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Bank Gutmann Opens Branch Office in Linz Bank Gutmann Now Also Advises Clients at Its Newly Established Branch Office in Linz

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Bank Gutmann Opens Branch Office in Linz Bank Gutmann Now Also Advises Clients at Its Newly Established Branch Office in Linz Press release Third branch location in Austria for market leader in private banking Bank Gutmann opens branch office in Linz Bank Gutmann now also advises clients at its newly established branch office in Linz. Located in the new premises on Linz’s main square, the office will initially be staffed by a team of five led by Linz native Werner Blaslbauer (Vienna/Linz, 12 February 2019) – With its fifth location, Bank Gutmann rounds out the range of private banking services offered in Upper Austria’s banking scene. Bank Gutmann, only recently ranked once again as the top private bank compared to 80 institutions in German- speaking regions, specialises in advising entrepreneurs and their families, wealthy private individuals, and institutional clients. In its new Linz office situated at Hauptplatz 21, Gutmann combines global know-how with local expertise and explores general trends alongside the specific requirements of the regional market. The office is headed by Werner Blaslbauer (50), who had previously worked at Oberbank, Hypo Oberösterreich and most recently at Zürcher Kantonalbank Österreich AG in Salzburg. Thanks to its certified and regionally based staff, the team in Linz focuses on advising local clients and attending to their individual needs. At the same time, it also provides the full range of investment and wealth management services offered by Bank Gutmann. f.l.t.: Natascha Schimon, Martin Morschitzky, Werner Blaslbauer, Silvia Wiesinger, Heinrich Rothenthal Frank W. Lippitt, Partner and Chief Executive Officer of Bank Gutmann: “With our offices in Vienna, Salzburg, Prague, Budapest and now Linz, we are capitalising on existing networks while at the same time creating a sound basis for winning new clients and partners. Thus, we are offering a unique pool of expertise, unparalleled in Austria, for private individuals, public corporations as well as ecclesiastical organisations, trusts and foundations.” When asked for its motivations behind establishing its fifth bank location in Linz, Gutmann points to Upper Austria’s rapid economic development, especially in recent years. Upper Austria is second only to Vienna when it comes to gross regional product (GRP), boasts persistently high economic growth at 3.3%, and accounts for roughly one quarter of Austria’s exports, making it number one Page 1 ahead of all other federal states in this area.* Due to the city’s favourable geographical location, Bank Gutmann’s Linz office is also an attractive option for clients from South Germany. Werner Blaslbauer, head of the branch: “We see excellent growth prospects in Upper Austria. Our clients come not just from the centre of this federal state but also from all corners of its four regions. Of course, we are also more than happy to welcome clients from Lower Austria’s Mostviertel and Styria’s Ennstal regions situated nearby. We have already established numerous personal and economic ties between Austria’s and Germany’s top economic regions and will work diligently to strengthen and expand these relations.” About Bank Gutmann: Founded in 1922, Privatbank Gutmann is a wealth management specialist and market leader in Austria. An 80 percent interest in the bank is held by the Kahane family, another 20 percent by executive and non-executive partners. Gutmann currently manages client assets worth EUR 20.5 billion (as of 31 December 2018). This volume has more than doubled since 2008. Gutmann clients include domestic and international entrepreneurs and entrepreneurial families, foundations and trusts, wealthy private clients and institutional investors. The long-established Viennese bank has won multiple awards as a leading private bank in Austria, in German-speaking countries and in CEE countries. Photo: Bank Gutmann/Ingo Pertramer Queries Werner Blaslbauer Bank Gutmann Aktiengesellschaft Hauptplatz 21, 4020 Linz Phone: +43-732-700 220-452 [email protected], www.gutmann.at Jörg Wollmann The Skills Group Margaretenstrasse 70, 1050 Wien Phone: +43-664-8860 5860 [email protected], www.skills.at *Sources: STATISTICS AUSTRIA, WIFO, HVSV, AMS, WKO, KSV, Austrian Patent Office Page 2 .
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