LGT, the international private banking and asset management group owned by the Liechtenstein Princely family, has extended its use of the Avaloq Banking Suite to its Austrian branch.

The firm already uses Avaloq in Liechtenstein, Switzerland, Singapore and Hong Kong and the addition of Austria means all of the group's core strategic markets now use the same banking system. 

The solution addresses Austrian specific market needs, such as the local tax system and financial regulations, which the firm hopes means that the bank’s advisers will automatically meet regulatory requirements. 

This is the fir...