Liechtensteinische Landesbank AG (LLB) has extended its coverage with Thomas Murray to monitor several additional global custodian banks. Thomas Murray has supported LLB’s well-established risk management and compliance functions since 2015, helping the bank monitor the markets and counterparties which hold and service its clients’ assets on a daily basis.
LLB was founded in 1861 and delivers private, institutional and electronic banking services from its headquarters in Vaduz, Liechtenstein, and its operations in Austria and Switzerland to a wide range of clients. The bank employs Thomas Murray’s expertise to help manage its post-trade risk globally, including risk analyses of its central securities depositories and asset safety risk assessments of its clients’ invested markets. In addition, Thomas Murray monitors the sub-custodian banks, global custodians and transfer agents which service and safekeep LLB’s clients’ assets, drawing on the firm’s unique expertise and data on these complex financial counterparties.
David Dickinson, Global Head of Client Relations said:
The Liechtensteinische Landesbank AG is one of the largest financial services providers in Liechtenstein. I am pleased LLB continues to endorse Thomas Murray to support its global compliance efforts and am confident that the bank will find extraordinary value in our data and analysis.”
Marc Gehrig, Head of Securities Operations at LLB, said:
Thanks to the professional services provided by Thomas Murray we are able to execute our monitoring liabilities in the most efficient way and to provide our clients the highest possible protection of their assets held in custody within LLB Group."