-dubai","tag-enterpriseam-uae","tag-finance","wpautop","entry"],"acf":{"mongo_id":"1a9c496f-ef0c-4178-a440-d1a70d22c10f","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/9\/174.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Rothschild expands in the UAE after taking on Liechtensteinische Landesbank\u2019s clients","related_issue":[107135],"teaser":"The agreement transfers about CHF 1 bn (USD 1.3 bn) in assets and some 20 staff to Rothschild and Co","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.715c5d79-2f36-4fba-a50a-09015ff33b29.mp3"},"yoast_head":"\nLiechtensteinische Landesbank exits UAE, while Rothschild steps in - 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