The Deutsche Bank Ladies Swiss Open will carry a minimum prize fund of 500,000 in a four-year agreement brokered with the LET.
The inaugural event will be played between May 18-21 2006 at Golf Gerre Losone which is nestled at the foothills of the Swiss Alps between Locarno and Ascona.
Ian Randell, chief executive of the Ladies European Tour, was delighted to announce the event at a press conference in Switzerland:
We are thrilled to be working with Deutsche Bank, Fairway Marketing and Golf Gerre Losone on this tournament which I am sure will be one of the highest quality events on our schedule, said Randell.
Having a global brand such as Deutsche Bank, which has a proven record of successful golf sponsorship choose the LET as a vehicle in which to expand their existing sponsorship is further evidence of the growing stature of the Ladies European Tour.
Salvatore Pinoja, President of Golf Gerre Losone, was delighted to be hosting the event and stated:
To host the Deutsche Bank Ladies Swiss Open in 2006 will be a great pleasure and very important, not only for our course but for all Switzerland.
The LET last visited Switzerland in 1997 when the legendary Marie-Laure de Lorenzi from France emerged victorious at the Desse Ladies Swiss Open at Golf Club de Lausanne beside Lac Leman.