LGT’s Asia head of IT, who stepped into the role nearly two years ago, has decided to relocate back to Europe, Asian Private Banker has learnt.
Markus Weidmann is moving to Europe and will transition out of his current role as head of IT for LGT’s operations in Asia. Asian Private Banker understands that Weidmann will stay with the bank but will assume a new position, and that LGT will replace Weidmann with a new hire in Hong Kong.
A spokesperson for the bank declined to comment on the changes.
Weidmann first stepped into the then new role of IT head for Asia in September 2015. Based in Hong Kong, he has been tasked with overseeing the lender’s IT operations and processes in the region. This included working with Avaloq to roll out LGT’s SmartBanking programme, aimed at making digital initiatives more accessible to RMs.
Weidmann currently reports directly to LGT’s Asia CEO, Henri Leimer.
Prior to this role, Weidmann was an account manager for LGT based in Bendern, Liechtenstein, for more than a year.
LGT, which recently completed its acquisition of ABN AMRO’s private banking units in Hong Kong, Singapore and the Middle East, launched a client-facing app on 1 May.
The app, which is being rolled out in Asia first and which is the result of a three-year partnership with Avaloq, will enable clients to view and analyse their portfolios and see their transaction histories, among other functionalities.