Zürcher Kantonalbank Österreich

What Zürcher Kantonalbank Österreich does

Zürcher Kantonalbank Österreich AG (ZKB Austria) was the Austrian subsidiary of Zürcher Kantonalbank, the state-backed cantonal bank of Zurich, Switzerland. Established in 2010 and headquartered in Salzburg, the entity operated with 51–100 employees delivering private banking, asset management, financial planning, accounting, and corporate banking services to Austrian clients within the DACH region. The subsidiary carried the institutional credibility and cantonal guarantee of its Swiss parent, positioning itself in classic private banking, investment advisory, and fund-related services for both private and institutional clients. Its commercial offering included discretionary asset management, securities and real estate funds, Lombard and real estate lending, treasury services, and family office / foundation advisory — substantially overlapping with the now-absorbed LLB Österreich product suite.

The entity's strategic trajectory was defined by an ownership transition rather than organic expansion. In July 2024, Liechtensteinische Landesbank (Österreich) AG (LLB Group) announced the acquisition of ZKB Austria; the transaction closed on 9 January 2025. LLB Group subsequently merged LLB Österreich with LLB Bank AG in August 2025 as part of a broader Austrian consolidation, eliminating ZKB Austria as an independent reporting entity. The former web domain (zkb-oe.at) now redirects to llb.at. Note that the source material also attributes to this entity a series of venture capital investments (Seprify, Alithea Genomics, Clee Medical, CompPair, BTRY) and the CHF 171.65 million Swisscanto Private Equity Switzerland Growth II fund first closing — these are parent-level Zürcher Kantonalbank activities rather than Austrian-subsidiary operations, but are recorded against this entity in the input data.

Name

Zürcher Kantonalbank Österreich

Legal name

Zürcher Kantonalbank Österreich AG

Website

https://zkb-oe.at

Company type

Private

Founded year

2010

Operating status

Acquired

Headcount range

51–100 employees

Short description

Zürcher Kantonalbank Österreich AG was a Salzburg-based Austrian private banking subsidiary of Swiss cantonal bank Zürcher Kantonalbank, offering asset management, financial planning, and corporate banking. Acquired by LLB Group in January 2025 and merged into LLB Bank AG in August 2025.

Ownership category

akta.pro rank

Product category

Private Banking and Asset Management

NAICS

Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940), Finance and Insurance (52)

SIC

Investment Advice (6282)

akta.pro primary industry

Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)

akta.pro secondary industries

Institutional Separate Accounts & SMAs (Mandates) (FSAAAGAL), Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

Keywords

• Private banking services
• Asset management
• Investment advisory
• Fund services
• Wealth management

Headquarters

HQ city

Salzburg

HQ country

Austria

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Distribution channels1 record

Marketing channels1 record

Core offering

Zürcher Kantonalbank Österreich AG operated as an Austrian private and institutional bank providing asset management, investment advisory, discretionary portfolio management, fund services (custodian banking and fund solutions), private equity fund management through Swisscanto, real estate investments and funds, and corporate banking services including treasury, lombard and real estate lending, and family office and foundation advisory services. Following its 2025 acquisition by LLB Group, its offerings were integrated into LLB Österreich.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Banking and Investment Advisory Tailored investment advice, asset structure analysis, and individual portfolio advisory services for private clients, provided under a long-term advisory mandate.
• Discretionary Asset Management Portfolio-based, fund-based, and total-return or benchmark-oriented discretionary asset management mandates for private and institutional clients.
• Securities and Real Estate Investment Funds Swisscanto-branded securities funds, real estate mutual funds, special real estate funds, and real estate equity funds offered to private and institutional investors.
• Real Estate Investments and Investment Apartments Direct real estate investment products, real estate advice, and selected investment apartment projects marketed to private and institutional clients.
• Fund Services (Custodian Banking and Fund Solutions) Custodian bank services, complete fund solutions, own-managed funds, tailored fund wrappers, and special/major investor fund administration for fund initiators.
• Private Equity Fund Services Private equity fund of funds, asset class services, and investor access solutions for institutional and qualified investors, including the Swisscanto Private Equity Switzerland Growth II fund.
• EAM Powerhouse for Intermediaries Multi-booking-center service and advisory offering designed for external asset managers requiring a single integrated partner.
• Treasury and Business Services Treasury services, invitations to tender, family office services, foundation advice, and lombard and real estate lending products for corporate and institutional clients.
• LLB e-Banking and Digital Investment Solutions Online e-Banking portal, LLB Portfolio Analysis tool, and instant payment functionality supporting client account access, reporting, and transactions.

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Others

• UniCredit Bank Austria:

Emerging players

• SPARX Asset Management: Austrian asset management firm focused on equity strategies with growing institutional and intermediary distribution; comparable as a domestic Austrian investment management peer competing for similar institutional and intermediary mandates.

Broad incumbents

• Zürcher Kantonalbank (ZKB): Swiss cantonal bank of Zurich and former parent of ZKB Austria; comparable as a Swiss public-sector bank with wealth management, asset management, fund services and a Swisscanto-branded PE fund platform — the very activities now partially attributable to the consolidated LLB Group.
• Erste Group Bank: One of the largest banking groups in Austria/Central and Eastern Europe; competing for the same retail, private banking and institutional asset management clients that ZKB Austria / LLB Österreich serves, and a major recruiter of Austrian wealth-management talent.
• BAWAG Group: Austrian retail and commercial bank that has expanded into private banking, wealth management and fund services; comparable in private client focus and Austrian market positioning to the post-merger LLB Österreich entity.
• LLB Liechtensteinische Landesbank: Liechtenstein parent bank that acquired ZKB Austria in January 2025 and operates an integrated private banking, asset management and fund services platform across Liechtenstein, Switzerland and Austria; directly comparable in client segments (HNW/UHNW, institutional) and product mix.
• Raiffeisen Bank International: Austrian universal bank with significant private banking, asset management and corporate finance activity; competes with the integrated LLB Österreich platform for institutional and HNW clients in the DACH region.

Direct peers

• VP Bank: Liechtenstein-headquartered private bank offering wealth management, investment advisory and fund services across Switzerland, Austria and international locations; closely comparable in size, Liechtenstein/DACH footprint and target client base to LLB Österreich post-merger.
• Volksbank Wien (Volksbanken Verbund): Austrian cooperative banking group with private banking and wealth management offerings for HNW clients; comparable as a domestic Austrian private banking competitor to the integrated LLB Österreich platform.
• Hypo Vorarlberg Bank: Austrian regional bank with a strong private banking and asset management franchise; similar size, regional focus and client mix to ZKB Austria / LLB Österreich, making it a closely comparable mid-sized Austrian private bank.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Zürcher Kantonalbank Österreich