LGT is the world’s largest, family-owned private banking and asset management group. The family of the Princely House of Liechtenstein has managed and led the LGT Group for over 80 years – a business constellation unique even among private banks. As the Family Office of the Princely House of Lichtenstein, LGT has extensive experience in the structuring and management of sizeable family assets. Based upon this expertise, LGT develops and implements solutions for wealth management. As per year end 2013, the LGT Group manages assets of CHF 110.7 billion, and employs about 1900 staff members in over 20 locations around the world.
Sixty-five employees work in two shifts at the trading center in Bendern, Liechtenstein. From there, trading specialists observe the financial markets, buy and sell the full range of trading portfolios such as stocks, bonds, derivatives, structured products, funds, currencies, etc. Working on a trading floor is a challenging job that demands a maximum of concentration and attention to detail. For this reason, LGT decided to completely refurbish the Financial Service Center, first built in 1996, and create a new fully integrated spatial concept.
A future-oriented Trading & Treasury workplace is comprised of new and modern IT infrastructure. Previously, LGT worked with a WEYTEC video switch based on RGB technology. The system had been successfully in operation for more than 13 years. Professional and continuous customer support and maintenance from WEYTEC rendered the longevity and high-availability service possible.
In addition to the trading center in Bendern, which consists of 54 trader desks, LGT also maintains a backup trading floor with 15 trader desks at another site. This ensures that in an emergency situation, such as a fire alarm or the outbreak of fire, power loss, flooding, etc., a designated team can assume the working duties in a very short period of time. Thus LGT is prepared to continue participating in the financial markets and remain productive throughout exceptional situations. However, the database for the old backup trading floor had to be updated regularly in a manual and time consuming procedure. This was something the bank wanted to change in the new backup trading floor concept.
After an evaluation phase, WEY Technology AG was awarded the contract for a modern solution which, according to Louis Zumerle, Head Trading Business Management, “was the only design able to meet the requirements for a full free seating concept and a backup trading floor to the extent that was demanded.”