AGP Executive Report
Last update: 10 hours agoLiechtenstein Succession Update: The Princely House has ended male-only succession by changing the order of inheritance to absolute primogeniture, allowing the firstborn child to take the throne regardless of sex. Wealth & Banking: LGT pushed past the 400 billion franc mark in assets under management, while LLB reported 15.3% higher first-half net profit and strong net new money inflows. Cyber & Identity: WISeKey named Alexander Hirsch as Group Chief Marketing Officer to coordinate global go-to-market efforts across cybersecurity and digital identity, as decentralized identity standards move toward cross-border credential verification (including Liechtenstein in the EU-linked EBSI network). U.S. Drone Tariffs: New U.S. Section 232 duties will raise costs for imported drones and components, with 100% rates for certain high-risk systems and 25% for smaller drones—timed to start Sept. 3, 2026—reshaping supply chains for the broader Liechtenstein-linked European tech and manufacturing ecosystem. Vatican Finance Link: Pope Leo XIV appointed Princess Gisela of Liechtenstein to the Council for the Economy, bringing an engineering-and-investment background into Vatican financial oversight.
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