News Date: 
Mon, 01/15/2007

Press Centre

15 January 2007

Prince of Liechtenstein visits DIFC

Ruling Prince of Liechtenstein, His Serene Highness Hans-Adam II, visited the Dubai International Financial Centre (DIFC) today and was received by Nasser Alshaali, Chief Executive Officer of the DIFC Authority.

His Serene Highness Hans-Adam II was accompanied by a 17 member delegation, including: His Serene Highness Alois, Hereditary Prince of Liechtenstein; His Serene Highness Prince Philipp of Liechtenstein, Chairman LGT Group Foundation Board; His Serene Highness Prince Max of Liechtenstein, CEO LGT Group and H.E. Mr. Ghayth Armanazi, LGT Advisory Board Middle East.

The purpose of the visit was to discuss the development of relations between the DIFC and the Principality of Liechtenstein, and particularly with LGT, the wealth management experts of the Princely House of Liechstenstein.

Located in the heart of Europe, Liechtenstein has a population of 34,900 and is a member of the European Economic Area (EEA), enjoying free movement of services within the EU as well as economic, customs and monetary union with Switzerland. Key export countries include the USA , Switzerland, Germany, France, Italy, Hong Kong, Japan and Spain. Liechtenstein is a major banking and financial centre in Europe, with a b alance sheet total of 38,2 Mia. CHF and total assets under administration of 126,8 Mia. CHF . It also off ers liberal economic policies, an efficient banking system and strict banking secrecy.

LGT, the wealth management experts of the Princely House of Liechstenstein, offers private and institutional clients a broad spectrum of wealth management services in four core competencies: private banking; trust services; asset management and alternative investments. It is also a major financial investor with the Princely Portfolio.

Nasser Alshaali, Chief Executive Officer of the DIFC Authority, said: “We welcome His Serene Highness Hans-Adam II and his delegation to the DIFC and we look forward to a prosperous relationship between the DIFC and both the Principality of Liechtenstein and LGT. There are extensive business opportunities for these two major financial centres and we are keen to discuss these in further depth for the benefit of both Liechtenstein and Dubai.”

348.JPG