AGP Executive Report
Last update: 3 hours agoBanking Results: Liechtensteinische Landesbank (LLB) lifted first-half 2026 profit 15.3% to SFr105.0m, helped by higher operating income and lower expenses, while client assets under management hit a record SFr115bn and net new money rose to SFr2.2bn. Sanctions Alignment: The EU welcomed eight non-EU countries—including Liechtenstein—agreeing to align with new restrictive measures against Belarus, expanding curbs on military-linked goods, technology and crypto-asset activity. Cyber & Privacy: France’s tax authority (DGFiP) disclosed a breach affecting 678,000 people and businesses after attackers used stolen credentials to access sensitive tax data, raising fresh privacy and fraud risks. Wealth & Appointments: LGT Wealth India named Harsh Agarwal as Chief Investment Officer for equities, while VP Bank Singapore appointed Vincent Koo as Chief Risk Officer. Trade Policy: The US announced Section 232 tariffs on imported drones and components, with duties up to 100% for sensitive categories; qualifying allied markets including Liechtenstein face lower rates. Royal/Finance Links: Pope Leo XIV appointed Liechtenstein Princess Gisela Bergmann to the Vatican’s Council for the Economy, adding a finance and engineering background to oversight of Vatican finances.
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