With Liechtensteinische Landesbank (LLB), another long-established financial institution in the fund business is relying on the software and Software as a Service solutions provided by Zurich-based Profidata.

In recent years, LLB has grown strongly not only at its home location in Vaduz, but also in Austria and Switzerland through strategic acquisitions. In order to continue to meet the complex requirements of the market and supervisory authorities in the area of fund management and administration in the future and to adequately meet customer needs, LLB decided in spring 2021 to introduce the integrated investment management system XENTIS from the Swiss company Profidata, which has been used successfully at LLB Swiss Investment AG since 2016, as the new technical platform for the fund business throughout the group. The first step was the introduction in Austria.

Group CDO Dr Patrick Fürer highlights the advantages of using the platform across countries for LLB's new fund powerhouse: "The standardisation of processes, the use of a uniform infrastructure across countries and the outsourcing of hosting and operations to Profidata not only result in efficiency gains for the LLB Group, but also significantly lower costs for hardware, interfaces and data management. Furthermore, thanks to our long-standing partnership with Profidata, the XENTIS expertise already available at LLB Swiss Investment means that we have low training costs at group level."

When asked about the decision to choose Profidata, Mag. iur. Natalie Flatz, responsible for International Wealth Management at the LLB Group and Chairwoman of the Supervisory Board of LLB Austria, added: "In Profidata, we have found a reliable provider whose specialised XENTIS software will enable us to further expand our position as a leading asset management bank, a unique fund powerhouse and a reliable partner in institutional business in the coming years."

Roger Wildi, CEO of Profidata AG, is delighted that the successful implementation of XENTIS at LLB has further consolidated Profidata's position as a leading provider of software and SaaS solutions for the investment, custodian and depository banking business in German-speaking countries: "With XENTIS, whether on-premise or in the cloud, we now offer more than 40 customers the ability to manage assets of more than 1.5 trillion euros, evaluate more than 6,000 funds and manage over 30,000 mandates. This not only fills us with pride, but also goes hand in hand with our clear commitment to continue investing in this area. Our clear objective is to continue to provide our customers with not only simplification, but also highly efficient, secure and user-friendly automation of the entire investment management process."

LLB Group
Liechtensteinische Landesbank AG (LLB) is the most traditional financial institution in the Principality of Liechtenstein. The majority shareholder is the Principality of Liechtenstein. The shares are listed on the SIX (symbol: LLBN). The LLB Group offers its clients comprehensive wealth management services as a universal bank, in private banking, asset management and fund services. With 1,168 employees (full-time positions), it is present in Liechtenstein, Switzerland, Austria and the United Arab Emirates (Abu Dhabi and Dubai). As at 30 June 2023, the LLB Group's business volume amounted to CHF 102.3 billion.

More information at: www.llb.li

Profidata Group

Founded in Switzerland in 1985, the Profidata Group offers standard software solutions for investment and wealth management. This offering is complemented by a rapidly growing, broad range of services in the areas of software as a service, consulting, implementation, training and support. Profidata is headquartered in Zurich. The company has offices and representatives in Frankfurt am Main, Saarbrücken, Luxembourg, London and Singapore.

Questions regarding this press release will be answered by

Dr Frank Jenner
Management

Profidata AG
Bändliweg 30
8048 Zurich
Switzerland
+41 44 736 47 47
frank.jenner@profidata.com
www.profidata.com